Most employers will pay you. (If they don't, you might want to look into getting a new job.)

But in addition to your wages, your boss might offer extra benefits like health insurance, vacation time, childcare, a gym membership, or a really fancy water cooler for your gossiping pleasure. The extra benefits outside of what you earn are the employee benefits.

If you're lucky, they make Monday mornings worth it.

Find other enlightening terms in Shmoop Finance Genius Bar(f)