Sgt_Trollingham profile picture
Sgt_Trollingham profile picture

Sgt_Trollingham

Business Development Director

Valued Contributor
Opinionated
Catalyst
+4

What types of benefits do you look for when joining a new company?

Trying to do an analysis on how to better improve the benefits package at my company. We historically have had poor benefits, and this is thankfully changing. What benefits do people look for? I've already done an internal questionnaire, but I would like to see what the savages look for!


EDIT: US based, but company has international presence, so any suggestions from anywhere welcome!

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44 comments

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funcoupons
WR Officer
9
👑
Benefits with a good copay/cost share. A health spending account/wellness account is ideal.

Decent PTO balance, three weeks is the bare minimum. If I changed roles tomorrow I'd be requesting four.

If you have people who WFH, giving them an allowance to buy some decent office equipment. 
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Thanks for the input! Any insights on a decent wellness account example? 
If they have an office space available but CAN work from home, would you still allow a small allowance?
funcoupons
WR Officer
2
👑
Really depends on your company's budget, any amount is better than nothing. If you offer a comprehensive benefits plan, an additional $500-$1000 for gym/lifestyle expenses would be appealing.

If WFH is a choice, a budget for equipment isn't required. It's a nice offering if you can afford it but don't feel compelled.
Sgt_Trollingham
Valued Contributor
2
Business Development Director
That makes sense. Our HQ location has gym in the office building that employees can use free of charge... should non HQ employees be offered something similar? Bearing in mind they have a standing invite to relocate to HQ.
funcoupons
WR Officer
2
👑
Yes definitely, offering a gym reimbursement to those not at HQ would be a nice gesture.
CharmingSalesGal
Politicker
3
Account Executive
My previous company had free healthcare for the employee and it was a pretty good plan. The biggest thing I actively look for is 401k match tho.
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Thanks for the feedback. What sort of 401k matching do you think is fair/competitive?
CharmingSalesGal
Politicker
1
Account Executive
I think between 3-6% is pretty average! I know some companies will only match like 3% until you've hit your year anniversary and then bump it up to a 6% match, helps ensure people will stay!
Sgt_Trollingham
Valued Contributor
2
Business Development Director
That's fair enough, we do 4% and I think it's low, so an upgrade after a year or some kind of loyalty play makes sense.
CaneWolf
Politicker
2
Call me what you want, just sign the damn contract
Good health insurance is my big one. That's a big indicator to me of how I'll be treated. And they gotta match the 401k to at least some degree.
Beans
Big Shot
2
Enterprise Account Executive
RRSP Matching (Canada)
ESOP
Culture related things - recharge weeks, getaways, presidents club wins etc
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Do you think ESOP should be for everyone? Our company is pretty restrictive with it. 
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Here is the current offer:
WFH flexibility
401k matching
Healthcare (shit, but will be improved)
CuriousFox
WR Officer
2
🦊
WFH stipend for the reps that are remote.  

Cell phone reimbursement if a phone isn't provided. 

PTO
detectivegibbles
Politicker
1
Sales Director
If you have work from home employees, make sure they get an adequate stipend/budget to spend on equipment. 

Quality desk (standing desk for the win) along with quality computer and internet/phone comp. 

All seems trivial on the surface, but a good employee will utilize these to benefit the company. 
GDO
Politicker
1
BDM
pay
Wfh
Extra legal compensations
PTO
Sgt_Trollingham
Valued Contributor
1
Business Development Director
What do you mean extra legal compensations. 
GDO
Politicker
1
BDM
Car 
wfh expenses
meal voucher
representation expenses. 

we have 50% tax on labour in Belgium and 21% sales tax. That’s why we try to maximise the extra legal compensation first
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Company would be awesome, doubt they would go for it, but I will keep it in mind.
Fenderbaum
Politicker
1
Retired Choirboy🪕
21%? Good Lord.
GDO
Politicker
0
BDM
65% tax on bonuses btw. Oh and RSUs are taxed when granted, even if they don’t vest.

Belgium is as close as you can get to communism with the exception of actual communism
Bittersweet0326
Politicker
1
Digital Business Associate
Insurance for the family, time off, retirement, and other perks like paying out for staying healthy/going to the gym.
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Thanks for sharing. When you say retirement, do you mean a company sponsored pension plan? I find that more and more rare...
Bittersweet0326
Politicker
1
Digital Business Associate
Yea that is more rare for sure. I guess it depends. I wasn't real clear on this, but my point is more that the basics are pretty standard right. 401k being the most common for retirement, about a month of PTO when you start, things like that. What helps my evaluation is those extra things not everyone has. I have friends that work for a company that pays for basically their entire daycare cost and they have a fund of up to 13k that employees can draw from for out of pocket expenses. To put that into perspective we paid over 14k in daycare last year. That alone would automatically put the take home much higher than what is listed..along with whatever medical expenses.
Sgt_Trollingham
Valued Contributor
1
Business Development Director
That makes a lot of sense. Hopefully we'll get there one day. For now 401k and 17 days of PTO are what we have to live with.
mastersfan
Opinionated
1
Account Executive
A quality PTO policy. With little vacation the last two years, I've really come to value the time off

Sgt_Trollingham
Valued Contributor
2
Business Development Director
For the US, what would you consider quality? We have 17 days PTO and that increases 2 days every 2 years, topping out at 25 total.
mastersfan
Opinionated
1
Account Executive
20-30 days is really solid, IMO. I’m okay with a lower number if PTO can roll to the next year. I’m curious about unlimited PTO. I feel like anyone who abuses it would be performance managed out of an organization
Sgt_Trollingham
Valued Contributor
1
Business Development Director
We have the ability to roll over into unlimited years, which is really nice. I have never experienced or even heard of unlimited first hand... Yeah I guess that would be the case.
Hudsonsmom
Opinionated
1
Area Sales Manager
Good health insurance, some kind of 401k matching, mentorship program/plan for upward mobility and my future
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Thanks for sharing!
Upper_Class_SaaS
Politicker
1
Account Executive
A real ability to hit quota, good leadership & Solid comp
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Thanks for sharing!
heartburn
Good Citizen
1
VP of Sales
The opportunity to show the people you just left what you can actually do.
Sgt_Trollingham
Valued Contributor
2
Business Development Director
Ha! Love this!
SlinginSoftware
Politicker
1
Account Executive
I’m all about the flexibility
Sgt_Trollingham
Valued Contributor
1
Business Development Director
Thankfully, this is a given at my company!
Blackwargreymon
Politicker
1
MDR
Culture related things - recharge weeks, getaways, presidents club wins etc
Clashingsoulsspell
Politicker
1
ISR
If WFH is a choice, a budget for equipment isn't required.
Kinonez
Celebrated Contributor
0
War Room Enthusiast
Health insurance, retirement plan and a decent PTO policy. 
PeterSwan
Opinionated
0
Sales Specialist
Great comp structure, attainable quota, private health insurance, snacks, team building...
MR.StretchISR
Politicker
0
ISR
My previous company had free healthcare for the employee and it was a pretty good plan. The biggest thing I actively look for is 401k match tho.
Mr.Floaty
Politicker
0
BDR
about a 60/40 split at the moment, used to be 100% commision
Cyberjarre
Politicker
0
BDR
I'd feel too restricted living off my base. I'm about to buy a property and asked my manager if I should only factor in base in my budget.

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