Starting a business or business requires too many things like basic industry knowledge, funding sources, legal certification, etc. as well as competent employees or human resources. From SMEs to large companies, everyone needs good employees to see their business grow. Good employees are the company's invaluable asset. Companies offer employee benefits in terms of health insurance policies or life insurance as a token of gratitude for the worker's efforts. It also helps business owners attract new, productive workers. Definition of “Employee Benefits”: Employee benefits are like a package of fringe benefits for employees. This helps them plan for accidents like getting hurt or sick. It also helps elderly employees as a source of income to cover daily expenses. Definition of “Employer Benefits”: It is a very effective and useful package of fringe benefits offered by employers to productive employees. This helps attract new employees and be a favorite among loyal staff. A social benefit includes:1. Pension: In terms of defined contribution pension, ...