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  2. Employee benefits - Wikipedia

    en.wikipedia.org/wiki/Employee_benefits

    Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401 (k), 403 (b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...

  3. Compensation and benefits - Wikipedia

    en.wikipedia.org/wiki/Compensation_and_benefits

    Compensation and benefits refer to remuneration to employees from employers. Which is the payments or rewards provided to an individual for the work that has been completed. Compensation is the direct monetary payment received for work performed, commonly known as wages. This is the compensation that employees earn for their work or ...

  4. Two-tier system - Wikipedia

    en.wikipedia.org/wiki/Two-tier_system

    Two-tier system. A two-tier system is a type of payroll system in which one group of workers receives lower wages and/or employee benefits than another. [1] The two-tier system of wages is usually established for one of three reasons: The employer wishes to better compensate more senior and ostensibly more experienced and productive workers ...

  5. Cafeteria plan - Wikipedia

    en.wikipedia.org/wiki/Cafeteria_plan

    A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest such plans that allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a cafeteria.

  6. Salary packaging - Wikipedia

    en.wikipedia.org/wiki/Salary_packaging

    v. t. e. Salary packaging (also known as salary sacrifice or salary exchange) is the inclusion of employee benefits (also called fringe benefits) in an employee remuneration package in exchange for giving up part of monetary salary. Such arrangements are entered into most commonly if there are tax or other benefits to be derived by the employer ...

  7. The Other Compensation: Negotiating a Knockout Benefits Package

    www.aol.com/2009/09/02/the-other-compensation...

    by Michelle Goodman You got the job offer, agreed on a starting salary, and now you're on cloud nine. But before you break out the bubbly or call Mom to tell her the good news, take a deep breath ...

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