When working for a company in the United States, you should receive compensation that consists of both financial and non-financial rewards, such as benefits that your employer may offer you. In addition to receiving your base salary, you should or could receive benefits typically tied to your performance, company achievements, or other benefits.
Among the examples of benefits that you could find as an employee you could receive:
- Health insurance, which covers medical expenses, including doctor visits, prescription medications, and preventive care.
- Retirement plans like a 401(k) or a pension will help you save for the future.
- Paid time off, including holidays, vacation days, and sick leave.
- Stock-based rewards, such as stock options, allow you to own a piece of the company. The value of these benefits can grow as the company prospers.
- Life and disability insurance, which offers protection to your loved ones, while disability insurance replaces part of your income if you are unable to work due to a disability.
On the other hand, as we have mentioned, it is also possible to receive bonuses for good performance, such as:
- Employee Assistance Programs (EAP), which are designed to provide confidential counseling and support for personal or work-related problems.
- Commuter benefits, which can help with the transportation costs you use to get to work.
For you to get the most out of your employee compensation and benefits package, you must understand what is available to you from your employer. We recommend that you consult your human resources department to learn about the specific benefits provided by the company you work for. This way, you can claim your rights if a proportional part of your salary or benefits is not being paid as agreed in your employment contract.