Employee benefits are non-cash, non-tangible compensation provided to employees. Employees receive these benefits in addition to their salaries and pay. They're also known as fringe benefits, and they're used to entice and keep personnel.
Employees adore perks. They want to be appreciated and recognised for their efforts. Many people apply for jobs based on the perks and rewards that the firm provides.
Employee satisfaction is inextricably linked to job satisfaction. Ignoring employee satisfaction will lead to a loss of commitment in the long run. As a result, there is a loss of drive, efficiency, and, ultimately, production.
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