What are "employee benefits"?

Employee benefits refer to non-wage compensations provided to employees in addition to their regular salaries or wages. This broad category includes a variety of perks and services that enhance the overall compensation package beyond just direct monetary payment.

While options like wage increases, bonuses, paid vacation days, and health insurance are all important aspects of employee compensation, they do not encompass the entirety of employee benefits. Benefits generally cover areas such as retirement plans, sick leave, life insurance, and various types of wellness programs, in addition to health insurance and paid time off. This comprehensive nature of employee benefits is what makes option B the correct answer, as it captures the essence of what is meant by "employee benefits" in the workplace.

Other choices are too narrow in scope or focus on specific types of compensations, leading to an incomplete understanding of the broader category of employee benefits.