V

Voluntary Benefits

Definition

Additional benefits offered by employers that employees can opt into, often paid partially or fully by the employee.

Context & Importance

Supports personalised employee wellness and improves retention by offering flexibility.

Use Cases

• Meal cards, wellness reimbursements
• Travel passes or top-up insurance plans

Related Concepts

Flexible benefits, perks, cafeteria plan.

TankhaPay Relevance

Allow employees to select voluntary benefits and manage deductions from salary seamlessly.