According to Dessler, benefits are indirect financial and non-financial payments employees receive for their employment with the company and which employees use to attract, recognize, and retain workers. (Dessler, 2020) Employees tend to gravitate to companies that offer the greatest benefits and work life balance for themselves and their families. The total compensation package with my organization is a big deal because it offers a lot of perks that a lot of companies do not. We receive our PTO days on January 1st(20 days with less than 5yrs of service, I receive 27 and buy 5 more days with 10 years of service), new hires receive a prorated amount of days based on the day they are hired during that calendar year. While we do not have the traditional sick and personal leave PTO banks, because we do not accrue our time, we are able to buy up to 5 additional days and can we use all days whenever we choose as long as the day is not available. Another element of our total compensation package is benefits(medical, dental, vision, life etc) start day 1 of your employment as long as you sign up for them. There is no 60 or 90 day waiting period for any benefits to start. It is typically standard for there to be a waiting period for benefits to start but my employer offers benefits and PTO days as soon as you start your employment. Those benefits are highly attractive to job seekers and to top it off we receive a pension and are fully vested after 3 years of service.
Dessler, G. (2020). Human resource management (16th ed.). Pearson/Prentice Hall. ISBN-13: 9780135172780