GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Life insurance, sick leave, and holiday pay are examples of
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benefits
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employee contributions
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pension plans
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profit sharing
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Explanation:
Detailed explanation-1: -There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.
Detailed explanation-2: -Supplementary employee benefits include medical, accident, life, retirement, business travel insurance, and increasingly EAP. Common employee perks offered include vehicle or transport allowance, meal vouchers or subsidized cafeteria, and reimbursement of internet and mobile phone charges.
Detailed explanation-3: -* Employee Benefit Expenses means expenses incurred on employees. It includes expenses such as salaries and wages, contribution to Provident Fund, staff welfare etc.
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