Health insurance: This is one of the most important and valued benefits. Health insurance can cover a range of medical expenses for employees and often their families, including doctor visits, hospital stays, surgeries, prescriptions, and sometimes dental and vision care.
Retirement plans: Retirement benefits, such as 401(k) plans in the United States, pension plans, and other savings programs, help employees save and plan for their retirement. Employers may offer contributions or matching funds to employee accounts as part of these plans.
Paid time off (PTO): This category includes vacation days, sick leave, personal days, and holidays. Paid time off allows employees to rest, recover, or attend to personal matters without losing income.
Life and disability insurance: These benefits provide financial protection to employees and their families in case of an unforeseen event. Life insurance policies pay a beneficiary in the event of the employee's death, while disability insurance offers income protection if an employee is unable to work due to a disability.