The benefits are defined as a form of compensation paid by the employers to employees beyond normal salary. Benefits come in many forms and are an important part of the total compensation offered to employees.
In this small company "101" article, we'll look more closely at the definition of employee benefits, discuss different types of benefits, and provide examples. 
Benefits Definition
The benefits are defined as indirect non-cash or cash compensation paid to an employee in excess of normal wages.
Some benefits are required by law. For example, employers are required to make payments on behalf of the Social Security and Medicare employees. Employers must also pay unemployment benefits to the employee account.
Further advantages are offered by employers to improve the remuneration paid to employees. Benefits such as health insurance, life insurance, paid vacation, benefits and workplace are joint offers used to recruit and retain employees
Related :. Top 5 Types of Employee Benefits
Examples of employee benefits
is a list of popular benefits in the United States:
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paid time off, such as PTO, sick days, and vacation days
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health insurance
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life insurance
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dental
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Vision insurance
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pension benefits or accounts
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spending on health care or retirement accounts, such as HSA, ASF, HRPS and CRH
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long-term disability insurance
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short-term disability insurance
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reimbursement of expenses tuition
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Daycare benefits
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gym memberships or discounts
- bonus or incentives
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welfare programs
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relocation assistance
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commuting assistance / Travel
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Telecommuting Options
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workplace benefits such as recreation, food and coffee, and flexible work schedules
Many of these benefits can be provided tax free. For more information on benefits tax free here.
ways to structure Benefits
In addition to the different types of benefits, companies must evaluate how to structure the delivery. In general, companies have two different ways to structure, to contribute, and offer employee benefits
1) Benefits oriented organization :. Structured benefits in the traditional way which are generally owned by the employer and the employer selected. Examples include traditional health insurance policy, retirement pension or 401 (k) or a formal wellness program
2) Benefits consumer-oriented :. Benefits structured so as to focus on the end user (the employee) as an individual consumer. With this approach, each employee uses the money funded employers to customize their benefits using technology.
To help clarify these definitions, a table showing examples of common benefits using both approaches.
Source - Zane Benefits
Conclusion
The definition of social advantages is straight-forward: additional remuneration paid to employees above salary and regular salaries. Some benefits are required by law; others are optional and serve as an important part of total compensation used to attract and retain key employees. There are also different ways to structure and offer advantages. Whereas oriented organizational benefits have always been how to offer benefits, many employers are turning to benefit consumer-oriented to better meet the expectations of employees and better control costs.
What questions do you have about the definition of benefits? Leave a comment or question below.
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