Benefits packages are collections of non-wage compensations provided to employees in addition to their regular salaries. These packages often include health insurance, retirement plans, paid time off, and other perks that enhance the overall compensation experience. By offering these benefits, employers aim to attract and retain talent, improve employee satisfaction, and promote a healthy work-life balance. A well-structured benefits package can also contribute to a company's culture and reputation. For instance, offering flexible work arrangements or wellness programs can demonstrate an employer's commitment to employee well-being. Ultimately, a comprehensive benefits package can lead to increased productivity and loyalty among employees.