Employee benefits, know them all.
Employee benefits form an integral part of the total compensation package for salaried individuals. In fact, employees in India give top priority to salary and employee benefits over career progression, according to a Randstad (global human resources company) Survey.
It is essential to understand these benefits and make adequate use of it. The most common benefits offered in India are EPF (employee provident fund), VPF (voluntary provident funds), gratuity, medical insurance, life cover, ESOPs (employee stock ownership plan), leave encashment, HRAs (house rent allowance), among others. In our cover story of this edition, we take you through these benefits in detail and explain how to make the most of it. Go on and read about these benefits as you try to integrate these into your overall financial planning and reach your goals.
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