What is Employee Benefits? Definition and meaning

Employee Benefits

Definition: Employee Benefits is a term used to indicate the non-wage part of remuneration consisting of a broad range of special payments or benefits in kind.
Typical Employee Benefits are: insurance, pension/retirement benefits, income protection/social security, maternity pay/daycare/child care, profit sharing/Employee Stock Ownership Plan, holiday/vacation, relocation assistance/benefits, golden handshake/golden parachute/golden hello, legal assistance, company car, company computer/internet access, company mobile phone, PDA, membership of sport and health clubs/leisure activities during work time, education/personal development, staff discounts, industry-related benefits.

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