Compounding benefits are crucial for reaching financial goals. Workplace compensations, including healthcare and equity, extend beyond salary. Long-term tenures in roles can activate features in workplace benefits, enhancing investment accounts like 401(k)s. Contributions to these accounts grow tax-free, and employer matching boosts initial investments, resulting in substantial compounded earnings. Equity compensation relates directly to company performance, providing an opportunity for significant growth, particularly in favorable market situations, potentially outperforming standard bonuses.
"The total rewards your company offers go beyond your salary-your compensation can include everything from healthcare to equity compensation."
"Remaining at a role longer-term can be more than just a milestone: Tenure may unlock certain features in your workplace benefits, or simply allow workplace investment accounts such as 401(k)s to build and have a greater impact on your overall financial trajectory."
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