How to Calculate the Value of Work Perks

When you are considering a job offer, understanding the total value of the offered compensation package can be difficult. We all know the basics like salary are important, but it pays to be mindful of other perks and benefits that could add value to the offer. In simple terms, work perks are benefits in addition to a basic salary. They can be as simple as free tea and coffee, meals at work or fresh fruit – but they can also include health insurance, retirement plans, childcare payments and tuition fees. Benefits can be offered to full-time and part-time employees, but part-time employees may be offered fewer. Employee perks are offered on top of a basic salary and add value to the workplace for you as an employee. This makes the job offer more enticing – but it is important to know and understand just how much your work perks are worth so that you can get an idea of the total remuneration you can expect.