benefits package
/ˈbɛnɪfɪts ˈpækɪdʒ/ · ben·e·fits pack·age
noun
- A set of non‑wage compensations and perks (such as health insurance, retirement plans, paid leave, and other fringe benefits) offered by an employer to employees. When she accepted the job, she was impressed by the generous benefits package that included dental coverage and a 401(k) match.
Synonyms
employee benefitsperksfringe benefitscompensation packagebenefits plantotal rewardsbenefit schemebenefits bundle
Antonyms
Did you know? The phrase 'benefits package' surged in popularity during the 1950s, when post‑World‑II employers began offering standardized health insurance and retirement plans as a way to attract and retain workers.