Presenter

Anil Bajpai(M202103)
Harish Rajpal(M202111)
 What are benefits?
The U.S. Department of Labor’s Bureau of Labor Statistics defines
 benefits as “non-wage compensation provided to employees,”
and groups benefits into five categories:
 paid leave
 supplementary pay (premium pay for overtime and work on
holidays and weekends, shift differentials, nonproduction
bonuses)
 retirement (defined benefit and defined contribution plans);
 insurance
 legally required benefits (Social Security and Medicare, Federal
and State unemployment insurance taxes, and workers’
compensation).
 What are perks?
Cambridge Dictionary defines perk as
“an advantage or something extra, such
as money or goods, that you are given
because of your job.”
E.g. paid gym memberships, free in-
office lunches, etc
In simple words….. 
Benefits are items that employees truly need, items that
employees would have to pay out-of-pocket for if it were not
for assistance from their employer. 

Perks fall more into the category of wants. These are

items that employees love and value in the workplace, but that
they could technically do without.
 Why are perks and benefits
given?   the most talented employees.
To attract
 To Minimize employee turnaround
 To keep a healthy workforce
 To boost employee productivity
 To enjoy better work morale
 Major Employee Benefits and Perks offered
in Corporate sector
1. Insurance Plan

The organization pays specific amounts of money

to cover an employee’s medical care. These
include insurance for losses from accidents,
sudden death, dismemberment. Other types of
medical care involve dental checkups, biometric
screening, etc.
 Major Employee Benefits and Perks offered
in Corporate sector …..
2. Disability Insurance
The employer pays for the worker’s salary if the
worker becomes disabled or is unable to work. An
employer can provide either short-term or long-
term disability insurance depending on the needs
of the employee.
Short-term covers for the employee for up to 6
months while long-term covers a worker’s
lifetime’s salary.
 Major Employee Benefits and Perks offered
in Corporate sector …..
3. Tuition Reimbursement
Organizations offering employees to pay back for
their education expenses is an excellent employee
benefits idea. Employees have to pay on their own
before taking up a course. But once the system
gets over, the employer decides to pay either a part
or the full amount for the course.
 Major Employee Benefits and Perks offered
in Corporate sector …..
4. Corporate Discounts

Refers to the discounts offered to employees on

the original price of goods or services by the
employer. These are discounts that are developed
exclusively for corporate employees. Companies
also use this method to test their products
internally before launching them to the market.
 Major Employee Benefits and Perks offered
in Corporate sector …..
5. Paid Vacation
These are benefits where an employee is paid even
when he takes time off from work. An extension of
this benefit is providing unlimited vacation. Many
companies providing this benefit have seen it be
the most popular benefit among their employees.
And employees also tend to take almost the same
amount of vacations as they used to earlier.
 Major Employee Benefits and Perks offered
in Corporate sector …..
6. Retirement Plans
A great employee benefits idea to add to employee
compensation package is providing its full-time
employees with financial security. These are done
through various methods like pension plans and
more.
 Major Employee Benefits and Perks offered
in Corporate sector …..
7. Paid Sick Leaves

Taking care of employees health is important.

When employees will be weak but still have to
work, it will directly affect their productivity and
efficiency. So creating a policy where employees
can avail paid sick leaves is a great way to show
that company cares for its employees’ well-being.
 Major Employee Benefits and Perks offered
in Corporate sector …..
8. Performance Bonus

Everyone wants to and loves being appreciated.

And when Employer understand employees for
their hard work and achievements, they continue
to perform well. Rewarding them for their
performance motivates and encourages them to
achieve goals more effectively..
 Major Employee Benefits and Perks offered
in Corporate sector …..
9. Office Perks

Organizations now try to merge both work and life

together. They give out perks designed to make the
office fun and joyous. Some of these perks involve
having board games at work, nap rooms, free food.
 Major Employee Benefits and Perks offered
in Corporate sector …..
10. Stock Options

The company offers the employee the right to buy

shares in the company at an agreed-upon price by
a particular date. This price is generally lower than
the market. This helps employees have ownership
over something that they are working to build too.
It makes them feel as one with the organization.
 Major Employee Benefits and Perks offered
in Corporate sector …..
11. Paid Parental Leaves

