Non-traditional versus Traditional Employee Benefits

What is Non-traditional versus Traditional Employee Benefits?

  
‘Non-traditional versus Traditional Employee Benefits’ is a difference between the additional benefits provided to an employee earlier versus the newer benefits.
 
The traditional benefits include those benefits which have been provided traditionally to employees. However, with the changing job landscape and with the advent of the millennials in the workplace, the definition of benefits have changed a lot.
 
The traditional benefits mostly included medical and life insurance covers, private pension covers, etc. However, the non-traditional benefits include investment options, childcare, gym memberships etc. The companies nowadays try to maintain a balance between both the kinds of benefits depending on the targeted age group of the candidate for the vacant position.

More HR Terms

Benchmarking

What is Benchmarking?   ‘Benchmarking’ is the concept of measuring something against a set of standard metrics to set a base score. Benchmarks can be

Industrial and Organisational Psychology

What is Industrial and Organisational Psychology?   ‘Industrial and Organisational Psychology’ is the study of human psychology dealing with the behavior of employees in the

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’