Definition of cafeteria benefit in English:
North American An employee benefit selected from a variety of offerings under a fringe-benefit plan that can be tailored to fit individual needs.
- In cafeteria benefits, workers have a wide range of options on how to structure their total compensation.
- Although virtually unheard of 20 years ago, today some 20 percent of U.S. corporations offer cafeteria benefits.
- Regular full-time and part-time employees who are scheduled and work a minimum of 20 hours per week, receive the following annual cafeteria benefit based on their years of satisfactory employment.
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