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| | Employee Benefits |
 | | Employee benefits typically refers to retirement plans, health life insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc. Benefits are increasingly expensive for businesses to provide to employees, so the range and options of benefits are changing rapidly to include, for example, flexible benefit plans. |
 | | Benefits are forms of value, other than payment, that are provided to the employee in return for their contribution to the organization, that is, for doing their job. |
 | | Intangible benefits are less direct, for example, appreciation from a boss, likelihood for promotion, nice office, etc. People sometimes talk of fringe benefits, usually referring to tangible benefits, but sometimes meaning both kinds of benefits. |
| www.managementhelp.org /pay_ben/benefits/benefits.htm (464 words) |
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