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

In human resources, 'employee benefits' refer to the various non-wage compensations provided to employees in addition to their normal salaries. An HR manager might say, 'Offering comprehensive employee benefits, such as health insurance and retirement plans, helps us attract and retain top talent.'

Practice Scenarios

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.

Business

Scenario:

Our company places a strong emphasis on work-life balance. We want to make sure our employees feel valued and supported.

Response:

That's encouraging to hear. I believe that our robust set of employee benefits can significantly contribute to that work-life balance.