Definition
Corporate Benefits
Corporate Benefits are additional services, which companies offer their employees in addition to their regular salary in order to satisfaction and motivation to increase.
These additional offers range from financial incentives such as bonuses or Subsidies for sports and health offers up to flexible Working time models or free Continuing education.
The aim is to Work-life balance to improve, retain employees in the long term and increase the attractiveness of the company in competition for skilled workers. Companies benefit from higher employee retention and lower turnover rates.
The range of benefits offered is constantly being expanded and adapted to modern needs. Popular additional services also include Betriebskärten, company car, operational retirement planning or employee discounts. In times of increasing shortage of skilled workers, corporate benefits are becoming more important as a tool for attracting and retaining employees. Many employees now regard such additional benefits as an important factor when choosing a job. For companies, certain benefits can also offer tax benefits. When designing an attractive benefit package, it is important to consider the individual needs and preferences of employees in order to achieve maximum effectiveness.