Employee Benefits Package

An employee benefits package is the group of benefits an employer offers in addition to regular wages or salary. It may include health coverage, retirement benefits, paid time off, insurance, and other perks.

A benefits package can combine employer-paid and employee-paid programs. What is included varies by company, workforce, eligibility rules, and plan design. Employers use benefits packages to support employees and strengthen their overall compensation offering, while employees should look at both pay and benefits when evaluating total compensation.