HR Glossary

What is Pet Insurance?

An employer-sponsored benefit that partially or fully covers the cost of veterinary insurance for employees' pets, offered as a voluntary perk to improve wellbeing and attract talent.

Why it matters in hiring

Pet Insurance comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with P

• Performance Management
• Performance Rating
• Performance Review
• Perquisites (Perks)
• Phantom Stock
• PIPEDA - Personal Information Protection (Canada)
• PIPL - Personal Information Protection Law (China)
• Police Clearance Certificate (Singapore)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.