A benefits package includes incentives, benefits, and other perks that a club employer provides in exchange for work.
A benefits package, also referred to as a compensation package, is the combination of benefits that an employer offers to employees. When presented with a job offer, the benefits included in a package can vary greatly depending on the employer and position. However, almost every compensation package includes consistent wages or salary and may include a guarantee of regular increases based on the cost of living, time with the club, or the job performance of the individual.
Private club chefs are usually provided with fairly generous benefits packages compared to their counterparts in other restaurant settings. From an employer’s perspective, designing a good compensation package is often the key to attracting talented employees and keeping them for a long time while also promoting certain company values. Understanding what the people who work for the club really want and providing adequate compensation can also improve morale and performance. Offering higher wages is one strategy for improving a package, but employees also value their potential to earn more money later through raises and bonuses. Benefits offered to a club chef will vary from club to club, but these are the most common benefits and perks offered:
- Performance bonus
- Paid time off (vacation and sick days)
- Medical, dental, and vision insurance
- Life insurance
- 401k or contribution to another retirement savings plan
- Membership dues paid for American Culinary Federation or other culinary organizations
- Coverage for conferences, certifications, and other forms of continued education and professional development programs
- Allowance for research and development, such as dining out
- Allowance for chef coats and other work attire
- Coverage of any moving expenses or temporary housing needed during the transition
- In some cases, a club membership or club privileges
Bear in mind a position may not be eligible for all job benefits and perks the employer offers immediately. Some programs are open only to employees who have reached a certain tenure with the company. When presented with an offer, it is time to consider the entire package. If the proposed salary is not what is expected, examine the benefits and perks. A top-notch package may make a lower salary more appealing. Or if the perks are not what was expected, negotiating certain terms as well as salary is always an option.
For some, health insurance and a 401k plan might be the only must-haves when accepting a position. However, values, goals, and lifestyles vary from person to person, so there’s no one-size-fits-all perfect compensation package for a chef.