Time-off from Work Without Pay
For years, some of organisation has provided workers with sabbaticals without pay. In this case, an worker has an chance to pursue a special interest area. Though the worker is not paid, he or she continues to be covered by the employer's medical, disability programmes, life insurance,.
Income Equivalent Payments & Reimbursements for Incurred Expenses
The ever-increasing diversity & population of employee reimbursement have given rise to a significant number of benefits that can be grouped under a category called nonstatutory benefits. The majority of benefits in the past described are either mandated by legislation or allowed by statutes & given preferential tax treatment.
This group of compensation components includes some most diverse & most desirable types of goods and services employees attain from their employers. Several of these components and new ones that seem almost every day have been introduced in response to alter in the economic situation and to tax demands. This wide group of services provides workers with the opportunity for an enhanced and more enjoyable lifestyle. Some more common components are as following:
Preferred Benefits of Services
A. Charitable contributions
B. Counselling
a. Financial
b. Legal
c. Psychiatric
d. Psychological
C. Education subsidies
D. Tax preparation opportunities
E. Child adoption
F. Subsidized food service
G. Child care
H. Elderly care
I. Discounts on merchandise
J. Physical awareness and fitness programmes
K. Parking
L. Social and recreational
M. Transportation to and from work
N. Travel expenses
i. Car reimbursement
ii. Tolls and parking
iii. Tool and entertainment reimbursement
O. Clothing reimbursement/allowance
P. Housing
Q. Tool reimbursement/allowance
R. Relocation expenses
S. Emergency loans
T. Credit union
"Such services also give Income-tax".