Examples of Employee Benefits

Employee benefits can positively impact the company and the employees. Below are some examples of benefits that companies offer to support employees:

Healthcare Benefits: This may include medical, dental, and vision coverage. Some companies will extend healthcare benefits to employees’ families as well.

Retirement Plans: This may include 401(k) plans, pensions, or other retirement plans. Some companies will match a certain percentage of contributions to these plans.

Paid Time Off (PTO): This may include vacation time, sick days, and personal days. Some companies have an allotment of days while others offer unlimited paid time off.

Education Grants and Scholarships: This may include financial assistance for employees who want to further their education. This may come in the form of scholarships or other tuition assistance to help their employees further their development.

Wellness Programs: This may include fitness memberships, gym reimbursement, or other wellness programs. These programs can help show that a company cares about its employees’ wellbeing and can help promote a healthier workforce.

Company Equipment: This may include laptops, mobile phones, or other equipment necessary for employees to do their job.

Remote Work Options: This may include flexible work schedules or the option to work remotely. Some employees, or prospective employees, may want to have the option for flexible work and offering remote work options can widen the hiring pool. In fact, offering remote work options can allow companies to search outside of their geographic area in order to look for the best talent.

Life and Disability Insurance: This may include life and disability insurance coverage.

Employee Assistance Programs (EAPs): This may include counseling or other mental health resources. Employees’ wellbeing includes their mental health and having these benefits can be attractive for many people.

Parental Leave: This may include paid leave for new parents to care for their children. It may be come in the form of maternal, paternal and/or adoption leave. Many prospective employees may look for these policies when choosing a job.

Professional Development Opportunities: This may include paid training, continuing education, certifications, or other professional development opportunities.

Employee Discounts: This may include discounts on company products or services.

Performance Bonuses: This may include additional compensation based on employee performance, achieving goals and/or hitting targets. These benefits can help promote improved employee performance.

Transit Benefits: This may include subsidies or other benefits to help employees with commuting costs.

Stock Options: This may include stock options or other equity options as part of an employee's compensation package.