Benefit Descriptions

Benefits are sometimes included in your compensation package and they cost the company an additional 30-40% in addition to your salary. Prior to any negotiation discussion, you need to determine what benefits you need and what benefits you want.

Below are descriptions of the most common benefits:

Benefit	Description
Child Care Assistance	Employer offers assistance with child care expenses.
Dental Insurance	Employer offers either a) access to dental insurance or b) contributes to the monthly payments of dental insurance.
End of Year Bonus	Employer provides additional financial bonuses based on performance.
Flextime	Employer offers flexible working hours.
Holidays	Employer either a) provides holidays off or b) provides holidays off as well as pays employee for the holiday time.
Life and Disability Insurance	Employer offers either a) access to life and disability insurance or b) contributes to the monthly payments of life and disability insurance.
Medical Insurance	Employer offers either a) access to health insurance or b) contributes to the monthly payments of health insurance.
Paid Time Off	Employer provides a certain number of paid days off.
Relocation Expenses	Employer pays for all/or part of relocation expenses if the job required the employee to relocate.
Retirement	Employer offers either a) access to a retirement plan or b) contributes to an employee’s retirement plan.
Signing Bonus	Employer provides a financial bonus when an employee is hired.
Stock Purchase or Savings Plan	Employer offers a) access to a stock purchase plan or savings plan, b) contributes to an employee’s savings plan, or c) employee’s to purchase stock at a discounted rate.
Telecommuting	Employer offers flexible working arrangement (i.e. working from a home office.)
Tuition Assistance	Employer offers assistance with educational expenses.
Vacation	Employer provides a certain number of paid days off for vacation purposes.
Wellness Programs	Employer offers access to wellness programs (i.e. gym memberships).

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