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Types of employee benefits Before delving deeper into learning the process of calculating employee benefits, let’s understand the major types of employee benefits. Statutory benefits Statutory or mandatorybenefits are legal requirements that businesses need to comply with.
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.
Unlike perks, traditional benefits like health insurance, retirement plans, and paid family medical leave aren't just nice-to-haves—they're often legally required depending on the company's size and location.
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