Research a potential employer for your chosen career. Select one employer and
describe at least three employee benefits offered for your career. List the employer.
Be specific, such as stating the number of paid vacation days and the percentage of
health care coverage your employer will offer.
● (Name of the employer) offers these employee benefits…
○ (Name of the benefit) is an added non income factor because…
(Answer for all 3 benefits)
Amazon offers these employee benefits:
1. Health care coverage: Amazon offers medical, dental, and vision insurance for its employees. The coverage includes preventive care, hospitalization, prescription medications, and specialist consultations. The health care coverage also extends to employees' dependents, providing peace of mind for their families.
2. Paid time off: Amazon provides its employees with a generous paid time off (PTO) package. Full-time employees receive up to 15 days of vacation annually, which increases with seniority. In addition, Amazon offers paid holidays, bereavement leave, and personal time off to support work-life balance and provide time for rest and relaxation.
3. Retirement savings plan: Amazon offers a 401(k) retirement savings plan to help employees save for their future. The company provides a matching contribution of 50% on the first 4% of employees' eligible pay they contribute to the plan. This benefit encourages employees to take responsibility for their retirement planning and provides a valuable financial incentive.
Health care coverage is an added non-income factor because it ensures employees have access to necessary medical services and treatments without incurring significant financial burdens. This benefit promotes the well-being and overall health of employees and their families.
Paid time off is an added non-income factor because it allows employees to recharge, spend time with loved ones, and pursue personal interests. Taking regular breaks from work enhances productivity, reduces burnout, and contributes to a positive work-life balance.
The retirement savings plan is an added non-income factor because it provides employees with a tool to save for their long-term financial security. By offering a matching contribution, Amazon supports employees' retirement goals and encourages them to plan for their future financial needs. This benefit demonstrates the company's commitment to the well-being and financial stability of its workforce.