For ELPEDISON, the well-being of its employees and their families is one of our top priorities. To this end, we have established a competitive employee benefits package that aims to improve our employees’ everyday professional and personal life, by boosting morale, increasing engagement and productivity, and inspiring loyalty while enhancing the Company’s reputation.
Employee benefits include various types of non-monetary compensation provided to employees in addition to their base salary and variable pay. Some examples include group health insurance, pension plans, restaurant vouchers, and wellness programs.
The purpose of these benefits is to increase the financial security of employees, thus improving employee retention motivation across the organization. As such, it is considered a component of reward management.