A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Types of Benefits

Base Pay
Base Pay

Base Salary. Base salary is what you see on your paycheck. It is the amount per hour or per year that you are paid for performing your job. Base salary does not include any bonuses, benefits or perks associated with the job. It increases with raises or adjustments, but remains the yearly or hourly wage paid.

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Benefits Including
Benefits Including

Fringe benefits are additional compensation provided to an employee or partner by an employer, such as health insurance, paid time off, or a company car. Fringe benefits are additional compensation provided to an employee or partner by an employer, such as health insurance, paid time off, or a company car.

Bonuses, Profit Sharing, Merit Pay
Bonuses, Profit Sharing, Merit Pay

Profit sharing refers to monetary benefits offered to the employees by the employer apart from salary and bonuses. They are a form of incentives given to employees either directly or indirectly, depending upon the profits made by the respective company.

source: paggu.com
COBRA
COBRA

COBRA generally requires that group health plans sponsored by employers with 20 or more employees in the prior year offer employees and their families the opportunity for a temporary extension of health coverage (called continuation coverage) in certain instances where coverage under the plan would otherwise end.

source: dol.gov
Commissions
Commissions

Commission: Employer Benefits. Employers benefit from paying a commission to their employees because it means that they only pay the employee if there is a sale. This eliminates the burden of paying employees for work that does not result in sales.

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Disability
Disability

Social Security Disability Insurance pays benefits to you and certain members of your family if you are "insured," meaning that you worked long enough and paid Social Security taxes. Supplemental Security Income pays benefits based on financial need.

source: ssa.gov
Family and Medical Leave Act
Family and Medical Leave Act

The Family and Medical Leave Act (FMLA) provides certain employees with up to 12 weeks of unpaid, job-protected leave per year. It also requires that their group health benefits be maintained during the leave.

source: dol.gov
Health Insurance
Health Insurance

Read about 10 health care benefits covered by the Health Insurance Marketplace at Healthcare.gov. Learn about your coverage options and create an account today

Holidays
Holidays

But there’s an important catch to remember if you want to see these benefits – a vacation should not just involve time spent out of the office but time off work as well. 61% of US workers in 2014 admitted to working while on vacation and this is something which can negate many of the good effects of a vacation [1].

source: thepip.com
image: fix.com
Minimum Wage
Minimum Wage

Minimum wage laws are also perceived as necessary to protect workers from exploitation by unscrupulous employers. In some areas, minimum wages are actually higher than those established by the federal government.

Overtime
Overtime

The overtime regulations overhaul will not only alter pay structures but will push some organizations to make benefit cuts. Employers should revisit their total rewards mix and prepare to deal with pay compression issues.

source: shrm.org
Overtime Pay
Overtime Pay

The FLSA, with some exceptions, requires bonus payments to be included as part of an employee's regular rate of pay in computing overtime. Extra pay for working weekends or nights is a matter of agreement between the employer and the employee (or the employee's representative).

source: dol.gov
Pension or 401(k) Plans
Pension or 401(k) Plans

The biggest difference between a 401(k) plan and a traditional pension plan is the distinction between a defined benefit plan and a defined contribution plan. Defined benefit plans, such as pensions, guarantee a given amount of monthly income in retirement and place the investment risk on the plan provider.

image: nbcnews.com
Short- and Long-Term Disability Insurance
Short- and Long-Term Disability Insurance

Long-term disability insurance (LTD) begins to assist the employee when short-term disability insurance (STD) benefits end. Once the employee's short-term disability insurance benefits expire (generally after three to six months), the long-term disability insurance pays an employee a percentage of their salary, typically 50-70%.

image: hq-law.com
Stock Options
Stock Options

Benefits of Stock Options Prev NEXT The price the company sets on the stock (called the grant or strike price) is discounted and is usually the market price of the stock at the time the employee is given the options.

Travel/Meal/Housing Allowance
Travel/Meal/Housing Allowance

allowances and fringe benefits 14 July 2017 - Omission of source code 4582 With the implementation of the Retirement Reform requirements, information code 4582 (remuneration portion of income included under income codes: 3701 Travel Allowance, 3702 Re-imbursive Travel Allowance, 3802/3816 Use of Employer provided Vehicle) and its value were omitted from the submission file created by e@syFile™ Employer.

source: sars.gov.za
Unemployment Benefits
Unemployment Benefits

Unemployment Insurance is a joint state-federal program that provides cash benefits to eligible workers. Each state administers a separate unemployment insurance program, but all states follow the same guidelines established by federal law.

Vacation Time
Vacation Time

Paid vacation days are time off from work that employers provide to employees as a benefit. Find out how this works and see how yours compares to others. Paid vacation days are time off from work that employers provide to employees as a benefit.

image: midphase.com
Workers Compensation
Workers Compensation

Workers' compensation is a state-mandated insurance program that provides benefits to employees who suffer job-related injuries and illnesses. Each state has its own laws and programs for workers' compensation. The federal government also has a separate workers' comp program, mostly for federal employees.

source: nolo.com