Category: Employee Benefits
Definition: An employee benefit arrangement allowed by IRS Code Section 125,
under which employees are allowed to pay for certain employee
benefits on a pre-tax rather than an after-tax basis.
Definition: In financial terms, the salary and wages you pay to your employees
for the work they do. Other, nonfinancial forms of compensation can
also be offered to attract and retain staff.
Definition: A product or service's customer-oriented strengths; statements of a
valuable product or service feature, with an emphasis on what the
customer gets from the products
Definition: A monetary payment made to an employee over and above their
standard salary or compensation package
Definition: A trust set up by a company to allot some of its stock to its
employees over time. Used as an employee incentive, the plan often
provides tax benefits to the company.
Definition: A pension plan that lets business owners contribute a certain
portion of their profits or a predetermined annual contribution to
a tax-sheltered account, where the funds grow until retirement
Definition: An arrangement to provide people with an income during retirement
when they're no longer earning a steady income from employment