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Employee discounts are special perks or benefits employers offer their employees, allowing them to purchase goods and services at discounted rates. Employee discounts can be offered on various products and services, including clothing, electronics, travel, and entertainment.
Oct 7, 2021 · Supplementary benefits, also known as fringe benefits, are those benefits that an employer can offer their staff but legally do not have to. Mandatory employee benefits The mandatory benefits, also known as statutory benefits, are benefits that all employers must provide to their employees as governed by the provincial employment standards act.
- Pension and Retirement Plans
- Healthcare and Dental Benefits
- Paid Time Off
- Child and Dependent Care Benefits
- Life Insurance
- Disability Insurance
Pension and retirement plansare employee benefits that help employees save for retirement. There are two types of retirement plans: defined benefit and defined contribution. Defined benefit plans provide a source of income for retirees that is typically based on their years of service and salary history. This income is paid out in regular monthly p...
An employee benefit that helps pay for medical expenses is health insurance. Health insurance plans vary in terms of the services covered, the deductibles and copayments required and the premiums charged. Health insurance plans can be offered by employers, health insurance companies or the government. There are several different types of health ins...
Paid time off (PTO) is leave that is provided to employees at no cost to the employee. PTO can be used for vacation, sick days, personal days or other purposes. Employers may offer PTO as a benefitto attract and retain employees. PTO can also help employees manage their work-life balance. The federal Family and Medical Leave Act (FMLA) allows emplo...
Employee benefits sometimes help cover the costs of child and dependent care. Child and dependent care benefits may be provided as part of a group health plan or as a separate employee benefit. These benefits can help employees with the costs of daycare, babysitters and other child care expenses. Employers often offer child and dependent care benef...
Life insuranceis a type of insurance that provides financial assistance to the beneficiaries of an employee who dies. Life insurance benefits may cover the cost of funeral expenses, debts and other final expenses. To qualify for life insurance, employees must be enrolled in their employer’s life insurance plan. Life insurance benefits are typically...
Disability insurance is a type of insurance that provides financial assistance to employees who are unable to work because of a serious injury or illness. Disability insurance pays workers a percentage of their paychecks, helping them remain financially stable until they can return to their jobs. To qualify for disability insurance, employees mus...
Employee discount programs offer various benefits for both employees and employers. For employees, these programs provide an opportunity to save money on everyday purchases and special treats. This can lead to increased job satisfaction and help attract and retain talent.
- Bass Pro Shops. Working at Bass Pro Shops comes with a host of benefits beyond employee discounts, like paid vacation and up to $1,000 in a health savings account.
- Cabela’s. The outdoor and recreational merchandise company also offers a substantial discount to its employees. They receive a 45% employee discount on all Cabela’s branded merchandise and a 15% discount on all other brands.
- Chili’s. Chili’s offers free meals to its workers during shifts and discounted meals during off hours. You’ll get access to discounts on clothes, movie tickets, cell phones and child care, too.
- Chipotle. Workers at Chipotle score one free meal for every shift they work, plus they get 50% off all menu items at their home restaurant during non-shift hours.
An excellent employee discount program that offers staff members savings opportunities in categories that make sense is just one of the many perks you can offer to support employee loyalty. Employees may be more likely to stay with an employer if they feel they are receiving added value beyond their salary.
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Aug 15, 2024 · 12 perks that provide deals or discounts Offering employees access to deals or discounts at partner companies or businesses can also be a great incentive. Companies may try offering: Employee discount: This incentive allows employees to receive discounts on all company products and services.
