IMPORTANCE OF EMPLOYEE BENEFITS IN THE WORKPLACE Employee benefits in the workplace are very important for each employee. There are many benefits of employment that a company can offer to the employees, and the more benefits there are, the better satisfaction there is for workers. In this article, we describe more about the importance of employee benefits and how these benefits affect the motivation and effectiveness of each employee at work.
WHAT ARE EMPLOYEE BENEFITS? Employee benefits are usually the compensations that companies offer aside from the salary. These benefits are regulated by the state laws and these usually include: Unemployment Insurance Family and Medical Leave Disability Insurance Social Security Medicare Tax Payments Worker’s Compensation There are also other workplace benefits such as health insurance, paid vacation, life insurance, and retirement benefits. These types of benefits are not obligatory and the company can decide whether or not to offer them to the employees.