Benefits package in New York City

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Some benefits from employment may be provided in addition to your salary. These job perks may convince a potential employee to join a specific company. Evaluate what benefits are valuable to you when looking for a package. Benefits are often excluded from the employee's gross income and are therefore untaxed.

Generally, there are two types of benefits that an employee may get in addition to a salary:

  • Benefits-in-kind: These are benefits that an employee receives that cannot be converted into cash but have a cash value. Examples include provision of a company car, loans given at a special rate or provision of accommodation.
  • Benefits (other than benefits-in-kind): Examples include vouchers, holidays, payment of an employee's bills and prizes, group insurance (health, dental, life etc.), disability income protection, retirement benefits, day-care, etc.

For further information, you can visit EasyExpat article about package compensations and benefits.

Update 13/02/2020


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Find more definitions and general answers on expatriation issues in the Expat FAQ (Frequently Asked Questions).

Go to the Forum to talk more about benefits package in New York City, at work.

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