What is Employee Compensation benefits Scheme and its eligibility.

Question

Accepted Answer

Employee Compensation benefits Scheme is a package of benefits provided to employees in addition to their regular salary.

It includes health insurance, retirement plans, paid time off, and bonuses.
Eligibility varies depending on the company and the specific benefits offered.
Some benefits may be available to all employees, while others may only be available to full-time employees or those who have been with the company for a certain amount of time.
Examples of eligibility criteria include minimum hours worked per week, length of employment, and job position.
The purpose of the scheme is to attract and retain talented employees by offering competitive compensation and benefits packages.

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