Final answer:
Employee benefits include retirement plans, insurance, contributions to social insurance programs like Social Security and Medicare, and additional perks like supplemental pay and professional development opportunities.
Step-by-step explanation:
Examples of Employee Benefits
Employees may receive a variety of benefits from their employers as part of their total compensation. These benefits often include retirement plans, such as Defined Benefit pensions and Defined Contribution plans like 401(k)s. Employers also contribute to social insurance programs like Social Security and Medicare, which provide income and health care benefits to retirees. These programs function as retirement insurance, ensuring seniors receive support.
In addition to retirement savings, employers may offer various types of insurance, which could include health, dental, vision, life, and disability coverage. Furthermore, some companies provide unemployment and worker's compensation insurance, which protect employees in case of job loss or workplace injuries.
Finally, additional employee benefits might include supplemental pay, education assistance, professional development opportunities, and more. These offerings contribute to the overall well-being and financial security of employees during and beyond their working years.