What do you understand by perks and benefits? Well, sometimes the two terms are used interchangeably but here is a distinct definition of the two to help you understand. • Benefits Also referred to as Employee benefits, can be identified as a way of compensation besides the normal salaries and wages. If benefits were not offered by the employers, most employees would have to fund themselves. • Perks Also referred to as corporate perks or perquisites, these are additions to the salary and benefits awarded to an employee. Basically, they are offered to motivate the employee to choose one employer over the other.   Some of the top 5 benefits offered by employees include the following: #1. Health Care  Some of the benefits under the health care provisions include vision, dental, life insurance for the employee and the whole family. It is the most important benefit since most employees spend a lot of time working in the office. #2. Paid Leave Employee’s value paid leave whether it is for bereavement, illness or vacation. It is a good way to reduce employee burnout. The standard time for paid leave is two weeks but three or more would definitely be more interesting. #3. Retirement Savings Plan A 401k with tax advantages is an excellent motivation for employees to save more money. Employers who offer to match the contributions to a certain amount can count on more employees sticking around. #4. Maternity Or Paternity Leave Employees need to be reassured that they...

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