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Employee benefits have become an essential part of any competitive compensation package. From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. The mandatorybenefits form the foundation of all employee benefit packages.
Highlights Meaning of employee benefits Imoprtance of employee benefits Types of employee benefits Legally mandatorybenefits Popular employee benefits Creative and budget-friendly benefit ideas What Are Employee Benefits? Health Insurance A healthy employee is a productive employee.
Taxable examples of fringe benefits might include: Gym memberships Moving stipends beyond the actual moving cost Personal use of a company car Frequent flyer miles when converted to cash Certain lifeinsurance payments Information like this can come as a shock. Employees need benefits. Ask employees what they want.
The UK government has divided the various employee benefits into two categories: mandatorybenefits and non-mandatorybenefits. Types of employee benefits in the UK Here are some of the best employee benefits in the UK. employees in private health care that cover dental and vision care as well.
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