Benefits are any form of compensation that isn't part of an employee's base pay and isn't tied directly to job requirements or performance levels. Specific employee benefits today take a multitude of forms – from the basics that you find in every benefits package (Social Security, workers' compensation and unemployment insurance) to highly specialized offerings such as tuition reimbursement, child- or elder-care assistance and in-house concierge services. Precisely which benefits you offer and what portion of your payroll expense goes to pay for these services will depend on your firm's financial health, competition for talent within the legal field in your region and your strategic business plan. |