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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. The ones that each employer chooses to supply are referred to as discretionary benefits. Perks serve as incentives or extra rewards that make an employer more appealing to work for. Some employee benefits are country-specific.

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Compensation and Benefits

Analytics in HR

Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses. What is compensation and benefits?