What are the employee benefits?

In recent years, with the frequent occurrence of labor conflicts, employee welfare has gradually evolved into one of the focuses of enterprises. Although employee benefits only account for a small part of the enterprise budget, good employee benefits are an important weight for enterprises to retain and attract talents, which can help enterprises improve employee well-being and reduce employee turnover rate, thus achieving twice the result with half the effort.

I. Types of employee benefits

Employee benefits can be divided into national statutory benefits and enterprise independent benefits.

-National statutory benefits

National statutory welfare is a compulsory welfare required by the state to be provided by enterprises, which mainly includes social insurance, statutory holidays, housing accumulation fund and so on. At present, most enterprises provide employees with statutory benefits to varying degrees, among which endowment insurance accounts for the largest proportion, followed by medical insurance, and the proportion of providing statutory housing provident fund and enjoying statutory holidays is slightly lower.

-Enterprise independent welfare

Independent welfare of enterprises is divorced from laws and regulations. The selective benefits provided by enterprises to employees according to their own conditions will be affected by factors such as the operating conditions of enterprises, management mechanism, overall quality of employees, and management concepts of managers. The employee welfare policy of each enterprise is closely related to the actual situation of the enterprise, which is different from each other.

Second, the form of employee benefits.

-monetary form: mainly concentrated in housing, transportation, communication, food and so on. Some enterprises also provide holiday subsidies for employees.

-Material forms: such as cultural and sports facilities, free working meals, birthday and holiday gifts, free staff quarters and other material benefits.

-Service forms: mainly tourism, physical examination, consulting services (psychological and legal consultation), training and academic education.

Third, implement employee benefits.

-Subsidies: lunch subsidies, communication subsidies, housing subsidies, travel subsidies, enterprise annuities, etc.

-Health category: employee physical examination, commercial supplementary insurance, immediate family physical examination, immediate family supplementary insurance, EAP, etc.

-Gifts: New Year's Day gifts, anniversary gifts, event gifts, etc.

-Activities: dinner, tea break, family day, group building, festivals, etc.

-Training category: employee motivation, promotion and training, value-added training, overseas assignment opportunities, etc.

Enterprise employee welfare can make enterprises stand out in the talent competition, reduce the turnover rate, thus reducing the cost of human resources and promoting the core competitiveness of enterprises. The more humanized welfare management is, the more satisfied employees are, and the more cohesive employees are, and finally the core goal of enterprise income generation and growth is realized.

Enterprises should not only pay attention to talents verbally, but also pay attention to talents from every detail of talent life cycle, such as interview selection, induction training, daily work, late performance appraisal and promotion training. Among them, employee welfare is undoubtedly the most obvious reward for employees' perception in the whole process.