Everything You Need To Know About Employee Benefits
There are a number of things to consider when applying for a job such as the kind of job, the company you will apply to, the salary that they offer and even their employee benefits. The employee benefits is one factor that you really need to take into consideration when applying in a company. The benefits that the company will provide is their commitment to you so that you will stay healthy and also have financial security. Most benefit package could cost about 30% of your entire salary.
Employee benefits is the compensation that is given by the employers to their employees aside from their monthly salary. There are actually a lot of kinds of employee benefits. I will provide a list of the most common employee benefits.
Below is a list of the most common employee benefits that are provided by employers to all of their employees:
A. Paid sick leave and vacation leave.
B. Dental insurance
C. Medical insurance
D. Life insurance
E. Vision insurance
F. Supplemental insurance
G. Long term care insurance
H. Flexible spending accounts
I. Disability insurance
J. Legal assistance plans
K. Retirement benefits like pension plan
L. Company cars
M. Discount programs
O. Employee assistance
The employer will decide on the benefits that they will offer to all of their employees. The most used benefits are the medical benefits, paid vacation leave and sick leave and the retirement benefit. There are some employers that provide benefits to employees that works part time, however this is not that common.
Did you know that you can negotiate with the benefits that they will offer, you can actually include this when they let you evaulate on the job offer. There are even instances when you can get additional benefits.
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If you are applying in a big company then you should expect huge benefit packages. However, if the company is small then you should also expect a normal benefit package.
Nowadays, there are a number of companies that provide a list of the benefits that they will offer to every employee that they have. Today the internet is so useful. Before you start applying for a job, you should check the website of the company first.
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The law requires that every employer should be consistent with the benefits that they offer. If employees are promoted they usually receive additional benefits. You are actually paying for your benefits and it will be deducted in your paycheck. You can ask for the list of the contributions that you have given.
It does not matter what job you will apply for, you just need to know and understand the benefits that they will offer.