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Whether you’re a long-time employee, or seeking a new job, of course you want job satisfaction, but, even more importantly, you need to ensure you have good benefits or “bennies” as they are often referred to. While health insurance, disability insurance, and life insurance packages provided to employees are fairly standard, employee benefits for financial perks are also attractive, no matter the age of the employee.
Traditional benefits
Employers who are savvy provide plenty of incentives to their employees to keep them aboard. By offering a compensation package of the most sought-after benefits, they’ll lure the best workers. Traditional benefits like adequate paid time off (“PTO”) and sick days are always appreciated and pretty standard as benefits go. Likewise group health insurance is always a draw, especially with a lower deductible, less co-pay amounts and good prescription coverage. Add the ability to have a flexible spending account (“FSA”) for your health insurance and employees will say “now you’re talkin’”.
If you work for a large or medium-sized company, you’ve probably never given much thought to disability insurance or life insurance. Those are just a couple of benefits, (or “bennies” as that term is often used), that a company generally provides to its employees. The larger the company, the cheaper the premiums are to the company, and they are able to provide some peace of mind to their workforce. In fact, it is probably something that most employees just take for granted.
If you are launching your own company, or leaving a company where disability benefits have always been provided, you should ensure that you have a disability insurance plan in place as quickly as possible.