What Benefits Do Directors Really Get? Seeking Insights from HR Peers

Hi All, I am looking at adding some benefits for Directors. Could you please help me with what the current benefits available for Directors and above are?

Regards,
Shilpa
HR Generalist

Benefits for the Director will be:

- A well-established and well-furnished bungalow in a very renowned area.
- A luxurious car like a Mercedes or BMW.
- A Europe tour package with his family once a month.

Regards,
Kavita Kapoor

At the outset, you need to study your company's business objectives, assets, liabilities, turnover, profits generated last year, and the current financial year. Based on these facts, you can consider various benefits that can meet your company's status. Just because an employee is a director, it doesn't mean that he can enjoy luxury. Treat your employees well across the hierarchy levels rather than just treating directors with a red carpet. It's just my suggestion. Can you share the benefits availed by various grades (employees in the hierarchy) in your company?

With profound regards

First of all, you should know whether he is a whole-time Director (i.e., working). Directors' benefits, remunerations, and perks are governed by the Company Law Board regulations. You have to consult a full-time company secretary, and benefits, perquisites, and appointments should be done keeping in mind the latest regulations as per the Companies Act of 1956.

Regards,
Padmanabh