benefit package
Job compensation additions
A benefit package is the set of non-salary compensations an employer offers workers—health insurance, retirement contributions, paid time off, and similar perks.
The term appears constantly in job listings and negotiations: The salary is modest but the benefit package is excellent.
Also called benefits package.
- health insuranceProtection against medical costs
- gym membershipsRecurring access to workout facilities
- paid time offEmployer-granted leave with pay
- parental leaveJob-protected time for newborns
- tuition reimbursementEmployer-funded schooling benefit
wellness programs · retirement plans · matching contribution · mental health services · life insurance · flexible scheduling · company car · dental insurance · childcare assistance · sick leave · sabbaticals · work life balance · vision insurance · disability insurance · pet insurance · prescription drug coverage · open enrollment · long-term care insurance
- labor unionsunion dues, trade union, union membership, labor union, union shops
benefit packagebase salary
Guaranteed regular compensation
base pay · wages · hourly rate · gross pay · salary
benefit packageout-of-pocket costs
Expenses you pay yourself
payroll deductions · employee contributions · co-pays · premium payments · wage garnishment
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