There was a time when the primary value proposition of an employer to potential employees was financial compensation: a good hourly wage, strong salary and/or lucrative bonus structure was often all the motivation many workers needed to apply for a job with the employer offering that compensation.
But, as the importance (and expense) of other lifestyle needs have grown, benefits like health and dental insurance and others have increased. In a way, these other benefits are almost akin to financial compensation, however, in the sense that there is an identifiable financial benefit associated with them. An employer-provided insurance plan may offset $1,500 in monthly costs for an employee, for example. That’s a real and concrete financial benefit.
