Group benefits consist of a crucial part of the corporate package compensation system, covering many types of insurances and wellness programs at the workplace that bear significant relevance to employees' health, safety, and well-being. These have been providing traditional medical, dental, and vision health insurances and further expand to including life insurances, disability disbursement, retirement plans, and wellness programs. Employers that offer group benefits support their employees' physical and mental health, job satisfaction, and loyalty.

With today's competitive job market, a solid group benefits package is a major tool in the armoury for attracting and retaining top talent. It goes hand in hand: when an employee recognizes his or her employer invests in them, their appreciation and involvement with work increase. Yet another value-added advantage of the group benefit is that it has the ability to create financial benefits for both employers and employees. The individual plans, such as these, are usually cheaper because there is some pooling of risks within the group, and they may also carry a degree of tax favor.