Employment 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 and improve employee satisfaction.
Offering a comprehensive benefits package is crucial for attracting and retaining talent in today's competitive job market. Benefits like flexible working hours and wellness programs not only support employees' well-being but also contribute to a positive workplace culture, ultimately benefiting both employees and employers alike.