According to the content of welfare can be divided into:
(1) Statutory welfare: the welfare that the government requires enterprises to provide through legislation, such as social endowment insurance, social unemployment insurance, social medical insurance, industrial injury insurance, maternity insurance, etc.
(2) Enterprise welfare: welfare measures taken by employers to attract talents or stabilize employees. Such as working meals, work clothes, group insurance and so on.
Enterprise benefits vary according to the scope of enjoyment:
(1) Benefits for all employees: benefits that all employees can enjoy, such as working meals, holiday gifts, health check-ups, paid annual leave, bonus gifts, etc.
(2) Welfare for special groups: refers to the welfare enjoyed by special groups, which are often the core personnel of enterprises such as technical experts and management experts who have made special contributions to enterprises. The welfare of special groups includes housing, cars and other projects. Welfare is the indirect remuneration of employees.
Generally, it includes health insurance, paid vacation or pension. These awards are awarded to individual employees or groups of employees as part of the benefits of enterprise members. Welfare must be regarded as a part of total salary and one of the important aspects of human resources strategic decision-making.
From the management point of view, welfare helps to achieve the following strategic goals: helping to attract employees; Assist in maintaining employees; Improve the image of the enterprise in the eyes of employees and other enterprises; Improve employees' job satisfaction. Unlike employees' income, benefits are generally not taxable.
Because of this, in a sense, welfare is more valuable to employees than cash payment of the same amount.
Legal basis: Article 73 of the Labor Law of People's Republic of China (PRC). Workers shall enjoy social insurance benefits according to law under the following circumstances: (1) Retirement; (2) Being sick or injured; (3) Being disabled at work or suffering from occupational diseases; (4) unemployment; (5) bearing.