Nonfinancial rewards designed to enrich employees' lives are referred to as ________.

Question

Quizplus · Accepted Answer

Employee benefits are nonfinancial rewards that are designed to enrich employees' lives. These may include health insurance, retirement plans, paid time off, and other perks that are meant to improve employee well-being and quality of life. Indirect compensation and direct compensation both refer to financial rewards, and out-of-pocket benefits and entitlement incentives are not commonly used terms in the context of employee rewards and benefits.

Nonfinancial Rewards Designed to Enrich Employees' Lives Are Referred to as ________