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Most employee benefit plans typically refer to retirement plans, health insurance, life insurance, disability insurance, vacation or paid leave, employee stock ownership plans, etc. Benefits are becoming increasingly expensive for businesses to provide to employees, so the range and options of benefits are changing rapidly to include, for example, flexible benefit plans or cafeteria plans. Compensation or wage and salary programs can often be structured to include bonus-based programs, merit-based programs and commission-based programs as well.
Another factor to be considered when making a career choice is employment potential. Although it should not be your first consideration, the outlook for the future of your career choice is important. Because of technology, some employment opportunities have changed or become obsolete. The Occupational Outlook Handbook is the best resource for determining if a career is going to grow faster than average, remain the same or falter.