It’s providing paid time off to employees to take

care of their child or a family member. Parental
leaves can be in the form of paternity leaves,
maternity leaves or even adoption.
 Major Employee Benefits and Perks offered
in Corporate sector …..
12. Childcare Facilities

It is a type of child care sponsored or managed by

an employer. The employer usually provides
working parents the privilege to find work-life
balance. Some ways are through company
provided child care spaces, covering or sharing the
expenses of the child with the parents.
 Major Employee Benefits and Perks offered
in Corporate sector …..
13. Wellness Programs

Wellness programs are initiated by the company to

encourage employees to maintain a 
healthy lifestyle. These include programs such as
gym memberships, weight-loss competition,
smoking cessation, health screenings.
 Major Employee Benefits and Perks offered
in Corporate sector …..
14. Employee Training
Another great way to retain talented employees is
by letting them grow. Provide them with the
resources and the capital required to undertake
training courses to enhance their skills. Some
ways are by paying them to attend lectures and
conferences, e-learning methods and more.
 Major Employee Benefits and Perks offered
in Corporate sector …..
15. Profit-Sharing
It is a compensation program to award eligible
employees a share of the company’s profits. The
company contributes a portion of its pre-tax profits
to a pool that gets distributed among eligible
employees. This motivates employees to work
towards increasing the profitability of the
company. It also enhances commitment to
organizational goals.
Benefits and Perks
after Covid 19
 Companies doing an amazing Job by taking
care of their Employees in tough times after
Covid 19
1. Borosil
The company announced that if any of their
employees die of COVID, the families will be
given 2 years of salary. Moreover, the company
will also pay for the education of their children in
India up to graduation.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..
2. Amazon
The company is giving 14 days special paid
leave to its employees who test positive for
coronavirus and who need to take care of a
COVID +ve patient at home. They are also
providing assistance in setting up ICU at
homes along with other benefits.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..
3. TCS
TCS has set up Covid Care Centers across 11
cities in India and has also made
arrangements with hotels that have hospital
tie-ups. Employees and their families can
avail emergency medical financial assistance
here. Employees are also given paid
quarantine leaves and 24/7 helpdesk, among
other benefits.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..
4. Capgemini
The global consultancy firm is covering the
cost of COVID vaccines of all eligible
employees and their dependents in strict
accordance with government protocols.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..
5. Paytm
The company will continue to pay salaries to
the deceased employees during the current
financial year. It will also make arrangements
to offer employment opportunities to the
family members of deceased employees.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..

6. Urban Company
The company has set up a Covid-19 Relief
Fund to provide medical assistance and
bereavement support to the company’s
service partners and their families.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..

7. IBM
The company has a dedicated health line
where IBMers in India who are isolating at
home can receive medical care and
consultations from medical professionals.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..

8. Zomato
The food delivery platform has said that it
would provide 100% of the deceased
employee’s income for two years to their
family.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..

9. Flipkart
The e-commerce giant is providing free
vaccinations to employees and five of their
dependents each.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..

10. StanPlus
The ambulance services company is
providing free quarantine facilities and
emergency medical services to its staff. They
are not counting quarantine leaves towards
sick leaves and the employees can take a
leave any time they feel overwhelmed by the
situation.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..

11. InfoEdge
The company has not laid off people on
account of COVID-19 and has not made any
pay cuts either. To curb the aftermath of the
pandemic, InfoEdge has opted for remote
working methods and offers assistance to
make this shift seamless for the employees.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..
12. HCL
It offers Compassionate Assistance
Allowance, a lump sum amount given to the
deceased’s family to manage their expenses,
Child Education Support, to help their school-
going children continue their education. HCL
has also come forward with employment
opportunities for unemployed spouses or
children who are 18 & above based on their
education, and skills.

.
 Companies doing an amazing Job by taking care of
their Employees in tough times after Covid 19…..
13. Reliance Industries Ltd
 To support the families of their employees
who lost the battle with COVID-19, Reliance
Industries has offered 5 years’ salary to the
nominee and childcare support to shoulder
the education of their children.
 The company will also cover the tuition
costs, hostel accommodation, and books
for all of the employee's children up to
graduation at any institute in India under
the Reliance Family Support and Welfare
Scheme.