Types Of Employee Benefits In India

Are you an employer wondering what type of benefits you are obligated to provide to employees? India has a well-defined body of laws that relates to employees and statutory benefits. Primarily, these deal with gratuity, provident fund, insurance, and leaves including maternity leave.

In addition to the statutory benefits, employers provide additional benefits like reimbursement of internet charges, transportation allowance, meal vouchers, paid holidays, etc. to attract talent. In a competitive talent pool wherein the pay range is similar because no one wants to lose out on talent, employee benefits create an edge for employers. Employee benefits are often seen as a sign that an employer wants to create a work environment that caters to the needs of the employees.