Employee benefits are various types of non-wage compensation provided to employees in addition to their normal wages or salaries. These benefits can include health insurance, retirement plans, paid time off, and other perks that enhance the overall compensation package. They play a crucial role in attracting and retaining talent, as well as improving employee satisfaction and productivity.
In many cases, employee benefits are tailored to meet the needs of the workforce and can vary significantly between companies. Offering comprehensive benefits can help organizations foster a positive work environment and promote employee well-being, ultimately contributing to the company's success.