Compensation and Benefit Systems
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(750 words)
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enefits, also referred to as fringe benefits, can be classified in a wide gap, ranging from retirement plans, life insurance, company motor vehicle, vacation, training prospects, housing allowances, wellness programs, leave donation, sick leaves among others.... On the other hand, benefits are all other financial and non-financial rewards that accrue to the employee.... On the other hand, benefits are all other financial and non-financial rewards that accrue to the employee though they might not necessarily be paid directly to him or her....