August 30, 2020

The Categories of Employee Benefits in an Organization !

Choosing a job when multiple offers are there in your hand brings you to make an important decision as which one to go for. The biggest factor here is 'Employee Benefits' offered by an organization; which also shows how great the company is. Many company offers several benefits other than promoting their employees or awarding with bonuses, however most of them are common. 

Here are the possible benefits an organization may offer to the candidates..


(1) Insurance Benefits : -
     ➥ Medical insurance
     ➥ Life insurance (Health Insurance)
     ➥ Personal accident insurance policies (including the term life insurance)

(2) Employee Assistance Program : -
     ➥ EWAP (Employee Well-being Assisted Program)
     ➥ Counselling

(3) Flexible Bouquet of Benefits : -
     ➥ Gym Membership
     ➥ Eye Care
     ➥ Dental Care
     ➥ Creche Facility
     ➥ Elderly Care

(4) Leaves :-
     ➥ Casual Leaves
     ➥ Sick Leaves
     ➥ Privileged Leaves / Earned Leaves
     ➥ Leave on Birthdays, Anniversaries, Marriages, etc.
     ➥ Volunteering Leaves

(5) Maternity / Paternity related benefits : -
     ➥ Maternity leaves - 6 months mandatory 
     ➥ Paternity leaves - 2 - 4 weeks (based on company policy)

(6) Work Place Flexibility :-
     ➥ Work from home (WFH)

(7) Work time Flexibility :-
     ➥ Flexible in-time and out-time

(8) Perquisites : -
     ➥ Company-provided car
     ➥ Gym membership

(9) Vouchers / Privileges : -
     ➥ Gym discounts
     ➥ Restaurant discounts
     ➥ Spa discounts
     ➥ Meal voucher (for redeem)

In one of business journal column, Steve Job mentioned, 
"You can not mandate productivity, you must provide the tools to let people become their best".
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Note: Do share with me if your organization offers you the benefits other than listing above, or you can mention in the comment section as well..

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