These benefits are financial or non-financial, given to employees. Bonus will be given in every accounting year
of the company. Under employee welfare. Factories are regulated by the provisions of the Factories Act, 1948. All
industrial establishments employing 10 or more persons and carrying manufacturing activities with the aid of power
come within the definition of Factory. The said Act makes provisions for the health, safety, welfare, working hours and
leave of workers in factories, provident fund, gratuity, medical facilities, compensation and insurance policies and leaves.
These factor comes under the voluntary retirement scheme several benefits given by some companies.