Programs an employer uses to supplement the cash compensation that employees receive.
Total Rewards Defined
There are five elements of total rewards, each of which includes programs, practices, elements and dimensions that collectively define an organization’s strategy to attract, motivate and retain employees. Roll your mouse over the image on the left to learn more.
Regardless of country, benefits supplement compensation by providing employees with a level of security related specifically to health and welfare,
retirement and time off. Benefits programs may be categorized into income-protection programs and paid time off programs.
Types of Benefits
LegallyRequired/Mandated (varies by country/region)
Unemployment Insurance
Worker’s Compensation Insurance
Social Security Insurance
Medicare
State Disability Insurance (if applicable)
Pay for Time Not Worked
Vacation
Holiday
Sick Leave
Bereavement Leave
Leaves of Absence
(Military, Personal, Medical, Family Medical)
Retirement
Defined Benefit Plan
Defined Contribution Plan
Profit Sharing Plan
Hybrid Plan Referral Bonus
Health & Welfare
Medical Plan
Dental Plan
Vision Plan
Prescription Drug Plan
Flexible Spending Accounts (FSAs)
Health Reimbursement Accounts (HRAs)
Health Savings Accounts (HSAs)
Mental Health Plan
Life Insurance
Spouse/Dependent Life Insurance
AD&D Insurance
Short-Term/Long-Term
Disability Insurance
