Commissions are most often linked to sales performance-in some sales positions the commission pay can be greater than the base pay. 4. 401k and 403b. The 401K plan and the 403B plan, also known as a tax-deferred savings plan, allow employees to save money before it is taxed. Credit Unions offer employees many different methods of saving money. They may provide members savings on numerous financial transactions such as checking accounts and lower-interest loans.
Many companies offer various retirement or pension plans.
The defined benefits plan provides an employee predefined compensation and benefits after retirement. The contribution plan allots a predefined amount of money to the employee each year they have worked with the company. A few organizations offer stock options to their employees. Startup companies can offer stock options at a low price with the potential of a large capital gain. Public companies usually offer stock options at a discount from the current market price.