Starting a new job is an exciting but often overwhelming experience. In addition to getting to know your new colleagues and familiarizing yourself with your responsibilities, one crucial aspect of onboarding is understanding your employee benefits.

When browsing job offers, look past the salary offered. While it is a top consideration, your final decision should not be based on it. There are certain employee benefits an employer should offer and some you should ask for. One thing that many new hires are unaware of is that they can negotiate on the benefits.

Here’s a short guide to help you understand what to ask for about employee benefits before joining your new workplace:

What Benefits are Offered?

The first step in understanding your employee benefits is to get the list of what your employer offers. Typically, this information is provided in an employee handbook or during your orientation. The list of benefits can vary from company to company, but common offerings include health insurance, dental and vision coverage, retirement plans, life insurance, disability insurance, and paid time off.

It’s important to review this list carefully and ensure that you understand each benefit. If there are any concepts you are unfamiliar with, don’t hesitate to ask for clarification.

How Much Will You Contribute to the 401(k)?

Employers usually set a maximum limit on a 401(k) match. For example, if the maximum match is 3% of your salary, your employer will contribute 3% regardless of how much you contribute, even if you contribute more than 6% of your salary. However, there is room for negotiation.

Be aware of your employer’s vesting schedule. You may have to give up all or partial funds contributed by your employer otherwise.

What Does About Paid Time Off (PTO) Include?

Paid time off usually includes includes vacation days, sick leaves, and holidays (annual leaves). Understanding your PTO policy is vital for planning your time off and ensuring work-life balance. Here’s what you should ask about PTO:

  • How many vacation days and sick days do I receive each year?
  • Can I cash these days if I save them?
  • Are there any restrictions on when I can use my PTO?
  • Does PTO include parental leave? For how long?
  • How should I request time off, and what’s the notice period?

Are There Wellness Programs?

Many employers offer wellness programs to encourage employees to maintain a healthy lifestyle. These can include gym memberships, workshops, group support meetings, smoking cessation programs, outdoor activities, spiritual retreats, and celebrating special occasions, such as retirement, Valentine’s Day, etc. Engaging in these programs can lead to better health and even financial rewards.

Are There Additional Perks?

In addition to the standard benefits, some companies offer additional perks that enhance overall job satisfaction. These perks can include things like commuter benefits, tuition reimbursement, employee assistance programs, paying for certifications that hone employee skills, and more.

Your employee benefits are not just about the present. They also play a significant role in shaping your future, particularly when it comes to retirement and long-term financial security. So, take the time to explore and fully comprehend the benefits package offered by your new employer.