Benefits

Benefits are those things provided to employees in addition to their salary (compensation).  These may be paid entirely by the employer or may be a cost sharing model where the cost is spread between the employer and the employee.  The most common examples are health insurance, dental, vision, life, and long-term disability.  They might include 401(k) match, tuition reimbursement, and retirement plans to mention only a few.  There are dozens of unique benefits that vary in cost from very inexpensive to a high price tag.  All the benefits offered, along with compensation, create a package sometimes referred to as Total Compensation.  In many cases, the value of these benefits are taxable.