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Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Maybe in addition to a couple weeks of paid vacation, your company offers no-questions-asked sick leave for employees who feel under the weather.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Employee benefits are non-wage compensation provided by employers to their employees in addition to their regular salary or wages. What are employee benefits?

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What is the Difference Between Benefits, Perks, Gifts, Awards, Incentives, and Rewards?

Empuls

Employee benefits also known as fringe benefits, as defined by the US Dept of Labor, are government-mandated, non-wage employee compensation, over their salaries and wages, that can be both financial and non-material. Apple offers its employees extended paid vacations while their medical coverage plans include fertility treatments.

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What employees expect from benefits packages

Business Management Daily

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. Paid sick days encourage ill workers to stay home. Likewise, paid vacation days offer the opportunity for workers to recharge. Retirement plans.

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How to Calculate Employee Benefits: The Ultimate Handbook

Empuls

Employers need to pay contributions to the central or state government employee welfare schemes, insurance, retirement funds, etc. The EPF requires employers and employees each to deposit 12 percent of their basic salary per month every year to the employee’s EPF account. percent for the employees.