Non Traditional Versus Traditional Employee Benefits
Definition:
Non - Traditional Employee Benefits include different types of life management benefits such as elder and child care counselling and EAPs; whereas Traditional Employee Benefits include, disability, health and retirement benefits.
Traditional Benefits
- Paid vacation days
- Profit sharing- Bonuses
- Transportation reimbursement
- Retirement plan
Non Traditional Benefits
- Banking discounts: Waived minimum balance, lower interest rates for loans.
- Dry cleaning pickup
- Legal referral programs and discounts
- On site Childcare
Part of speech:
noun
Use in a sentence:
There is a difference between non traditional and traditional employee benefits.
