Benefits are a form of compensation paid by employers to employees over and above the amount of pay specified as a base salary or hourly rate of pay. Benefits are a portion of a total compensation package for employees.
It is up to the employer to decide what they offer in a benefits package and it can vary between individual employees based on some of the needs of their job. If the benefits package is well thought out, it can be used strategically to add real value to a company. From constructing a positive and attractive employer brand, to improving recruitment and retention. By making your business a happier place, this contributes to higher staff engagement.