Taking Full Advantage of Your Employee Benefits

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Employers offer benefits to either keep their performing employees or attract new ones. Today, employees are not only after the compensation. They are also looking for companies that offer the best benefits package. Statistics reveal how these benefits affect the decision of an employee.

Burson Marsteller revealed four out of five employers believe benefits are essential to attract and keep talented employees. However, the majority of employers do not feel the need to provide benefits to independent contractors.

In a separate study, it was revealed that employees look at health benefits first. Justworks’ original study recorded 88% of employee-respondents who said it is important to have the options and quality of health benefits. However, the percentage of employers who offer health insurance as part of their benefits coverage only stood at 41%.

Paid leaves also play a factor in considering a job offer. 88% of employees deem paid time off is important. On the other hand, only 36% of employers included this in their benefits package. While it is not essential, employees also want other perks which include mental and physical health benefits in their coverage. The statistics showed 26% of those surveyed said employee perks including gym memberships as well as flexible schedules are important when they consider a job offer.

Here’s a breakdown of the study revealing the benefits that are deemed important by employees:

  • Health Benefits (45%)
  • Paid Leaves (38%)
  • 401k, Retirement, and Pension (37%)
  • Employee Perks (26%)
  • Paid Paternity or Maternity Leave (20%)

While most employers do not offer all of these benefits in one, you must make the most out of the benefits that you have. But how? Below are tips on how you can get the best out of your benefits:

  • Understand Your Benefits

The first step is to know what is included in your benefits. By becoming fully aware of what is being offered to you by the company, you will be able to use them appropriately. While they are called “benefits,” some of them are still bound under certain conditions. Become aware of what you can and cannot do with the benefits that you have.

  • Schedule Your Check Ups (Health Benefits)

Most employees don’t feel the need to see a doctor especially when they are not feeling anything suspicious about their health. A whole year often passes by without even a single visit to the doctor for a general checkup or even a cleaning session with a dentist. They are called “benefits” because you are expected to benefit from them. Schedule your doctor visits and keep track of your health.

  • Get in Touch with an Erisa Lawyer

Some employers also offer disability benefits. You may find an ERISA lawyer helpful if you are having issues with receiving your disability claims. But what is ERISA? ERISA is short for the Employee Retirement Income Security Act of 1994. It is a legislation that oversees how insurance companies manage disability claims.

  • Maximize Your Perks

Not everyone can receive additional perks; if you do, maximize them. Be it a gym membership or a flexible schedule, you must use it wisely. You are lucky if you have these perks, so utilize them to your advantage and in a way that will also benefit the company you’re working for.

Whether you are given a handful of benefits or just a little, you must keep in mind that these do not matter in your success in general. Hard work, patience, and determination are still the keys to a successful life. However, if you do have these benefits, you must use it accordingly and be grateful to the management of your firm.