| Employee benefits plans are part of the basic | | | | completion of a probation period. These benefits |
| employee welfare programs implemented by | | | | form the part of any company?s policy and are |
| employers. They aim to fulfill the basic needs of | | | | communicated to the employee in writing. |
| employees. These employee benefit plans include | | | | The insurance companies strive to make their |
| various health insurance programs including life, | | | | plans attractive and beneficial for the employees. |
| dental and allied health related benefits, retirement | | | | They conduct regular research on benefits, and |
| benefits, daycare, tuition reimbursement, sick | | | | come up with new ideas to make the plans more |
| leave, disability benefits, paid vacations, social | | | | attractive. These plans are decided considering the |
| security and income protection. | | | | designation, company profile and the number of |
| Various companies provide benefits to the | | | | employees. |
| organizations and employers. Among these | | | | Employee benefit plans also serve as a good |
| benefits, insurance, sick leaves, paid vacations, | | | | marketing strategy for employers. A huge |
| retirement benefits and income protection are | | | | percentage of the payroll of most of the |
| considered to be basic and mandatory benefits. | | | | companies is spent on deciding and investing in the |
| Insurance is the common benefit provided. It | | | | benefit plans. The human resource personnel run a |
| helps in covering the employees in the case of | | | | check on the employee benefit programs offered |
| accidents and help in tax deduction at the same | | | | by the various insurance companies. They refer |
| time. | | | | to the websites providing information regarding |
| An employee is considered to be eligible to enjoy | | | | these plans and select programs that would best |
| the benefits of these welfare plans after the | | | | suit the company?s interest. |
