In this tight job market, candidates have more leverage than ever when negotiating employment benefits and perks. Whether you’re actively looking for new opportunities or simply keeping your eyes peeled for the right one, it’s important to know what you’re looking for in a new employer.
If you’re actively job-hunting, you already know your benefits package’s importance when weighing potential opportunities. A solid benefits package can be the deciding factor for many applicants. Here are six employee benefits to consider when job hunting:
1. Health Insurance
Health insurance is a valuable benefit many employees receive, but it’s also one of the most expensive benefits for employers. Many employers offer a health insurance package to employees, but the cost of providing such a package can be staggering. HR handles employee benefits management services to keep track of health care costs and other employee benefits offered to ensure employers are getting the most value for their money.
If you’re looking for a new job, you might consider whether your current employer provides health insurance. If they do, it could cost you more in the long run if you leave your job to work for a business that doesn’t provide health benefits
2. Retirement Benefits
Many employers offer retirement benefits even if they don’t advertise them to their employees. The majority of employers offer a retirement package to employees. These retirement benefits can include company-sponsored 401(k) plans, which are tax-deferred.
If your employer offers a pension plan, you’ll be eligible to receive benefits upon retirement. Your benefits will depend on how much you’ve contributed to the plan. If your employer offers a 401(k) plan, you’ll be eligible to receive a portion of your paychecks after taxes have been withheld.
If you’re looking for a new job, it is important to consider if the employer offers retirement benefits. This helps you determine if you’re missing out on a valuable benefit.
3. Paid Time Off (PTO)
Paid time off is a valuable benefit that many companies offer their employees. This benefit can include paid vacation, holidays, and sick days. Some employers offer only a few days of paid time off, while others provide several weeks of paid time off.
When looking for a new job, it is important to consider if the employer provides paid time off benefits. If the employer doesn’t offer it, you may be able to negotiate this benefit with your employer. When negotiating your new salary and benefits, it is important to be clear about these benefits.
4. Remote Work and Flexible Schedules
Remote work and flexible schedules are becoming increasingly popular, especially for millennials. Many companies offer these perks to keep their employees happy and productive, so you should consider it if your employer offers it.
If you’re a remote employee, you don’t have to worry about commuting or working in an office during the day. You can work from home or your preferred location as long as your employer allows it.
Flexible schedules are also becoming popular because they allow employees to manage their time better. This is an important benefit many employees are looking for, especially when they have a family to take care of.
5. Life and Disability Insurance
Life and disability insurance are important benefits that most employees want. These types of insurance can help protect you and your family in case of an accident or illness.
A typical life insurance policy will cover your funeral and burial expenses, which is good because it protects your loved ones if something happens to you. A disability policy will provide a lump sum payment when you cannot work due to an injury or illness.
6. Tuition Assistance
Tuition assistance is another benefit that employees want to receive. Many employees are required to have a certain amount of education to get a job. If you don’t have the time or money to pay for college, tuition assistance can help you pay for your tuition.
Your employer might offer this benefit as part of an employee educational benefits package, which is great because it allows you to save money on college expenses now and in the future
Conclusion
An employee benefits package is a great benefit to receive as an employee. Depending on the type of job you have and the company you work for, you might receive a different benefits package.
The good thing about receiving a benefits package from your employer is that it can help you save money in the long run. In addition to saving money on taxes, it can also help you plan for retirement, which can be beneficial.
