article thumbnail

Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

It's no secret that employee benefits are an excellent employee retention strategy. In fact, 51% of employers said that the use of benefits as a retention tool would become even more important in the next 3 to 5 years. Employee discounts. Employee stock options. Accident and health benefits.

article thumbnail

Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP). Employee Stock Option Scheme (ESOS).

401(k) 52
article thumbnail

17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

Employee provident fund (EPF) Employee provident fund is a type of provident fund that is solely contributed by the employee. National pension scheme (NPS) The national pension scheme is a voluntary retirement savings scheme where employees can contribute towards their retirement savings.