Benefits paid by the employer (e g , FICA, Worker's Compensation, Withholding Tax, Insurance, etc )
A general term usually referring to non-cash benefits provided to employees in their course of employment Some programs are extremely elaborate and formal; while others are simple and casual They often include a range of items, which might include Health, Life, Disability, Dental insurance or retirement programs - as well as other attractive features such as paid Vacation and/or Sick leave, transportation allowance, various per diem expenses, et cetera
This provides protection to you if you fail to properly administer Employee Benefit Programs and an employees suffers a loss because they did not have coverage they should have had, resulting from your negligence An example would be an employee gets married or has a new dependent and you fail to notify your Health Insurance Company
the provision of direct (salary, bonuses, etc ) indirect (vacation leave, medical and dental plans, etc ) and deferred employee compensation (pensions, etc )
The direct expenditures, other than salaries, associated with employee compensation In the budget, employee benefits are not distributed by programs or departments These include retirement, social security, medical and dental, worker's compensation, and life insurance benefits
An indirect form of employee compensation, in addition to wages Some employee benefits are mandated by law These include social security, unemployment, and workers compensation Other employee benefits are sponsored voluntarily by employers It is usual to talk about health-care, life insurance, retirement, or other welfare benefits in this context
all benefits and services, other than wages for time worked, that employers provide to employees in whole or in part Narrower definitions include only employer-provided benefits for situations involving death, accident, sickness, retirement, or unemployment
additional compensation paid to or on behalf of employees, such as premiums for medical, dental, life, and disability insurance; additional benefits include contributions to pension plans, stock purchase plans, and vacations (p 510)
Expenses incurred for vacation pay, sick leave pay, holiday pay, FICA, SUI, FUI, workers' compensation insurance, group health insurance, group life insurance, pension and retirement costs, etc
The rewards and services provided to workers in addition to their regular earnings
Work that involves providing guidance and consultation to agencies, employees, former employees, annuitants, survivors, and eligible family members regarding retirement, insurance, health benefits, and injury compensation
Benefits offered to an employee by an employer and usually paid for at least in part by the employer Life, Health and Critical Illness insurance obtained by an employer on a group basis are examples of employee benefits
For budgeting purposes, employee (fringe) benefits are payments by the employer for Social Security, retirement, and group insurance
Amounts paid on behalf of employees by the County in addition to their gross salaries Examples include: group health and life insurance premiums, contributions to Social Security and the Public Employees Retirement System, and payments for Workers' Compensation and Unemployment Insurance programs The total compensation of an employee includes their gross salary and the cost of Employer contributions to fringe benefits
Like most businesses, you want to provide security for your employees This means making sure your work force has the benefit coverage it needs As am employer, you need a comprehensive benefit package to attract and keep the kind of employees that make your company successful Since you need to keep costs in check, you must find a high-quality, cost effective benefit package Simple day-to-day benefit plan administrative is also critical
Amounts paid by an employer on behalf of employees These amounts are not included in the gross salary, but are over and above While not paid directly to employees, they are nevertheless a part of the cost of salaries and benefits Examples are (1) group health or life insurance payments; (2) contributions to employee retirement plans; (3) district share of O A S D I (Social Security) taxes; (4) worker's compensation payments