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Types of Employee Benefits: 12 Benefits HR Should Know

Analytics in HR

Typical examples include health insurance, paid time off, and life insurance. Perks serve as incentives or extra rewards that make an employer more appealing to work for. The types of employee benefits an organization provides carry weight in today’s employment market. Some employee benefits are country-specific.

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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.

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20 Practical Employee Recognition Ideas That Actually Work In 2024

Vantage Circle

In this article, we are exploring the top 20 ideas for employee recognition , spanning public praise, personalized rewards, peer appreciation, events, time-off benefits, and more. Whether you want to launch a formal program or implement easy, low-cost ideas, these recognition techniques meet diverse workplace needs and fuel retention.