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Employee Benefits

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  • First Online:
Global Encyclopedia of Public Administration, Public Policy, and Governance

Synonyms

Allowances; Compensation packages; Fringe benefits; Perks; Rewards

Definition

Employee benefits are typically the part of aggregate compensation set, other than salary offered to the employees once or in parts at different times. These are the additional rewards and compensations besides their pay, which are not necessarily in the form of cash but they may include insurances (such as group, health, family, accident), benefits after retirement, sick leaves, vacation, or education funds.

Introduction

Employee benefits are basically any forms of compensations that are offered by the employer organizations in addition to wages and salaries which may be paid once or in parts. These benefits might be paid to the employees together with their salaries or separately at once or sometimes in parts. Employee benefits may be offered to employees on the basis of their performance, demands, and needs, or overall performance, efficiency, and economic growth and sustainability of the...

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Author information

Authors and Affiliations

  1. School of Economics and Management, Beijing University of Chemical Technology, Beijing, China

    Saeed Siyal

  2. Business School, National College of Ireland, Dublin, Ireland

    Thomas Garavan

Authors
  1. Saeed Siyal
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  2. Thomas Garavan
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Corresponding author

Correspondence to Saeed Siyal .

Editor information

Editors and Affiliations

  1. Florida Atlantic University, Boca Raton, FL, USA

    Ali Farazmand

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Siyal, S., Garavan, T. (2020). Employee Benefits. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_361-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_361-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-31816-5

  • Online ISBN: 978-3-319-31816-5

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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