Description of employee benefits

• There are two types of employee benefits: Compulsory and Non-compulsory benefits
• It is compulsory for all businesses to contribute towards the employee's Unemployment Insurance Fund (UIF)
• Non-compulsory benefits are benefits that employees receive but do not form part of the employee's primary remuneration package. These are fringe benefits or perks
• Allowances (car/travel)
• Funeral benefits
• Performance-based incentives
• Issuing of bonus shares
• Staff discounts
• pension fund
• medical aid
• Unemployment Insurance Fund
• Housing allowance/subsidies