# What are Employee Benefits?

Employee benefits are non-salary perks like pensions, health cover, or wellbeing allowances. SMEs use them to attract and retain talent.

Source: https://faqtic.co/glossary/employee-benefits

## Why it Matters for SMEs

- Attracts candidates
- Supports retention
- Builds culture

## Example in Practice

Benefits policies tracked and acknowledged in Factorial.

## Frequently Asked Questions

### Mandatory?

Some benefits (e.g., pension) are required.

### Affordable for SMEs?

Yes, start small.

### Tools to manage?

Yes, HR software.

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