Types Of Employee Benefits
In this article we shall comprehensibly talk about some common types of employee benefits for general understanding and knowledge. But what are employee benefits? Employee benefits are basically perks which are offered by an organization or employer to the respective employees in addition to salary. Some of the common type of employee benefits include life insurance, medical, disability, fringe benefits, paid leaves, etc. perks encourage employee output, productivity and loyalty to the organization. benefits are very valuable to the employees even though it amounts to major expenditure for the company or the organization. For instance medical insurances can be cost significantly to an organization. This is why it is important for an organization to consider these under net expenditure, coverage and compensation. Medical insurance: this is to cover the expense of a medical treatment pertaining to certain health issues of an employee. This covers for certain expenses such as the