What is an employee benefits package?
An employee benefits package is a set of perks and incentives offered by employers to attract and retain the best talent.
Typically, an employee benefits package may include health insurance (medical, dental, vision), retirement plans, paid time off (sabbaticals, sick leave or additional holidays), life insurance or other perks like enhanced parental leave, employee discounts, and education reimbursement.
An employee benefits package can vary between companies, and offerings will depend on factors such as the size of the company, industry norms, and the company's budget.
By providing a competitive and attractive benefits package, employers aim to create a positive work environment and improve employee satisfaction.