Benefits refer to various non-wage compensations and perks provided to employees by employers in addition to their regular salary. These benefits are designed to enhance the overall employee experience, promote well-being, and provide additional value beyond monetary compensation.

Benefits can take many forms and may include healthcare coverage, retirement plans, paid time off, insurance policies, employee assistance programs, wellness programs, educational assistance, and more. They are intended to attract and retain talented employees, promote work-life balance, and support the overall welfare of the workforce.

Example: 
An example of benefits provided by an employer may include health insurance coverage, where the employer pays a portion or the entire cost of medical, dental, and vision insurance for employees and their dependents. Another example could be a retirement plan, such as a 401(k) plan, where the employer offers a contribution matching program to help employees save for their future.

Additionally, companies may offer paid vacation days, flexible work schedules, gym memberships, and professional development opportunities as part of their benefits package. These benefits not only contribute to the overall well-being of employees but also help attract and retain top talent in the competitive job market.