Marc just started a new job and receives medical and dental insurance coverage in addition to his salary. Benefits in addition t

Question

marta [7]

2 years ago

8

Marc just started a new job and receives medical and dental insurance coverage in addition to his salary. Benefits in addition t

o salary are known as _____ benefits.

Social Studies

1 answer:

Yanka [14] · Answer 1 · 2022-04-09T11:23:50+03:00

Answer: Employee benefits.

Explanation:

Employee benefits are the non-salary compensation given by organizations to employees in order to give the potential employee a competitive package. It includes different types of non-wage compensation that are provided to workers in addition to their wages or salaries.

Examples of such benefits include insurance (dental, health or life), housing, retirement benefits, sick leave, disability income, vacation, profit sharing and student loan.

The aim of employee benefit is to improve employee retention by increasing staff members economic security.