Employee Financial Wellness through Allowances, Incentives, Benefits and Reimbursements
To make the employees feel valued, it is important that the organisation takes extra care and effort to provide benefits to them. This brings overall happiness to the employee as it makes the employee feel special and additionally also helping the employee in saving on taxes and providing overall wellness.
For decades employee allowances (also called fringe benefits) were provided by companies to their employees. This is on top of the salary that is paid into the employee bank account (salary account in case of larger organisation).