Employee Benefits are non-wage compensations provided to employees, such as health insurance, retirement plans, and paid leave, enhancing job satisfaction and retention.
- What are employee benefits?
Answer: They are non-wage compensations like health insurance and paid leave. - What are common types of employee benefits?
Answer: Types include medical coverage, 401(k) plans, and vacation time. - How do benefits attract employees?
Answer: They enhance job appeal and support work-life balance. - What is the employer’s role in benefits?
Answer: Employers design, fund, and administer benefit programs. - How often are benefits reviewed?
Answer: They are typically reviewed annually or with policy updates.
