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Definition

Benefits

Benefits– indirect financial and nonfinancial payments employees receive for continuing their employment with the company- are an important part of just about everyone’s compensation. They include things like health and life insurance, pensions, time off with pay, and child care assistance.

Benefits mean indirect financial payments given to employees. They may include health and life insurance, vacation, pension, education plans, and discounts on company products, for instance.


Benefits mean forms of indirect compensation that are financial in nature; examples include health insurance and pension fund contributions.

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