Which represents an employee benefit?

Which represents an employee benefit?, also known as perks or fringe benefits, are provided to employees over and above salaries and wages. These Which represents an employee benefit? packages may include overtime, medical insurance, vacation, profit sharing, and retirement benefits, to name just a few.

Which represents an employee benefit? cover the indirect pay of your workforce. This can be health insurance, stock options, or any myriad of things offered to employees.

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[Solved] Which represents an employee benefit? A. wage …

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Answer. The answer is “B. health-insurance plan with company-paid premiums”. An employee benefits package incorporates all the non-wage benefits, similar to protection and paid time off, given by a business.

Employee Benefits: Meaning, Benefits, Objective and …

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Answer. The answer is “B. health-insurance plan with company-paid premiums”. An employee benefits package incorporates all the non-wage benefits, similar to protection and paid time off, given by a business.

FAQ Which represents an employee benefit?

What are the benefits given by the employer to the employees?

(5) Benefit given by the employer is meant for all the employees and not a specific group of employees. (6) This is a positive cost incurred by an employer to finance employee benefit. (1) Free lunch or lunch at subsidized rates offered to the employees.

What are the different types of employee benefits?

Employee benefits, also known as perks or fringe benefits, are provided to employees over and above salaries and wages. These employee benefit packages may include overtime, medical insurance, vacation, profit sharing and retirement benefits, to name just a few.

What are characteristic features of employee benefits?

Characteristic Features of Employee Benefits: (1) Employee benefits are those payments which are paid to him in addition to the wages and salary he receives. (2) These benefits are not given to the worker for any specific performance of the jobs but they offered boosting his interests in work and make the job more productive for him.

What are the basic principles of employee benefits?

(1) Benefits and services must be provided with the genuine intention of promotion of employee welfare and these benefits should not be considered as a matter of charity. (2) Benefits must be adored by the employees and should satisfy their need. (3) The basis of benefits must be broad so that large number of employees should be covered by them.

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