Did you know benefits account for about 31% of your compensation package?
Do you know what benefits you can negotiate as part of your compensation? Grab this comprehensive list, but know there are even more!
Benefits are perks that you can negotiate as part of your compensation. There are many more items you can consider other than your salary.
According to the Bureau of Labor Statistics, 31% of an individual’s compensation package consists of benefits.
Benefits may help to attract and retain talent and demonstrate how a company values its employees.
Employers must give employees time off to vote, serve jury duty, or perform military service. Employers must also comply with the Family and Medical Leave Act (FMLA), and pay local, state, and federal taxes, and worker’s compensation.
Read on for a list of benefits or company perks you might be able to negotiate above and beyond your salary.
BENEFITS TO NEGOTIATE
- Accelerated Reviews
- Auto Allowance
- Bereavement Leave
- Bonus – signing
- Bonus – performance
- Bonus – year-end
- Cable Reimbursement
- Cafeteria Meal Plan
- Car Washes
- Caretaker Leave
- Childcare
- Commission Rate
- Company Car
- Computer and Technology Equipment
- Conference Attendance
- Dental Insurance
- Disability Insurance
- Discounts
- Educational Loan Repayment
- Employee vs. 1099Consultant
- Employee Recognition
- Expense Account
- Eye Insurance
- Feedback without Repercussion
- Financial Assistance
- Flexible Hours
- Flexible Spending Accounts (FSA)
- Gasoline
- Gym Membership
- Health Insurance
- Health Club
- Health & Wellness Benefits
- Home Office Budget
- Home Purchase
- Housekeeping
- Housing
- Hybrid Work
- Internet Reimbursement
- Job Responsibilities
- Job Sharing
- Job Title
- Laundry Services
- Legal Assistance
- Life Insurance Plans
- Meal Allowances
- Meditation App Subscriptions
- Memberships
- Mental Health Resources
- Mentorship
- Mortgage Assistance
- Non-compete Agreements
- Office Furniture at Home
- Office Location
- Outplacement Services
- Parental Leave
- Parking
- Performance Incentives
- Personal Assistance (Chores and Errands)
- Personal Care
- Personal Days
- Phone Reimbursement
- Professional Development
- Profit Sharing
- Reimbursements
- Relocation Assistance
- Remote Work
- Retirement Plans and Matching 401(k)s
- Rideshare Stipend
- Sabbatical
- Severance
- Sick Leave
- Software
- Summer Hours
- Stock Options
- subscriptions
- Supplemental Insurance
- Tax Assistance
- Transportation Allowance
- Travel
- Tuition Assistance
- Vacation
Although this is a pretty comprehensive list, it is not all-inclusive. There are many more creative ideas that could be added to this list. Got anything to add?
NEXT STEPS
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AUTHOR BIO
Lynne M. Williams is the Executive Director of the Great Careers Network, a volunteer-run 501(c)3 nonprofit organization that provides career education and networking connections for 1) job seekers in career transition, including veterans, and 2) employed and self-employed for career management. She is also the President of ChemPharma.net and runs a Clubhouse session on Fridays at 11 AM ET in the Thought Leadership Branding Club.
Aside from writing keyword-focused content for ATS resumes and LinkedIn profiles, Lynne is currently writing her doctoral dissertation on LinkedIn for Job Seekers. She is a contributing author on “Applying to Positions” in Find Your Fit: A Practical Guide to Landing the Job You Love along with the late Dick Bolles, the author of What Color is Your Parachute?, and is also a speaker on career topics.
This article is also published on: vista.today, montco.today, delco.today, bucksco.today, and in the author’s LinkedIn newsletter. A list of articles can also be found in a Google doc. Lynne
