Definition: is an added bonus to the already granted. High labor productivity of workers along with recognition of their merits, increase in authority in the team should be combined with increased incomes (in payment of bonuses, allowances, ancillary benedfits etc.). The ancillary benefit as an incentive involves issuing a sum of money to the employee for special achievements, as well as for significant dates and anniversaries. It is necessary to distinguish between bonuses that are incentives for a worker for work and are part of the system of labor remuneration for workers, and one-off bonuses for any one-off achievements, or in connection with important events in the life of an employee or the activities of the entire organization. In insurance, the term is used to refer to the coverage of additional health care costs.
Ancillary benefit in a sentence:
- The ancillary benefit can be provided as part of health insurance in special cases.
- As part of the activities of organizations, the ancillary benefit may mean additional compensation to the employee for his services.
Synonyms and related words: bonus, compensation, additional services.