Typically indirect, non-cash assistance given to an employee. May be mandated by law, for example social security, unemployment and workers compensation. Can vary from firm to firm or industry to industry. Typical examples are health insurance, life insurance, medical plan, paid vacation, pension, or bonus.
Link to This DefinitionDid you find this definition of EMPLOYEE BENEFITS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary