Glossary

401(k)

A retirement savings plan in the U.S. that allows employees to save and invest a portion of their paycheck before taxes are taken out.

Benefits Management

The process of administering the benefits offered by a company to ensure they meet employees’ needs and align with corporate goals.

Childcare Assistance

A benefit that helps employees cover the cost of childcare, sometimes including on-site daycare facilities.

Corporate Benefits

Benefits provided by a company to its employees, which may include health insurance, bonuses, stock options, and other incentives.

Commuter Benefits

A benefit that provides financial assistance for commuting expenses, such as public transportation passes or parking fees.

Dental Insurance

A benefit that covers dental care expenses, including routine check-ups, treatments, and sometimes orthodontics.

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Disability Insurance

A benefit that provides income protection if an employee becomes unable to work due to a disability.

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Employee Assistance Program (EAP)

A confidential service that helps employees with personal or work-related problems that may affect their job performance or well-being.

Employee Benefits Platform

A digital tool that centralizes and facilitates access to all company-provided benefits, allowing for efficient and personalized management for each employee.

Employee Engagement

The level of emotional commitment and involvement an employee has towards their organization and its goals.

Exclusive Discounts

Special offers available to employees through the YUPII platform, including discounts on products, services, and experiences.

Employee Benefits

A range of perks offered to employees in addition to their regular salary, such as health insurance, retirement plans, and paid time off.

Employee Discount Program

A benefit that provides employees with discounts on company products or services, or with partner companies.

Employee Experience

The overall journey an employee has within a company, from recruitment to development and departure, enhanced by benefits and well-being initiatives.

Flexible Benefits

A benefits model that allows employees to choose the perks that best suit their needs within a predetermined budget.

Flexible Work Arrangements

Work schedules that allow employees to adjust their working hours or location, such as remote work or flexible hours.

Flexible Spending Account (FSA)

A pre-tax account used to pay for eligible healthcare or dependent care expenses.

Grocery Vouchers

A benefit used to purchase groceries and other essentials from supermarkets and retail stores.

Gym Membership

A benefit that provides employees with access to fitness facilities, either through direct memberships or reimbursements.

Health Insurance

A benefit that covers medical expenses for employees and sometimes their dependents, provided by the employer.

Health Savings Account (HSA)

A tax-advantaged savings account used to pay for qualified medical expenses, available to employees with high-deductible health plans.

Life Insurance

A benefit that provides financial protection to an employee’s beneficiaries in the event of the employee’s death.

Long-Term Incentives

Benefits designed to retain talent over time, such as profit-sharing plans or stock options.

Meal Vouchers

A benefit that helps employees cover the cost of meals during the workday, typically provided through a card or app.

Mental Health Support

Services and resources provided to support employees’ mental health, such as counseling or therapy sessions.

Maternity/Paternity Leave

Paid or unpaid time off granted to employees after the birth or adoption of a child.

Onboarding

The process of integrating a new employee into the company, including training, orientation, and familiarization with company culture and benefits.

Parental Leave

Paid or unpaid time off provided to employees for the birth, adoption, or foster care placement of a child.

Profit-Sharing

A program that allows employees to receive a share of the company’s profits, usually as a bonus or additional contribution to a retirement plan.

PTO (Paid Time Off)

A policy that allows employees to take time off from work while still receiving their regular salary, often including vacation, sick days, and personal days.

Recognition Programs

Initiatives to acknowledge and reward employees who excel in their performance, boosting motivation and retention.

Retirement Plan

A benefit that helps employees save for retirement, often including contributions from both the employee and employer.

Remote Work

A work arrangement that allows employees to perform their job duties from a location outside the traditional office environment, often from home.

Stock Options

A benefit that gives employees the right to purchase company stock at a predetermined price, often used as a long-term incentive.

Talent Retention

Strategies and practices aimed at keeping the best employees within the company by offering attractive working conditions and development opportunities.

Tuition Reimbursement

A benefit that covers or partially covers the cost of further education or training for employees.

Volunteer Time Off (VTO)

A benefit that allows employees to take paid time off to volunteer for charitable causes or community service.

Vision Insurance

A benefit that covers eye care expenses, including eye exams, glasses, and contact lenses.

Wellness Programs

Initiatives aimed at promoting the physical and mental well-being of employees, such as gym memberships, meditation sessions, and mental health support.

Work-Life Balance

The equilibrium between professional and personal life, which is crucial for employee well-being and productivity.