In a lot of organizations, a good benefits package can be worth a lot of money. In some cases, improving benefits, such as 401K and health insurance, can be more valuable than the direct cash benefits of a bigger raise or annual bonus.
A survey by Columbia's own Colonial Life Insurance found it was believed that a lot of employees may not fully understand the benefits their employers offer:
More than 90% of employers who responded said it was important to their business that employees understand and appreciate the value of their benefits. Only 21% of employers think their employees have a good understanding of their benefits. Nearly 5% think their employees know nothing at all about their benefits.
As always, we encourage our readers to do their homework and be informed. So take a little time to make sure you know what YOUR employee benefits are. They could make your employment a lot more rewarding.