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What are the "Traditional Employee Benefits" and "Non-Traditional Employee Benefits"?

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تم إضافة السؤال من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
تاريخ النشر: 2015/01/11
Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Traditional employee benefits:Includes the standard offerings of a compensation package like-

  1. Health insurance

  2. Retirement plan

  3. Profit sharing- Bonuses

  4. Housing

 

Non-traditional employee benefits: Unique and innovative employee benefits offered by a company.

  1. Childcare assistance

  2. Workplace benefits including access to healthy food and on-site sports facilities

 

Ahmed Mohamed Ayesh Sarkhi
من قبل Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

traditional:

1- encereas salary

2- health

3- training

4- housing

5- some times transportaion

 

Non- traditional:-

1- care family

2- make sport room in company

 

Irina Chepel
من قبل Irina Chepel , Personal trainer , Freelancer

traditional: 

salary

insuarance

housing

transportation

sick leave

annual leave

 

Non-traditional:

unlimited vacation

work from home

gym, massage etc

 

Gilbert peng
من قبل Gilbert peng , general manager , peng global investment

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Elke Woofter
من قبل Elke Woofter , Project Assistant , American Technical Associates

I do agree with Mr. Divyesh Patel and Ms. Irena Cepel... I would like to add relocation benefits 

Krishnamurthy Vembu
من قبل Krishnamurthy Vembu , Vice President, Human Resources , One of India's largest retail businesses

Traditional benefits (those that are given to their employees by most organizations): 

1. Accident insurance

2. House rent allowance (but now-a-days, this component is included as part of the CTC, therefore I think  this may not qualify as a benefit)

3. Transportation to and fro from home to office

4. Sick leave, Annual leave, casual leave - IN EXCESS of what is prescribed by the law in each country. For example, if the law says that you need to provide30 days of annual leave, but the company provides35, then it's an actual benefit. Otherwise, it is not. Salary is not a benefit - it is a price for the time and effort and knowledge and skill that the employee brings in, and employs for the company.

5. Accumulation leave - Unused leave may be accumulated and encashed when the person leaves.... there's no law that prescribes how many days one should give, and this is flexible from one organization to another. Some companies allow higher limits, and therefore benefits the employee.

6. Company car for senior people

7. Extra fuel and maintenance benefits, car buy-back as per scheme as per policy (as per written down value)

8. Company paid phone and simcard.

 

Non-traditional benefits (those that are not provided by most, but provided flexibly by each organization:

1. Life insurance for employees

2. Rewards for performance - through company paid holiday etc for employee and family, instant reward schemes for high performance, etc.

3. Flexible working hours

4. Gym, sports complex, etc.

5. Team outings every year - to motivate employees, and also build bonding within teams.

6. Higher vacation support

7. Higher education support to motivate employees who want to study at company cost

8. Annual Family Day events, kid's day events, events organized for occasions like Christmas, Id, Diwali, International Women's day, etc.

9. Company paid uniforms

etc...

Hope the above helps.

Regards

Krish

 

 

Mukesh Varadhan
من قبل Mukesh Varadhan , Administration Manager , M/s. Triton Health Care

Agree with the answers from Mr. Ahmed and Mr. Divyesh. 

Saiful Islam Hiron
من قبل Saiful Islam Hiron , Site HR Manager , Handicap International

Agree with Patel and Chapel for good answering.

Rana Riaz Ahmad
من قبل Rana Riaz Ahmad , Group Human Resource Office- Talent Management , Al Mansouri 3B Group

cafeteria benefits termed as non-traditional compensation .

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