Ready to accept a job offer? Have you reviewed your potential new employers benefits package? There’s a lot more to a job offer than how much is going to show up on your first paycheck and the benefits a company offers could really make all the difference!
A great benefits package, for instance, can actually mean more money in your pocket than what’s in a salary or it could even mean a better work-life balance. And vice-versa, the wrong benefits package can chip away at your paycheck or put a strain on future goals or personal well-being.
Employers can customize an employee benefits package to the needs and desires of its employees, but there are several standard offerings that should be included. Here are a few of the basic items to look for:
An employer’s health insurance benefits can add a lot to the appeal of a job. There are many types of health insurance plans and if you work at a big company, you might have a choice of a few different plans. First, assess your medical needs and health situation before shopping for insurance. Then, look at the provider network, co-pays, deductibles, and monthly premiums, to decide what plan would work best for you by.
Paid Time Off
We all need time away from work to recharge, so check out your potential employers PTO policy. Some companies offer a general PTO bank employees can draw from, while others separate it into categories like vacation, sick, and personal days. Find out what your company policy is and be sure to look at how quickly you accrue PTO!
Wellness programs have become an increasingly popular aspect of benefits packages. Employees spend the majority of their time in the workplace, so by linking wellness goals with work-life balance companies can show their employees that care about their well being by promoting healthier lifestyles. See if your company offers free healthy lunches or snacks in the office, discounted memberships at health clubs, or stress management services!
Many people are under-prepared for retirement, so starting to plan and save as early as possible is important. Look into whether your job offer includes any type retirement savings programs; many employers offer matching contributions plans. Offering a retirement plan is a benefit most job seekers consider and can ultimately be a differentiating factor in their decision-making process.
You spend a big chunk of your life at work, so when it comes time to decide on a new job, there are a few intangibles that might sway you. To create an excellent employee experience, many companies have expanded offerings beyond your typical benefits package. Perks like on-site fitness classes, a pet friendly office, free lunches, or sponsored happy hours speak to your company culture and the employee experience you want to promote.