Accident and Health Benefits refer to fringe benefits provided for accidental injury, accidental death, or sickness. These benefits typically cover payment of medical, surgical, and hospital expenses, along with income payments.
An in-depth look at the term 'Benefit,' covering various contexts such as business, insurance, employment, and charitable events. Understand how benefits contribute to organizational profitability, enhance efficiency, support individuals in need, and serve as fringe benefits for employees.
A cafeteria plan allows employees to choose from a variety of fringe benefits, including cash, without including the chosen benefit in their gross income for tax purposes.
Company benefits are various types of non-wage compensation provided to employees in addition to their normal wages or salaries. These can include health insurance, retirement plans, and paid time off, among other perks aimed at improving employee satisfaction and retention.
Employee benefits, often referred to as fringe benefits, are non-wage compensations provided to employees in addition to their normal salaries or wages. These benefits are key components of comprehensive compensation packages, aimed at attracting, motivating, and retaining employees.
Non-monetary benefits offered to the employees of a company in addition to their wages or salaries, and benefits provided to shareholders beyond dividends.
A labor dispute refers to a controversy between management and labor over various aspects of the workplace, including working conditions, wages, job descriptions, and fringe benefits.
Perquisites, often abbreviated as perks, refer to the privileges granted to employees in addition to basic wages and salaries. These can range from health insurance and pensions to executive benefits like automobiles, resort vacations, and more.
Perquisites of Office, also known as fringe benefits, refer to the advantages or benefits provided by an employer to an employee, which are above their regular wages or salary. When these benefits are used for personal or family purposes, they are taxable.
Regular compensation received by an employee as a condition of employment. Salaries comprise basic wage, performance-based pay, and indirect fringe benefit compensation, typically computed on an annual basis.
