What is non finance benefits?

Answer 1

In the context of a workplace, non-financial benefits are things that are perks of working at that company but aren't financial in nature. For example, a company may have a gym on-site that is free for employees. You're not receiving money in this situation, but it certainly can be a benefit.

This is not to say that non-financial benefits aren't important or could impact you financially. Using our example of the on-site gym, you may have instead spent $50/month on a gym membership and now that money can be used for other things -- essentially a reappropriation of funds that amount to a financial gain provided by your employer.

Many times the employer will choose to use what is called a "total compensation statement" to clearly demonstrate all of the financial and non-financial benefits you are given. It is important when deciding between multiple job offers to figure out which situation is most beneficial to you -- not just the total dollar amount!