What are Employee Benefits?

Extras or perks as they are often called are benefits given to employees by their employer. These St. Augustine employee benefits are over and above the wage the employee receives for his or her contribution to the company. Some common benefits are paid vacation and leave. In some jurisdictions there are certain benefits that are mandatory and required by law while others are optional.

In many places the employer must provide his or her employees certain benefits; for example, there are areas where the employer must pay certain taxes which are for the benefit of the employees. In many cases employers are legally obliged to provide their employees with certain types of insurance, the employer will have to ensure that an employee is covered in the event he or she was injured at work. Other employers are obliged to give their employees disability insurance which will at least give an employee who is disabled some source of income no matter how small, this is regardless of whether the disability was the result of a work related incident or not.

To attract and keep employees many employers go far beyond what they are required to do by law. It is not rare at all for a potentially valuable employee to receive offers of employment from two companies, in many cases if the wage is somewhat compatible the employee will make the decision based on the benefit package that is being made along with the job. Depending on a potential employees circumstances or even a current employee, the wages are less important than the benefits, this can be especially true if the employee has a large family and his job provides full family health care insurance.

Health care cover is one of the employee benefits in St. Augustine area that are most desirable. There are countless thousands of people who do not have medical coverage and have to pay for any and all care by a doctor or dentist directly from their resources. With medical costs being what they are, even a night in hospital can cost an uninsured individual a great deal of money, should the injury be serious and require extensive hospitalization and specialist medical personnel the financial burden can be enough to force the individual into bankruptcy. With this being the case it is easy to see why companies that offer a generous employee benefit package find it easier to attract and keep valued employees.

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