What Should Your Company Offer in Benefits?

When offered a new position with a company, it is not just the hourly wage or salary offered that should be used to make a decision. The truth is, the benefits package offered by the company should also play a role in whether you accept the position or not. In truth, the benefits package they offer could greatly influence you. The following are just a few of the benefits your company should offer with the position:

Medical Insurance: This is especially important to those who are not currently covered by insurance and you will want to evaluate the amount it will cost for you and your family to participate, as this will be deducted from your pay. You will also want to determine what it covers and what it does not.

Dental Insurance: Again, if you are not covered, learn what it will cover for your and your family and determine whether or not there are waiting periods with the coverage.

Life Insurance: Many companies offer this benefit for free, but you will want to verify the amount of life insurance it provides, as well as the cost to increase that amount.

Disability Insurance: You may not ever need it, but if you do, you will find this benefit can be the reason you are able to keep your finances in order when you are ill.

Vacation: Many companies start out by offering a week of paid vacation for the first one to three years of employment. However, if you are offered a position in management, you may wish to try negotiating for more time.

These are just the basic benefits your company should offer to you in any position you apply for. Of course, you may also want to consider the importance of a 401(K) plan, as well as pension plans, tuition reimbursement, and expenses. While the salary or hourly wage you are offered with the position is important, the size of the benefits package should also be an important factor in your decision of whether or not to accept a position with the company. However, if they are not to your satisfaction, do not be afraid to try negotiating for more benefits.