If you’re like most people, you probably only think of compensation as the paycheck that hits your bank account every two weeks. Surprise: Your salary typically comprises less than 70 percent of your compensation, according to the Bureau of Labor Statistics.
The other 30 percent? That would be the job benefits your company provides for you, so it’s worth knowing how to make the most of what you’re being offered. Unfortunately, less than 10 percent of human resource professionals thought their employees were “very knowledgeable” about their benefits, says the Society for Human Resource Management (SHRM).
If there are perks that you could be taking advantage of but you’re not, that’s like leaving money on the table. With that in mind, here are eight common benefits worth looking into at your company.
What makes 401(k)s even sweeter is that your company might offer an employer match. That means they’ll throw some money into your retirement account on your behalf.
- Retirement Plans
- Health Insurance
- Disability Insurance
- Paid Time Off (PTO)
- Life Insurance
- Wellness benefits
- Commuter Benefits
- Tuition Assistance
learn more about the multiple benefits to look for when you start working for a new employer.