Meaning of the word "salary and benefits" in English

What does "salary and benefits" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

salary and benefits

US /ˈsæl.ə.ri ænd ˈben.ə.fɪts/
UK /ˈsæl.ər.i ænd ˈben.ɪ.fɪts/
"salary and benefits" picture

Noun

the total compensation package provided by an employer, including regular pay and additional perks like insurance or vacation time

Example:
The job offer includes a competitive salary and benefits package.
We need to discuss the salary and benefits before I sign the contract.