Employee benefits

Employee benefits is compensation in addition to salary. Payments or allowances that organizations give to their employees (for example, medical insurance, Social Security taxes, pension contributions, education reimbursement, and car or clothing allowances).

Definition

According to the HRBoK Guide,

Employee benefits. Compensation in addition to salary. Payments or allowances that organizations give to their employees (for example, medical insurance, Social Security taxes, pension contributions, education reimbursement, and car or clothing allowances).