Employee Benefits

The employee benefits you offer can be a deciding factor for a potential employee’s decision to work at your business, but it should also play an important role when looking at your risks. Employees are very well protected by law and may have certain rights you might not be aware of.

There are two types of employee benefits, those the employer must provide by law and those the employer offers as an option to compensate.Examples of required benefits include social security and workers’ compensation, while optional benefits include health care insurance coverage, long term sickness insurance and retirement benefits.

Both required and optional benefits have legal and tax implications for the employer which, in most cases, benefit the company.

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