employee benefits

  

Definition

In general, indirect and non-cash compensation paid to an employee. Some benefits are mandated by law (such as social security, unemployment compensation, and workers compensation), others vary from firm to firm or industry to industry (such as health insurance, life insurance, medical plan, paid vacation, pension, gratuity).

Use employee benefits in a sentence

  • I wanted to work for that company because they had really great employee benefits and they also had a really great store.

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  • Every trucking company I ever worked for made sure to dedicate an entire day in their orientations to employee benefits.

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  • The employee benefits offered to the woman by the state institution played a great factor in her decision to join the team.

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