What to Ask Your Employer about Benefits and Compensation

What to Ask Your Employer about Benefits and Compensation
  • Opening Intro -

    For many employees, compensation and benefits are usually ignored since all they are concerned about is prompt disbursement of salary.

    Of course your paycheck is probably the most important piece of working.


what you are not aware of is that compensation and benefits should be part of your initial discussion with your employer. Your salary only amounts to 70% of the total compensation and benefits you are entitled to receive. By not asking for compensation and benefits, 30% of your total earnings ends up being audited as the company’s profit at the end of the financial year.

Benefits and compensation are in the form of direct and indirect rewards that employers should reward to employees in return for their contributions to the organization. Here are a few benefits you should consider consulting your employer about.

A Savings Plan

Saving for your retirement especially from an early age may seem like a long shot, but the burden could be made way lighter by involving the employer. Having he employer contribute towards your pension plan would greatly safeguard your future. Ask about a 401K and see if you can make contributions to another type of account if not.

A Health Plan

For workers, especially those in the private sector, a health plan is often overlooked. But a health plan is important to ensure that the company caters for your medical bill in case of ailment.

Insurance Cover

This comes in handy especially with workers working in mechanical industries. An insurance company will ensure compensation in case of an accident where you end up incapacitated. An insurance cover would ensure your life moves on smoothly without any hassle. According to disability lawyers, this is an important thing to ask about in retail work as well.

Occasional Leave/Vacation

Some companies have their workers work around the clock with no vacations. This is one benefit that you should negotiate with your employer as you are fully entitled to enjoy time away from your company.

Commuter Allowance

An average American spends an average of 2600$ annually in commuting to and from work according to 2015 Citi Thank You Premier Commuting Index. You may be surprised to find that your employer would be willing to contribute towards your commuter allowance.

Although it is right to approach your employer for allowances and benefits it is prudent, discern first what is negotiable and what is not. For example, you cannot ask for house allowance if the company has already provided for accommodation.

Do a research on benefits affordable to your company and those that can easily be accomplished. In addition, if you’ve been invited for a new job first ask for a breakdown of the whole salary and allowances package before negotiating.

Career Management reference:

finding your career

SaleBestseller No. 1
The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design (General Finance & Investing)
4 Reviews
Bestseller No. 2
Mens Mother No salary, no benefits, no sleep shirt Small Asphalt
  • The design No Salary, No Benefits, No Sleep shirts, father day gifts,fathers day gifts,fathers day shirt is printed with new age printing technology, direct-to-garment.
  • The design perfect "No Salary, No Benefits, No Sleep t shirt, fathers day gift ideas,fathers day shirts,1st fathers day gifts" gift idea for her, for him, for everyone birthday present or treating yourself to the best graphic t shirt.
  • Lightweight, Classic fit, Double-needle sleeve and bottom hem
Bestseller No. 3
Perks and Parachutes: Negotiating Your Best Possible Employment Deal, from Salary and Bonus to Benefits and Protection
5 Reviews

Last update on 2017-07-21 / Affiliate links / Images from Amazon Product Advertising API


end of post idea


Helpful article? Leave us a quick comment below.
And please give this article a rating and/or share it within your social networks.

Categories: Business Management

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload CAPTCHA.