What are the types of employee benefits?

Employee benefits can be divided into:

1. National welfare: a welfare undertaking organized nationwide for social members.

2. Local welfare: welfare undertakings for residents in a certain area.

3. Family welfare: welfare undertakings agreed for family members within the family.

Employee benefits generally include health insurance, paid holidays or pensions. These awards are awarded to individual employees or groups of employees as part of the benefits of enterprise members. Welfare must be regarded as a part of total salary, which is one of the important aspects of human resources strategic decision.

Extended data:

Employee welfare increases the company's expenses, but if it is done well, it will be of great benefit to both the company and employees. According to the principle of employee welfare, if employees think that management cares about them, then as a person, not just an employee, employees will be more committed to the work assigned by the company. Other forms of welfare will help employees bear the economic burden, while welfare activities will break the monotonous work.

Employees who feel appreciated will be more satisfied and efficient. This can not only improve productivity, but also meet the needs of customers, thus improving the profitability of the company. A satisfied employee will not look for other job opportunities, so the company will retain the best talents and the employee turnover rate is low.

During the employment period, the benefits provided will determine whether employees are loyal to the company. Therefore, good employee benefits enable the company to compete with other companies to recruit and retain high-quality talents.