Glossary 

Human Resource Glossary for HR Terms
This comprehensive glossary of human resource (HR) terms defines words and phrases frequently used by HR professionals. We would like to encourage you to share and make use of this library. If you have any suggestions of terms we have missed, please contact us & we will include them in our next update.

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Employee Benefits

Advantages employees can get from their employer in addition to their regular salary.

Support Your People Beyond the Workplace

Employee benefits play a pivotal role in boosting workforce morale, retention, and overall well-being. These incentives extend beyond the business, offering employees a range of perks, from wellbeing schemes to savings or discounts. Each Person's salary sacrifice schemes, offer unmatched personalisation and enable employees to reduce their taxable income in exchange for non-cash benefits, such as cycle2work, childcare, holidays, gym memberships and vehicle leasing. These benefits not only improve employees’ financial health but also promote work-life balance and job satisfaction.

Create a Bespoke Benefits Package with Each Person

With Each Person, enhance your employee benefits by offering bespoke benefit programs for all areas of wellbeing. Our platform allows businesses to reward employees with tailored incentives, helping to create a culture of appreciation. Through Each Person, employers can distribute perks like retail vouchers, wellness schemes, and a wide range of salary sacrifices. Align your benefits and rewards programmes with individual preferences and needs to create the ultimate personalised strategy. This customised approach fosters employee engagement and loyalty, while simultaneously supporting your corporate responsibility to prioritise your people’s wellbeing.

The Impact on Employee Retention and Engagement

Each Person’s tailored employee benefits enable your workforce to feel recognised and appreciated on an individual level, which fosters a deeper connection to your workplace. This sense of recognition and belonging leads to increased employee loyalty, reducing turnover rates. When employees feel valued, they are more likely to stay with the company long-term, contributing to a stable and productive team. Offering a selection of bespoke benefits also helps businesses appeal to a diverse workforce with varying needs, ensuring everyone can feel rewarded no matter what their preferences are.

Employee benefits profile

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If you wish to improve your business start by focusing on your most important asset; your employees.

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