Benefit

Employee benefits are various non-wage compensations provided to employees in addition to their normal wages or salaries. Fringe benefits can also include but are not limited to: group insurance (health insurance, dental insurance, life insurance, disability insurance), income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation, social security, profit sharing, funding of education, and other specialized benefits. The purpose of the benefits is to increase the economic security of employees.

Benefits

Benefits are non-wage compensations provided to employees in addition to their normal wages or salaries. Fringe benefits can also include but are not limited to: group insurance (health insurance, dental insurance, life insurance, disability insurance), income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation, social security, profit sharing, funding of education, and other specialized benefits. The purpose of the benefits is to increase the economic security of employees.

Insurance

Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.