Benefits

Benefits are noncash compensation provided to employees. Compensation that the employee receives in addition to a base salary (for example, health insurance, company housing, company meals, clothing allowance, pension, and gym membership).

Definition

According to the HRBoK Guide,

Benefits. Noncash compensation provided to employees. Compensation that the employee receives in addition to a base salary (for example, health insurance, company housing, company meals, clothing allowance, pension, and gym membership).