Definition
Benefits: Benefits like housing and family education allowances directly paid by employer plus bonuses and gratuities (year end and seasonal bonuses, profits sharing bonuses) plus payment in kind (directly paid by employer).
Goods and services provided to employees free of charges or at reduced cost by the employer including: Contribution to retirement funds, provident funds, pension, compensation for work related injuries plus cost of education, recreational and related facilities plus contribution to employees insurance and cost of medical and health services provided to employees.