For you to attract the best candidates for your organization, you need a competitive compensation package. In this day and age where remote work is on the rise and workers value work-life balance more than ever, a reasonable salary is no longer enough. It takes a well-rounded compensation plan to wow the talent you’re looking for.
So, what all is included in employee benefits?
Ultimately, benefits include everything outside of an individual’s salary. This means health insurance, bonuses, 401ks (4013bs for churches), and vacation days, but for churches, it can also include life insurance, housing allowances, sabbatical packages, education allowances and so much more. Benefits are critical because they help employees by cutting out some of their expenses so they are able to use their salary on their other expenses. Providing this added cushion