employee benefit

employee benefit
employee benefit UK US noun [C]
HR an advantage such as a pension plan, health insurance, or a car, that a company offers to employees in addition to their pay: »

The company has no intention of cutting back parental leave benefits, flextime, and other employee benefits.


an employee benefit plan/program

Financial and business terms. 2012.

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Look at other dictionaries:

  • Employee benefit — Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, perqs or perks) are various non wage compensations provided to employees in addition to their normal wages or salaries. Where an… …   Wikipedia

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  • employee benefit plan — USA Either an employee pension benefit plan or an employee welfare benefit plan or a plan which is both. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • employee benefit trust — Employee share ownership Trusts (ESOT s) are based on an Employee Benefits Trust (EBT). They are established by a company, the beneficiaries being directors and employees of the company. The ESOP is used a vehicle for acquiring and storing shares …   Law dictionary

  • employee benefit — noun A non wage compensation provided to an employee in addition to his normal wage or salary. Syn: benefit in kind, fringe benefit, perquisite …   Wiktionary

  • Certified Employee Benefit Specialist — A professional designation available in both the United States and Canada that indicates a human resource professional s expertise in employee benefits. The program is overseen by the Wharton School of Business at the University of Pennsylvania… …   Investment dictionary

  • Employee assistance programs — (EAPs) are employee benefit programs offered by many employers, typically in conjunction with a health insurance plan. EAPs are intended to help employees deal with personal problems that might adversely impact their work performance, health, and …   Wikipedia

  • Employee ownership — occurs when a corporation is owned in whole or in part by its employees. Employees are usually given a share of the corporation after a certain length of employment or they can buy shares at any time. A corporation owned entirely by its employees …   Wikipedia

  • employee pension benefit plan — USA A plan, fund or program established or maintained by an employer, an employee organization or both. An employee benefit plan, by its express terms or as a result of surrounding circumstances, either: • Provides retirement income to employees …   Law dictionary

  • benefit in kind — ˌbenefit in ˈkind noun benefits in kind PLURALFORM [countable] HUMAN RESOURCES something other than money, for example free meals or a company car, that an employer gives to a worker in addition to their normal pay: • All benefits in kind are now …   Financial and business terms

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