employee benefits
Workplace compensation extras
Employee benefits are forms of compensation beyond wages or salary that employers provide to workers.
These typically include health insurance, retirement plans, paid time off, and life insurance, though they may extend to perks like gym memberships or tuition assistance.
Benefits are often a significant factor in job decisions: The salary was modest but the employee benefits were excellent.
Some benefits are legally required, such as Social Security contributions, while others are offered voluntarily to attract and retain talent.
Payment plan for healthcare
- dentalRelating to teeth
- visionAbility to see
- HMONetwork-based insurance plan
- PPOPreferred provider organization
copay · deductible · premium · prescription coverage · wellness program · preventive care · mental health coverage · family coverage
Employer-supplied automobile
- gym membershipPaid access to exercise facilities
- housing allowancePayment covering dwelling costs
- relocation assistanceSupport for job-related moves
- tuition reimbursementEmployer-funded schooling benefit
childcare subsidy · parking space · club memberships · remote work · flexible hours · free meals · sabbatical · stock options
Retiree's ongoing benefit
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
- superannuationRetirement savings scheme
annuity · vesting · nest egg · retirement savings · Social Security · SEP-IRA · rollover · early retirement
Fixed periodic employment payment
- wagesPayment for work
- bonusReward beyond expectation
- paycheckCompensation for labor
- earningsMoney gained from work
income · commission · overtime · pay scale · increment · gross pay · remuneration · stipend
Protected employment status
- severanceTermination pay or disconnection
- workers compensationEmployer-funded injury benefits
- accident coverageProtection against unforeseen mishaps
- redundancy payPayment after workforce reduction
notice period · union representation · grievance procedure · garden leave · income protection
medical insurance
Payment plan for healthcare
PPO · copay · deductible · premium · prescription coverage · wellness program · preventive care · mental health coverage · family coverage · health savings account
company car
Employer-supplied automobile
- gym membershipPaid access to exercise facilities
- housing allowancePayment covering dwelling costs
- relocation assistanceSupport for job-related moves
tuition reimbursement · childcare subsidy · parking space · club memberships · remote work · flexible hours · free meals · sabbatical · stock options · professional development
pension
Retiree's ongoing benefit
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
superannuation · annuity · vesting · nest egg · retirement savings · Social Security · SEP-IRA · rollover · early retirement · pension fund
salary
Fixed periodic employment payment
earnings · income · commission · overtime · pay scale · increment · gross pay · remuneration · stipend · allowance
job security
Protected employment status
- severanceTermination pay or disconnection
- workers compensationEmployer-funded injury benefits
- accident coverageProtection against unforeseen mishaps
redundancy pay · notice period · union representation · grievance procedure · garden leave · income protection
- corporatecorporation, CEO, office, CFO, cubicle
- business expensespayroll, office rent, salaries, wages, office supplies
- career wellnesswork-life balance, burnout, job satisfaction, stress management, career coaching
- HRhiring, human resources, recruiting, HR, onboarding
- labor economicsjob market, labor supply, labor demand, labor force participation, labor statistics
- employee benefitshealth insurance, pension, 401k, 401(k), retirement
employee benefitsbase salary
Guaranteed regular compensation
wages · hourly pay · base pay · gross pay · take-home pay
employee benefitspayroll deductions
Amounts subtracted from earnings
out-of-pocket expenses · unpaid labor · workplace hazards · work duties · mandatory overtime
employee benefitsshareholder dividends
Payments to company owners
executive perks · corporate profits · capital gains · golden parachutes
benefit, benefits, employee, employment, employer, employed, beneficial, benevolent, unemployed