employee benefit
Job-included advantage
Employee benefit refers to compensation beyond regular wages that an employer provides to workers.
Benefits commonly include health insurance, retirement plans, paid time off, and life insurance.
Some benefits are legally required; others serve to attract and retain employees.
The term often appears in plural: The job doesn't pay much, but the benefits are excellent.
Contract paying upon death
- disability insuranceCoverage replacing lost wages
- coverageExtent of inclusion
- premiumAdded cost for better
- beneficiaryDesignated asset receiver
claim · short-term disability · long-term disability · accidental death · supplemental insurance · critical illness · underwriting · portability
Reward beyond expectation
- stock optionsContracts to purchase shares
- commissionPayment for services rendered
- profit-sharingDistributing earnings among workers
- merit payCompensation tied to performance
performance bonus · signing bonus · retention bonus · RSU · spot bonus · referral bonus · year-end bonus · golden handcuffs
Retiree's ongoing benefit
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- 403(b)Nonprofit employee retirement plan
- vestingGaining full ownership
rollover · retirement plan · annuity · nest egg · social security · deferred compensation · profit-sharing · ESOP
Employer-granted leave with pay
- vacationLeisure time away
- sick leaveAuthorized absence when unwell
- parental leaveJob-protected time for newborns
- maternity leaveJob-protected time for childbirth
paternity leave · bereavement leave · sabbatical · personal days · family leave · FMLA · holiday pay · floating holiday
Organized provision of treatment
prescription · preventive care · wellness program · telemedicine · mental health · checkup · specialist · primary care
Employer-supplied automobile
- housing allowancePayment covering dwelling costs
- relocation assistanceSupport for job-related moves
- tuition reimbursementEmployer-funded schooling benefit
- gym membershipPaid access to exercise facilities
parking · cell phone · laptop · expense account · executive perks · club membership · company housing · meals
Planned exercise schedule
- health screeningPreventive diagnostic examination
- stress managementHandling psychological tension
- mental health supportAid for emotional wellness
- nutrition counselingGuidance on food choices
smoking cessation · weight management · mindfulness · work-life balance · ergonomics · biometric screening · health coaching
Protected employment status
- severanceTermination pay or disconnection
- workers compensationEmployer-funded injury benefits
- redundancy payPayment after workforce reduction
- safety netProtection against failure
collective bargaining · ERISA · labor rights · tenure · guaranteed income · outplacement · COBRA
life insurance
Contract paying upon death
- disability insuranceCoverage replacing lost wages
- coverageExtent of inclusion
- premiumAdded cost for better
beneficiary · claim · short-term disability · long-term disability · accidental death · supplemental insurance · critical illness · underwriting · portability · term life
bonus
Reward beyond expectation
- stock optionsContracts to purchase shares
- commissionPayment for services rendered
- profit-sharingDistributing earnings among workers
merit pay · performance bonus · signing bonus · retention bonus · RSU · spot bonus · referral bonus · year-end bonus · golden handcuffs
pension
Retiree's ongoing benefit
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- 403(b)Nonprofit employee retirement plan
vesting · rollover · retirement plan · annuity · nest egg · social security · deferred compensation · profit-sharing · ESOP · early retirement
paid time off
Employer-granted leave with pay
- vacationLeisure time away
- sick leaveAuthorized absence when unwell
- parental leaveJob-protected time for newborns
maternity leave · paternity leave · bereavement leave · sabbatical · personal days · family leave · FMLA · holiday pay · floating holiday · comp time
healthcare
Organized provision of treatment
vision · prescription · preventive care · wellness program · telemedicine · mental health · checkup · specialist · primary care · hospitalization
company car
Employer-supplied automobile
- housing allowancePayment covering dwelling costs
- relocation assistanceSupport for job-related moves
- tuition reimbursementEmployer-funded schooling benefit
gym membership · parking · cell phone · laptop · expense account · executive perks · club membership · company housing · meals · concierge service
fitness program
Planned exercise schedule
- health screeningPreventive diagnostic examination
- stress managementHandling psychological tension
- mental health supportAid for emotional wellness
nutrition counseling · smoking cessation · weight management · mindfulness · work-life balance · ergonomics · biometric screening · health coaching
job security
Protected employment status
- severanceTermination pay or disconnection
- workers compensationEmployer-funded injury benefits
- redundancy payPayment after workforce reduction
safety net · collective bargaining · ERISA · labor rights · tenure · guaranteed income · outplacement · COBRA
- benefitsadvantage, healthcare coverage, dental insurance, health screening, life insurance
- tax-free incometax-free income, non-taxable income, non-taxable, tax-exempt, Roth IRA
- freebiesfreebie, freebies, samples, giveaways, free
- nonprofitscharity shop, charity organizations, nonprofit, nonprofits, charities
employee benefitbase salary
Guaranteed regular compensation
base pay · wages · hourly wage · take-home pay · gross salary
employee benefitpayroll deduction
Sum subtracted from wages
wage garnishment · pay cut · salary reduction · employee contribution · unpaid leave
benefit, benefits, employee, employment, employer, unemployed, unemployment, employees, employable