Employee benefits constitute an indirect form of compensation intended to improve the quality of the work lives and the personal lives of employees.

Question

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Employee benefits are intentional perks and incentives provided by an employer to employees in addition to their regular salary or wages. The primary goal of providing benefits is to enhance the welfare, work-life balance, and job satisfaction of employees. These benefits can take numerous forms ranging from medical, dental, and life insurance to flexible work hours, vacation leave, and retirement savings plans.

Employee Benefits Constitute an Indirect Form of Compensation Intended to Improve