8 Part-Time Employee Benefits With Requirements

Part-Time employee benefits packages are a little different from full-time employee benefits packages. Whether you are an employer or an employee, it’s necessary for you to know about part-time benefits. 

Often the employee benefits and perks get confusing when it comes to full-time and part-time employees.

Therefore, we are here to tell you everything about part-time employee benefits, do part-time employees get benefits, and the requirements for part-time benefits.

Do Part-Time Employees Get Benefits?

Part-time employees are also eligible for benefits. But, full-time employee benefits and part-time employee benefits packages are not the same.

Part-time employees get some basic employee benefits such as health insurance, retirement plans, and some fringe benefits, while full-time employees get all types of employee benefits.

Companies or organizations customize benefits packages for their employees. So, as a part-time employee, you have to depend on your employer to get benefits.

How Many Hours For Part-Time?

In the United States, most companies work less than 32 hours per week, considered to be part-time.

The consideration of work hours as part-time employees also depends on the companies, job positions, states, and job agreements.

Typically, part-time employees get a limited salary, job facilities, and employee benefits than full-time employees.

Part-Time Employee Benefits

part-time employee benefits

Part-time employees are eligible for federal or state law-required employee benefits such as disability insurance, Family and Medical Leave (FMLA), and unemployment insurance.

But, there are also various employee benefits that employers offer, so part-time employees need to depend on companies for benefits.

Part-time employee benefits are:

  1. Retirement Plans
  2. Disability Insurance
  3. Health Insurance
  4. Paid Time Off (PTO)
  5. Tuition Assistance
  6. Unemployment Insurance
  7. Employee Stock Option (ESO)
  8. Overtime Laws

1. Retirement Plans

Retirement Plans are included in part-time employee benefits. A retirement plan is a savings plan that covers you for financial stability when you retire.

Individual retirement accounts (IRAs) and 401(k) are the most popular retirement plans provided by employers. Retirement plans are also one of four major employee benefits.

The requirement for retirement plans is that employees must be older than 50 years old. By the states you are living in, retirement plans requirements can be different.

2. Disability Insurance

disability insurance

Whether you are a full-time employee or part-time employee, employers must give you disability insurance because this employee benefit is required by law.

Disability insurance (DI) is an insurance policy that protects employees’ income when employees cannot work for injury or illness.

Disability insurance has two categories: Long-term disability insurance and Short-term disability insurance.

3. Health Insurance

Health insurance is one of the most desirable employee benefits that every employee values. Part-time employees are also eligible for health insurance or health coverage.

Employee’s hospitalization coverage, prescription drugs, hospital visits, and more regarding health expenses health insurance coverage.

Employees’ health insurance benefits depend on the individual’s state law, but most states have made health insurance benefits mandatory to be given by employers.

Health insurance often includes dental and vision insurance also. So, if you want to work as a part-time employee, you should check the health insurance benefits first.

4. Paid Time Off (PTO)

paid time off (PTO)

Paid time off or shortly PTO is an employee benefits policy that lets employees schedule their own preference days off from work but still get no loss of pay.

These days, PTO is one of the common employee benefits provided by companies. Although, this employee benefit is not required by law.

Paid time off benefits covers employees’ sick days, personal and family circumstances, vacations, and more.

5. Tuition Assistance

Tuition assistance and tuition reimbursement both are the same employee benefit. Tuition assistance pays some percentage of an employee’s educational expenses.

Tuition reimbursement benefit typically pays for tuition fees, parking, books, and study supplies.

Tuition assistance is also considered an important employee benefit for employers’ business success.

Many organizations offer their employees tuition assistance benefits. This employee benefit also helps companies to obtain industrious employees.

6. Unemployment Insurance

unemployment insurance

Unemployment insurance is also known as unemployment benefits. The unemployment insurance program provides benefits to those who are unemployed for no fault of their own.

The United States Department of Labor makes unemployment insurance mandatory to provide by every employer. Full-time or part-time, both are eligible for unemployment insurance.

But, unemployment insurance benefits are not the same for every state and organization. Unemployment benefits depend on individual state’s law, employer unemployment reasons, and more.

7. Employee Stock Option (ESO)

Employee stock option is another good benefit that employers should consider to give their part-time employees.

World’s some of biggest companies such as Stryker, Aflac, Nordstrom, and more offer stock options to their part-time employees as employee benefits.

8. Overtime Laws

overtime laws

The Fair Labor Standards Act (FLSA) established overtime laws for employees. Depending on states, overtime laws can change.

When an employee works more than 40 hours a week, who is going to be eligible for overtime laws, overtime pay is one and one-half times the regular hourly rate.

Overtime laws example would be, if you work $10 an hour, your overtime wages would be $15 an hour.

In the summer and holidays season, employees need to do overtime when employees get overtime pay also from employers.

Part-Time Employee Benefits FAQ

Can part-time employees get 401k?

Part-time employees are also eligible to get 401(k) as retirement plans. To be eligible for a 401(k) plan, part-time employees must work between 500 and 1000 hours in a company for 2 consecutive years.

Do part-time employees get health insurance?

Part-time employees can only be eligible for health insurance if employers offer it to them because federal or state law does not require health insurance for part-time employees.

Many companies offer their part-time employees limited health insurance as employee benefits.

What companies have the best benefits for part-time employees?

List of companies that have the best benefits for part-time employees:

  • Staples
  • Trader Joe’s
  • Starbucks
  • The Home Depot
  • Macy’s
  • Aerotek

Conclusion

Offering part-time employees benefits can be useful for employer business. Gradually companies understand the value of giving their employees valuable benefits packages.

Part-time employee benefits mostly depend on the employer because they make a blueprint for employee benefits.

Although state or federal law mandates some benefits for part-time employees, most benefits and perks are on the employer’s hand.

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