{"id":4379,"date":"2021-05-29T11:36:39","date_gmt":"2021-05-29T11:36:39","guid":{"rendered":"https:\/\/www.goodwall.io\/blog\/?p=4379"},"modified":"2023-02-06T02:24:40","modified_gmt":"2023-02-06T02:24:40","slug":"perks-and-benefits","status":"publish","type":"post","link":"https:\/\/www.goodwall.io\/blog\/perks-and-benefits\/","title":{"rendered":"Employee Perks and Benefits: What Are They &#038; What&#8217;s the Difference?"},"content":{"rendered":"<div class=\"post-body\">\n<p>Are you getting everything you want and need and then some? If not, then why are you settling for anything less?<\/p>\n\n\n\n<p>You deserve the very best, don&#8217;t you? This especially is true through how you make a living. The perks and benefits you receive say a lot about the company you work for.<\/p>\n\n\n\n<p>It&#8217;s crucial to choose wisely and make sure you understand what is being provided for.<\/p>\n\n\n\n<p>These deciding factors can make or break if&nbsp;a job is&nbsp;the right fit for you. Would you like to know the difference between perks and benefits? Read our guide below to unpack everything you need.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-green-cyan-color has-css-opacity has-vivid-green-cyan-background-color has-background is-style-default\"\/>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" src=\"https:\/\/www.goodwall.io\/blog\/wp-content\/uploads\/2020\/09\/cta-blog-download-app-v3.png\" alt=\"download the goodwall app image 3\" class=\"wp-image-2275 size-full\"\/><\/figure><div class=\"wp-block-media-text__content\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:22px\"><strong>Looking to Land Your Dream Job?<\/strong><\/p>\n\n\n\n<p style=\"font-size:18px\">Sign up to Goodwall!<\/p>\n\n\n\n<ul><li>Learn skills to become more competitive<\/li><li>Create a professional portfolio to highlight accomplishments<\/li><li>Search through over 5 million jobs &amp; internships<\/li><li>Ask career questions and receive support<\/li><\/ul>\n\n\n\n<p style=\"font-size:18px\"><strong>Download the app now to get started for FREE!<\/strong><\/p>\n\n\n\n\n<div class=\"store-buttons-section\">\n    <div class=\"store-button-box\">\n      <a target=\"_blank\" href=\"https:\/\/goodwall.onelink.me\/45N9\/518642a3\">\n        <img src=\"https:\/\/www.goodwall.io\/blog\/wp-content\/themes\/goodwallblog\/images\/app-store.svg\" \/>\n      <\/a>\n    <\/div>\n    <div class=\"store-button-box\">\n      <a target=\"_blank\" href=\"https:\/\/goodwall.onelink.me\/45N9\/blog\">\n        <img src=\"https:\/\/www.goodwall.io\/blog\/wp-content\/themes\/goodwallblog\/images\/play-store.svg\" \/>\n      <\/a>\n    <\/div>\n<\/div>\n\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-green-cyan-color has-css-opacity has-vivid-green-cyan-background-color has-background is-style-default\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">What Are Perks?<\/h2>\n\n\n\n<p>Employee perks can be classified as anything that will&nbsp;benefit an employee&#8217;s well-being. You can tell a lot about a company&#8217;s culture through its perks.<\/p>\n\n\n\n<p>These perks are non-wage-based and aren&#8217;t as important as employee benefits in the employee&#8217;s decision-making process. You can think of them as bonuses to sweeten the deal.<\/p>\n\n\n\n<p>Examples of employee perks include:<\/p>\n\n\n\n<ul><li>Flexible schedules<\/li><li>Gym memberships<\/li><li>Company car<\/li><li>Standing desks<\/li><li>Discounted travel<\/li><li>Premium hotel suites<\/li><li>Summer Fridays<\/li><li>Free food and snacks<\/li><\/ul>\n\n\n\n<p>When searching for employment, do not see&nbsp;commute length and growth opportunities as employee perks\u2014they aren&#8217;t. They are merely circumstantial factors in the decision-making process. Remember to&nbsp;<a href=\"https:\/\/www.goodwall.io\/blog\/questions-to-ask-before-accepting-job-offer\/\">always ask questions<\/a>&nbsp;before accepting the position.<\/p>\n\n\n\n<p>There are performance-based employee perks as well. An example of this would be an employee recognition program. This is another form of incentivizing your employees by acknowledging achievements, gamification, and <a href=\"https:\/\/www.goodwall.io\/blog\/teamwork-quotes\/\">teamwork<\/a>.<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>Related Read<\/strong>: <a href=\"https:\/\/www.goodwall.io\/blog\/how-to-choose-a-career\/\">How to Choose a Career: The Complete Guide to Picking One You\u2019ll Love<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Are Benefits?<\/h2>\n\n\n\n<p>Employee benefits&nbsp;complement an employee&#8217;s salary through non-wage-based compensation.&nbsp;When seeking out employment, a common question or concern is benefits.<\/p>\n\n\n\n<p>They will cover the basic needs of an employee. When certain employee benefits are offered, it will alleviate some stress in their life. When&nbsp;<a href=\"https:\/\/www.healthline.com\/health\/work-stress\" rel=\"noreferrer noopener\" target=\"_blank\">natural stressors<\/a>&nbsp;and concerns are taken care of, the employee will get their work done more readily.<\/p>\n\n\n\n<p>Examples of employee benefits include:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.goodwall.io\/blog\/how-to-choose-health-insurance\/\">Health insurance coverage<\/a><\/li><li>401(k)<\/li><li>Pre-tax transit assistance<\/li><li>Stock options<\/li><li>Healthcare (Medical, Dental, Vision)<\/li><li>Life insurance<\/li><li>Maternity\/Paternity leave<\/li><li>Paid Time Off<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Difference Between Perks and Benefits<\/h2>\n\n\n\n<p>Are you still confused about the difference between perks and benefits? An easy way to tell the difference is employee perks are wants, and employee benefits are&nbsp;needs.<\/p>\n\n\n\n<p>Think of your wants and needs. Your wants would be things like taking a trip somewhere, going out to a nice restaurant, or seeing a movie.&nbsp;<a href=\"https:\/\/www.healthline.com\/health\/mental-health\/how-to-take-a-mental-health-day\" rel=\"noreferrer noopener\" target=\"_blank\">Your needs<\/a>&nbsp;would be food, water, money, and shelter.<\/p>\n\n\n\n<p>Employee benefits are the more solid option, whereas perks are the bells and whistles.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Refer to Our Perks and Benefits Guide<\/h2>\n\n\n\n<p>We hope by now you have a clearer picture between perks and benefits. This ought to make your next job hunt more meaningful.<\/p>\n\n\n\n<p>In the end, it&#8217;s up to you. If your wants and needs aren&#8217;t being met, seek elsewhere. Before you know it, you will belong to a company that respects and values you.<\/p>\n\n\n\n<p>For&nbsp;more information on&nbsp;<a href=\"https:\/\/www.goodwall.io\/blog\/category\/career\/\">careers and jobs<\/a>, read our blog. We thank you for reading, and please leave any questions or comments you may have on benefits and perks below!<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>Related Read<\/strong>: <a href=\"https:\/\/www.goodwall.io\/blog\/work-life-balance\/\">Work-Life Balance: What It Is &amp; Strategies for How to Manage It Effectively<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>What are perks and benefits? 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