Your Employer Is More Likely To Give You These Perks Rather Than A Raise

Your job is giving out perks to their employees and get this - it's not a raise.

Companies are moving away from monetary benefits and focusing more on "lifestyle" benefits. Luckily, so are employees. The shift toward non-monetary benefits (health insurance, vacation and paid time off and a 401k retirement plan) seem to be in line with what workers want. Wages and salary now make up only 68% of employees' total compensation, according to a new analysis of Bureau of Labor Statistics data, by Bank of America Merill Lynch.

More than 43% of companies offered "wellness programs" to help workers improve their fitness and health in 2017. Also, the share of employees who say having paid time off is "very important" increased to 63 percent in 2015. According to Bank of America's report, 88 percent of people would consider a lower-paying job to get perks like flexible hours and good insurance.

Think about it...having great health insurance and paid time off with a good, steady paycheck and flexible hours is the recipe for the perfect job. When applying for those new positions, be sure you know what the company's overall package is! In today's society, it's important that you make sure you get the 'bang for your buck.'

Article Source: NY Post