International Employment: The word “employee benefits” refers to non-wage compensation given to employees in addition to salary or wages. This can comprise a broad range of benefits comprising social security benefits, medical care, retirement and death benefits, sickness benefits, long-term care, child care, tuition fees, housing stipends, company cars, profit-sharing, share-options, termination indemnities, relocation assistance, and shopping discounts.
Benefits might be financed by employer and or employee contributions. Some employers present cafeteria plans that give employees the option of selecting from a menu of benefits. The benefits given in each country will depend on local taxation, social security and labor rule.