Of Perks and Benefits

Think bonuses, incentives and more as Jacie Tan sheds some light on the bigger picture of your employment contract.
Jacie Tan Cheng Hwee
Writer, gradmalaysia.com
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Many job offer holders think of only one thing when it comes to their employment contract – salary. While it’s easy to get caught up with the dollar signs, your salary is not the only financial advantage you receive with your employment.

Of course, you shouldn’t be demanding to know what perks your employers have lined up for you or whether you’ll be getting a company car from the get-go. Nonetheless, these are some benefits that you can expect to encounter in your job and they are worth paying attention to.

Bonuses

Many but not all companies offer their employees bonuses, which are sums of money given in addition to your salary to reward good performance at work. In certain lines of work, the employee’s annual bonus is substantial enough to be just as significant a consideration as their salary.

Medical benefits

Of course, you shouldn’t choose an employer based on whether they foot your dental bills, but it’s good to be aware of the extent of medical coverage your company offers. It could range from basic reimbursement of visits to the general practitioner to full health insurance as well as coverage for family members.

Performance incentives

If you’re a high performer who likes striving for new opportunities, this sort of incentive would be important to you. Check to see if your company offers all-expenses-paid trips or secondments to international offices as rewards for being a star employee.

Lifestyle perks

More and more employers are now offering subsidies for gym memberships and other sport activities. Alternatively, you could take advantage of staff discounts depending on what industry your employer is in. Hey, sometimes it’s the little things that add up!

Once again, remember not to get all starry-eyed and greedy when it comes to expecting salary and perks. Job-searching with the narrow vision of getting the best deal in terms of benefits is not a good way to go about it, especially if you are looking for your first job or are currently unemployed.

However, each job offer is a two-way contract that has its own unique advantages and should be duly considered as such. The best way to make any decision is to stay informed, manage your expectations and weigh up your options, so keep this in mind and all the best in your job hunt!