Benefits and Incentives

1
Benefits and Incentives

• Good Benefits Make
• . . . Dollars and Sense!

2
Benefits and Incentives-Chapter 3-2
What are benefits? And why are they
important to me? Benefits Something extra you
get for working. Employer provided, but
some-times it costs the employee something. It
comes with the job.
3
Benefits and Incentives-Chapter 3-2
While searching for a job and climbing the
corporate ladder to better opportunities,
always consider the value of a benefits package.
4
Benefits and Incentives-Chapter 3-2

• Medical Insurance
• A standard benefit
• High value
• Helps pay for medical coverage

5
Benefits and Incentives-Chapter 3-2

• Dental Insurance
• A common benefit
• High value
• Helps pay for dental services

6
Benefits and Incentives-Chapter 3-2

• Vision Insurance
• A common benefit
• High value if needed
• Helps pay for vision services

7
Benefits and Incentives-Chapter 3-2

• Life Insurance
• A common benefit
• Cheap benefit
• High value if used

8
Benefits and Incentives-Chapter 3-2

• Accidental Death and Dis-
• memberment
• Sometimes offered
• If offered free, sign up!
• High value if used

9
Benefits and Incentives-Chapter 3-2

• Disability Insurance
• Pays a portion of your income
• if you become disables
• Usually offered
• If offered free, sign up!
• High value if used

10
Benefits and Incentives-Chapter 3-2

• Vacation Pay
• Usually offered not always.
• Varies by employer
• High value benefit

11
Benefits and Incentives-Chapter 3-2

• Sick Days/PTO (Personal
• Time Off)
• Usually offered not always.
• Varies by employer
• May accumulate may not.
• High value benefit

12
Benefits and Incentives-Chapter 3-2

• 401(k)
• Optional retirement plan
• Employer contributes 4
• FREE MONEY!
• TAX FREE until you withdraw
• Start early and max it!
• ?

13
Benefits and Incentives-Chapter 3-2

• Profit Sharing
• Give employees a percentage
• of profits
• How much you make, depends
• on your percentage of profit
• Nice benefit

14
Benefits and Incentives-Chapter 3-2

• Paid Holidays
• Six standard holidays
• New Years
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Christmas

15
Benefits and Incentives-Chapter 3-2

• Paid Holidays
• Six standard holidays
• New Years
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Christmas

16
Benefits and Incentives-Chapter 3-2

• Tuition Reimbursement
• Sometime offered

17
Benefits and Incentives

• Incentives Perks/Bonuses given for good work.
  Over and above benefits.
• If you do this, we will give you this. You
  have to work extra for .
• Tuition reimbursement
• Bonuses
• Perfect Attendance
• Other ways in which businesses could reward
  employees for over and above job performance.