Monetary compensation (i.e. salary) is all well and good, but have you taken advantage of all the employee perks your employer offers? Employee perks can range anywhere from flex-time to additional vacation weeks to paid day care to tuition reimbursement. Even if your salary is up to par with the industry standard, you could be losing out if your company doesn’t offer at least a few of these employee perks.
The fact of the matter is that employees are valuable commodities. Your skills, talents and expertise are worth every penny of benefits and perks, and you can rest assured that the competition is offering what ever they can. When researching jobs or evaluating your own, it’s important to consider employee perks in addition to salary.
As with other forms of compensation, employee perks are usually commensurate with the level of the position held. Non-management employees are not going to have access to anywhere near the same perks as executive-level professionals, which is simply the way of the world. However, as many as 40% of the administrative personnel in this country have cellular phones comped by their employer and most fast food restaurants give their employees paid vacation and health insurance.
As you can see, it doesn’t matter what type of job you hold; you still deserve employee perks for all of your hard work. This doesn’t mean that they’re going to be offered willingly, but you should start your research now. For example, if another company in your industry offers tuition reimbursement and you’d like to go back to school, the choice should be obvious, even if there is a pay cut.
One of the employee perks that used to be used far more seldom is the paying of relocation expenses for employees who either switch to a company far away or move to another site. Things like packing materials, moving trucks and hotel accommodations are paid, which can greatly reduce the stress of moving and make relocating far easier.
Another employee perk that many management employees enjoy is dependent care reimbursement. If you are responsible for taking care of a child or an elderly relative, you might be eligible to receive compensation for the care they receive while you work. Day care, nursing homes, at-home hospice care and more might be within your reach.
There are also a few interesting employee perks offered by some of America’s leading corporations. Homestead Technologies, Inc. – a technology firm based in California — offers employees a corporate retreat once a year and People’s Bank of Connecticut offers weekly on-site massage. As you can see, employee perks are both diverse and attractive, so you might want to see what’s out there.