organization benefits to the employees

Posted by zonan | Posted in

1.Security benefits – these benefits include some mandated by laws and others offered by employers voluntarily. The primary benefits found in most organizations include workers compensation, unemployment compensation and severance pay.

2.Retirement benefits – the aging of the workforce in many countries is affecting retirement planning for individuals and retirement plan costs for employers and governments. Many pension plans include provisions for early retirement to give workers voluntary opportunities to leave their jobs. Some employers choose to offer their retirees benefits which may be paid for by the retirees the company or both.

3.Health-care benefits – employers provide a variety of health-care and medical benefits, usually through insurance coverage. The most common plans cover medical, dental, prescription drug, and vision care expenses for employees and their dependents.

4.Financial benefits – employers may offer workers a wide range of special benefits that provide financial support to employees: financial services; relocation assistance, insurance benefits, educational assistance and others

5.Time-off benefits – time-off benefits represent an estimated 5%-13% of total compensation. Employers give employees paid time off in a variety of circumstances

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