techology

part of a business which serves to enhance its image

Public Relations

extra incentives given to employees by companies

Employee Benefits

private company specializing in health insurance

Health Insurer

involves the company paying money to a health insurer; requires the

health insurer to pay medical costs if employees become sick or are

involved in an accident

Health Insurance

involves an insurer paying a sum of money upon the insured’s death to a

selected individual known as the designated beneficiary

Life Insurance

individual who will receive money upon an insured event such as the death of the

insured party

Designated Beneficiary

no taxes must be paid on money spent or earned

Tax Exempt

form of benefit in which an employer arranges to help an employee plan

and start an account for retirement

Retirement Plans

type of retirement plan which involves an individual investing a large sum of

money; allow the investor to receive small annual payments over time

Annuities

type of employer-sponsored retirement plan which allows workers to save

for retirement without paying income taxes on the saved money until it is

withdrawn

401k

employer gives employees the option of purchasing stock in the

company

Stock Options

fragments of ownership of a company which can be traded on stock exchanges

such as the New York Stock Exchange or the NASDAQ

Stock

allows employees to earn income based on how well the company performs

Profit Sharing

offers reimbursements, or payments, to employees who have to

pay for childcare while they work

Dependent Care

gives employees money and the help needed to relocate to a new office

Relocation Assistance

pays employees back for expenses they have accumulated during work

time

Business Travel Expense Reimbursement

benefit which can give an employee money if they are unable to work due to

illness or injury

Disability Coverage

protects the owners of a company from being sued as part of lawsuits

directed at the company

Director Liability Insurance

payments paid all at one time, not small amounts spread out over a few years

Lump Sum Payments

take an amount of money from each paycheck and place it into a

flexible spending account; employee decides how much money will be

placed into the FSA

Flexible Spending Accounts

benefit where employers offer employees a choice of benefits, such as

health care, dental care and life insurance

Cafeteria Plans

required benefit offered by all employers in the United States; gives employees

medical benefits if they are injured on the job

Workers Compensation

not really useful enough to be considered “employee benefits,” but are still good

for recruiting employees, such as car washes or product discounts

Employee Perks