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Employee Benefits: A Key Tool For Financial Security

October 2022

Barbara O’Neill, Ph.D., CFP®, AFC®
Distinguished Professor and Extension Financial Management Specialist Emeritus
Rutgers Cooperative Extension

Many employers offer their workers tax-free benefits in addition to a paycheck. Benefits are generally no or low cost and include products or services that workers would otherwise have to pay for out-of-pocket or do without.

Employee benefits have never been as important as they are today in the wake of high job turnover (i.e., the "Great Resignation") and the subsequent "war for talent," as many employers struggle to fill job openings.

Below is a brief description of common employer benefits to consider in today's competitive labor market:

Bottom Line: If you are looking for a job in today's competitive labor market, consider employee benefits.