Question

1. Define employee benefits as compared to other forms of total rewards.

1. Define employee benefits as compared to other forms of total rewards.

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Answer #1

Total rewards could include total compensation plus various employment benefits or employee benefits. Things anything employees are receiving in terms of monetary or non monetary figure, are rewards for employees. Here, total compensation could include base pay, various bonuses and equity value, whereas employee benefits could include health insurance, employment perks like family care, accommodation, children education allowances, car fuel parks, accidental insurance, gift cards, vouchers, food facilities, etc. Employee benefits are the benefits that are provided over the compensation package, such benefits also can include employee’s leave travel days and allowance figure, number of days a mother can take leave, birthday wishes, etc.

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