Benefits, incentives and perks

An employee benefits package includes all non-wage compensation provided by an employer. 

These benefits, perks, packages, etc...might include employer-sponsored health insurance, paid time off, and retirement plans.

In addition, you may find that a prospective employer is willing to offer other attractive perks in order to attract and retain employees

Things which usually are/ should come as standard 

• Private medical
• Car Allowance > this on average is usually between £5-8K dependent on the seniority of the role and level of travelling required. 
• Bonus > It does depend on the overall % of each though and how they pay out. Some very high level c suite execs will be tempted by 100%  performance related bonuses which pay out yearly. For more growth focused business with a clear exit, many execs will take less performance annual bonus in return for a very lucrative exit focused equity or ltip. Regardless of sign on / pay-outs / ltips / equity, most execs will expect annual performance bonus of 30% - 50% as a minimum. 
• Pension > many people will be looking for more then statutory at an exec level - most people would be looking for a minimum overall of 10% (5% employee / 5% employer split). However businesses looking to be very competitive will have schemes of up to 20% employer contribution. A more reasonable yet still competitive package would be a like for like scheme where the employee puts in up to 10% and the employer will match that with another 10%.

Things we are increasingly seeing companies offer

• Life insurance / income protection.
• Cycle to work scheme / or fully paid public transport to reduce car use.
• A set structure to sabbatical for example > 4 weeks paid leave every 5 years of service, on top of annual leave.
• Unlimited annual leave.
• Flexible working > we personally have introduced a set amount of time where employees can work anywhere in the world each year.
• Employee assistance or subscription to services such as mental health / financial planning etc > we are also seeing increased interest and use of paid wellbeing apps or digital healthcare.
• Parent / maternity package above statutory.
• Paid executive training and coaching.
• Company discounts or perk programmes.
• Gym membership or wellbeing funds.
• Away days / team holidays.