Benefits and Compensation

Benefits and compensation refer to the overall package an employee receives for their work. Compensation includes salary or wages—money paid regularly for their job. Benefits are additional perks like health insurance, retirement plans, paid time off, or other services that support well-being and job satisfaction. Together, they motivate employees, ensure financial security, and promote loyalty. Employers offer these packages to attract skilled workers, reward performance, and maintain a productive, satisfied workforce. The combination varies by company and position but aims to provide fair, competitive, and supportive employment terms.