The Most Common Employee Benefits
What benefits would you want your new employer to offer?
When you have more than one offer on the table, it's easy to spot which employer pays the larger basic salary. However many employers provide benefits which can be a real advantage to your working life and career. They don't necessarily come with a £ price tag, but they could not only save you money but also support your career and enhance your earning potential in the future. Others will allow you to address the all important work-life balance.
Below are four of the most common employee benefits to consider.
Now auto-enrolment is here, it's likely your employer will be enrolling you into the company pension scheme when you start. Whilst it may not seem enticing at first, a company pension scheme which offers a variety of investments and a good contribution could make a big impact to the quality of your retirement. Don't underestimate this as a benefit and think about how you can use it best.
Holidays & Sabbaticals
Employers will offer different holiday packages. Think about what you want from a job and how important time-off is for you. Additionally, some employers will provide sabbaticals at different points in your career timeline (or some will increase it every year) and this can be paid or unpaid, depending on your employers scheme. If you're someone who might want to spend some time travelling, with the family, or just want a break in a working rota, it's important to know your employer will support you in doing this. If they'll pay for it to, it's an even better benefit!
Contribution towards your development
It's difficult to calculate how much an employer will contribute towards your development – but key indicators like offering to pay for accreditations or providing time off to study give clues as to whether your employer is willing to support your career. This can also be a large contribution (taking into account the training cost and the cost of you not being at work) and could give you the opportunity to progress up the salary and career ladder quicker. Some companies also financially support personal development, whether it be an art course, diving, or anything which inspires you.
Flexibility or stability? Working a standard 9 til 5.30 day might be the perfect situation for some, whilst others may be night time or early morning workers. Some employers offer flexibility, but be careful that this doesn't mean a ‘work all hours' type culture. Think about whether you will have international clients/customers and the impact this might need to have on working hours. It's an important question to ask your employer as this can have a big impact on your work-life balance and it's all down to your preference.
Alongside company benefits there's a range of other things to consider before accepting a job offer. To explore these in more detail just click on the links below:
- Respecting company culture
- Acheiving a good work-life balance
- Researching a company before an interview
Or head back to our career advice section to explore more information.