Performance Appraisal is essential for companies .

Introduction Benefits may be defined as all the financial rewards that are not paid directly in cash but rather in kind to the employee, for example, life insurance, medical benefits, etc. In today's world, it is essential for companies to provide their employees with benefit policies. By providing an attractive benefits scheme, the company will be able to retain all its employees especially the efficient ones. Developing an attractive benefit program should be done very …

…If the company wants to design a winning benefits program, it must make sure that it considers the budget and manages to motivate its employees. It's also an advantage if the company provides flexible benefits, which will suit the specific needs of its employees. Also its important for a benefits scheme to relate to the organization's strategic business objectives. A benefit scheme should be beneficial not only to the employee but also to the employer.