Benefits are a part of the compensation package, and they are often worth a great deal to employees. Health insurance and retirement, in particular, are valuable and coveted benefits. So too are paid vacations, sick days, life insurance, and retirement packages. Because these benefits are so valuable, it’s important for managers to make their employees aware of what’s available to them, and to work with HR to provide training in how to access and use benefits. In most companies, employees can choose among different benefits. There is a cost associated with many benefits, so some employees will opt out so they can have more in their paycheck. Whereas others will opt in, for better health benefits or a greater sense of security in case of disaster.
Many companies have a good reputation because, of what they can offer their employees. Once you can give your employees what they want or somewhat match it, their yours. Every company has those main benefits but, when they have those out of the blue benefits they draw more employees in. In the employees mind they can get the same hood pay they have with one company but have more benefits without losing anything. A company that comes to mine that I’ve had the pleasure to work for is UPS. Out of all the delivering companies like, FedEx , Usps, Amazon and Dhl, UPS is has the best employee satisfaction, compensation and benefits. Overall this company is the jackpot, if you get into it, you will fall in the love and will not even think to leave it. The benefits provided by Ups are, broken up into retirement & financial, health & insurance and other. In the first one it includes, 401k plan, profit sharing, stock bonus, defined benefit pension plan and defined contribution pension plan. The next one has, health insurance, life insurance, dental insurance, vision insurance, temporary disability insurance, accidental death & dismemberment insurance, long-term disability insurance and prepaid legal. The extra ones are TAP, work-life balance programs and managers incentive plan.
Out of all the benefits there are 3 main benefits that catch my appealing are, retirement plans, health insurance and TAP. This first one retirement plan is very interesting to me because, I would like to be set when I retire so, I wouldn’t have to work after that. I don’t want to have to work after I’m old and not be able to move like before. The second one Health insurance, I gotta make sure I can take care of myself without worrying about paying large amounts of bills for my health. My health is very important to me so, if I can get a benefit that can help with my health I’m gonna jump on that. Their helping me out, without me having to pay a dime. The last one Tap, this is very useful for the future if, I decided to further my education. Having this benefit will allow me to get the best education I want without having to pay out of pocket. Having Tap can help me save up money while I’m trying to get a education to get into a better field to gain more.
Ups.com/benefits
Hello Shane,
The three things which you value regarding company benefits are the same things that I value. Health care is costly. Pay for dental and preventative care can break the bank. When looking at these things, I think that that is the number one reason for many people to accept a company’s position. Saving for retirement as well, know that the money is set aside without having to worry about the commitment; otherwise, create a piece of mind for anyone. The good thing about some retirement funds is that you can move them from company to company.
Hello Shane.
I enjoy hearing when people are happy about the job they do or the company they work for. I have heard from friends who work for UPS say the same thing. The company values employees, has competitive benefits packages and prides themselves on keeping their employees engaged. I think medical coverage is the one benefit that is at the top of everyone’s list. Especially today with the existing Covid threat, I’m sure that having medical insurance benefits is something that brings peace of mind.
I enjoyed reading your response about your job and what they offer because my job offers the same things as well. I love the health insurance my job offers and its even better that we don’t pay much for it. My school also offers a program in which they pay for us continuing our education. I hope that you continue to prosper with your company and move up throughout the years.