Employee benefits are provided to the employees in addition to the salary. These benefits can vary from company to company; some of the most commonly provided employee benefits are
One of the most common benefits provided to the employees are paid leave; these can be in the form of holidays, sick leave, and vacation leave. In some companies, the companies pay for the cost of the vacations as well, as a token of appreciation for the employeeâ€™s work.
Domestic partner benefits
Companies may provide benefits for not only the employees but the family of the employees as well such as in the form of family health insurance.
Companies may provide the employee with life insurance so as to secure their families in case of any mishaps; this creates a feeling of security in the employee as he/she knows that his/her family will be taken care of even if something happens to him/her.
In case of any mishap or accident which renders the employee to be disable or unable to do their job because of the illness, this insurance makes sure that the necessities of the employee are paid. These can be short-term, which provides financial support for a short period of time until the employee recovers, and long-term, which provides long-term assistance in case the employee will not be able to work for a long term or in some cases permanently.
An insurance that covers the medical expenses incurred by the employee such as consultation fees, hospital costs, medical tests, etc. is known as medical insurance.
Flexible/remote work options
Family time is very important for overall happiness of the employee and allowing the employee flexibility in terms of work such as work from home will make the employee satisfied and more dedicated toward achieving the companyâ€™s goals.
Giving an opportunity to learn along with the job will lead to professional development of the employee and also increase the skill set of the employee, which will ultimately lead to the increase in efficiency of work and also development of new creative ideas for the company.
A way out of the student loans that the employee might have taken to complete his/her education can act as a very big motivator for the employees.
On-side food services
Providing food services or cafeterias at the workplace can promote good health of the employees.
Providing pension plans to secure
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