1. Benefit Management
Employee benefits are a crucial aspect to attract,
retain and engage talent. In this presentation, we
will explore the ins and outs of benefit
management.
#thodi si knowledge
Pooja Tiwari

2. Health & Wellness
• Group Health , Term and
Accidental Insurance
• Health Check-ups (OPD)
• Dental, Vision care, & other
vaccinations
• Maternity Benefits
• Mental Wellness / Support
• Therapy and Counselling
Sessions
• Child Care
• Awareness Program
Benefits designed
to keep employees
and their family
healthy
Work Perks
• Club memberships (Gymkhana
club, Health club, Sports Clubs,
Holiday Clubs)
• High valued & High confirgation
Assets
• Tenure base perks
• Professional development
Programs
• Company house/
Accommodation Facilities
• Company car facilities
• Discounts on company products
Non-monetary or
discount benefits that
provide an enhanced
employee experience
Financial Protection
Financial security
benefits for retirement
or post leaving the
company.
Work Life Balance
• Flexi working hours
• Company Transportation
• Parking Facilities
• Cafeteria/ Meal Facilities (Free
or subsidies rate)
• Allowances (Overtime, Skill)
• Rewards & Recognitions
(Kudos, Performance base,
loyalty base)
• Leaves and Holidays (as per
applicable law & as per best
practices)
Benefits addressing
the employee work
life balance
Types of Employee Benefits
• Provident Fund
• Gratuity
• Leave Encashment
• Post Retirement Medical
benefits
• Loans & flexi return facility
• Bereavement funds

3. Employee Benefit Implementation Strategies
Know Your Employees
Understand your employees’ needs and preferences to
pick the right benefits that add value and increase
engagement
Retention
Use employee benefit programs to retain high-
performing employees and attract new on.
Engagement
Encourage and promote company culture that supports
employee growth, motivation, and productivity.
Effective Communication
Present the benefits package in a clear and easy to
understand way to help employees make informed
decisions.

4. How to Measure the Success of Employee Benefits?
Financial Metrics
Calculate the cost of employee
benefits per employee using
metrics such as benefit costs per
full-time employee or benefit costs
as a percentage of total payroll.
Retention Metrics
Monitor retention rate and
turnover ratio of employees
to understand if the
benefits are effective in
retaining employees.
Engagement Metrics
Analyze employee enrolment in the
offered benefits and surveys to
understand the relevance, usefulness,
and satisfaction of these benefits.
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5. Creating a custom benefits package
Every company is unique, and so are their employees' needs. A custom benefits package can be created to fit each
company's unique culture and employee’s requirements. This will help create a happier and engaged workforce

6. The Future of Benefit Management?
With the shift to remote work and changing employee needs, benefit management needs to adapt. It can
be challenging to keep up with diverse employee preferences, but it is essential for employee retention and
engagement. As the working world evolves, benefit management will continue to play a critical role in
attracting and retaining top talent.
• Digitization of all the benefits
• Focus on Gig / Independent/ Project base workforce benefits
• Voluntary benefits, Short term benefits and total wellbeing
• Bundling of Benefits
#thodi si knowledge
Pooja Tiwari