Posted on February 18, 2022
When it comes to jobs and careers, the majority of people are most worried about the wages they will earn for the work they perform. Whether that comes in the form of an hourly rate, a one-time contract with a lump sum, or a salary, a paycheck is certainly one of the most important parts of being employed. It’s the entire point of jobs—working to earn money to cover our basic needs.
However, there is another essential thing that employers provide besides money: employee benefits. In this article, we’ll explain what employee benefits are and why they are so important.
What Are Employee Benefits?
There are different types of employee benefits—which are also referred to as voluntary benefits, worksite benefits, and compensation packages—and the benefits that are offered depend on the specific employer and job. Employee benefits are non-cash, indirect payments, services, or other assistance that are provided in addition to regular wages in order to create competitive packages to attract potential employees, help them take care of the things they need, and retain them. Here is a list of employee benefits that are most commonly offered:
These are some of the most popular benefits offered by employers, but there are a wide variety of other benefits out there. Each company is unique, so look for employers that offer the benefits you want or need. Now that we’ve gone over what employee benefits are and some of the different types, let’s look at why these benefits are so important.
Why Are Employee Benefits Important?
After learning about all of the various benefits that companies offer, it’s clear that benefits for employees are a crucial aspect of an employee’s overall compensation package. The importance of employee benefits depends on the specific employee and what they want in addition to their regular wages.
Overall, these benefits are so important because they can increase the value of working at a particular company over other options. They also show employees that the company cares about them and wants to help improve their health and quality of life. Employee benefits can even lead to increased job satisfaction and make it more likely that employees will want to stay at the company long-term. This can lead to happier team members and even increase productivity because employees know they aren’t just working for a wage.
At Penn-Mar Human Services, our mission is to support people with intellectual and developmental disabilities (IDD) to live courageous lives full of self-determination, independence, and equity. Our approach is innovative, person-centered, and successful. Through meaningful employment, community inclusion, and residential choice, the people Penn-Mar supports are empowered to live their best lives.
If you’re interested in a human services career and want to make a difference in the lives of others, consider filling out an application to join our team! We offer a wide range of employee benefits—many of which are listed above! You can also get involved by learning more about our services, making a donation, or signing up to volunteer with us today!