employee-benefits

Vocabulary Word

Definition

'Employee-benefits' refer to the non-wage compensation provided to employees in addition to their salaries. These often include health insurance, retirement plans, paid leave, or gym memberships.

Examples in Different Contexts

For startups, offering 'employee benefits' can be a way to compete with larger companies for skilled workers. A startup founder might explain, 'Though we can't match every salary, our unique employee benefits package, including stock options and unlimited PTO, sets us apart.'

Practice Scenarios

Public-Policy

Scenario:

Our department understands the importance of employee wellbeing. We want to create a stable and supportive work environment.

Response:

I think increasing our employee benefits related to parental leave and mental health would further stabilize our work environment.

Startup

Scenario:

As a startup, we prioritize flexibility and innovation. That extends not only to our products and services but also to our workplace culture.

Response:

Our employee benefits like flexible working hours and remote work policy surely reinforce that flexibility and innovation.