Saturday, March 21, 2009

Benefits to employees

Fringe benefits- Side/Add-on benefits given to employees by employers
Provident Fund- Amount given by employee and employer in equal amount and withdrawn after completing/resigning from service
Pension scheme-Paying a fixed amount to employee after retirement.Also paid to dependents after employee's death
Gratuity-Amount given after termination/resignation of service.Given only after completing five years of service. One months salary for every year completed is given
Insurance benefits- Benefits given to employees and their dependents(wife/young children)for medical treatment on disablement(handicapped during accident),maternity etc.

Fringe benefits are long term benefits

Fringe benefits are given to all

Fringe benefit given to all employees (not only to best employees)without considering productivity

Students send in your doubts on Non-financial incentives

You are all intelligent! Let us use this intelligence and grow! You can do that!

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