What does 'Employee Discount and Perks' mean?

Employee discount and perks are features that are offered by companies to their employees as a form of additional benefit. These features provide employees with discounts and special offers on various products and services. This allows employees to save money on their purchases and helps improve their overall satisfaction and motivation levels towards their employer. One of the most common types of employee discount is a percentage off of the retail price of products. This can range from 10% to 50% depending on the company and the products being offered.