Sotheby's Benefits in United Kingdom

Sotheby's workers are given many retirement and welfare benefits. Like Sotheby's, numerous American businesses provide group health benefits, through which businesses typically foot the bill for a considerable proportion of their workers' health insurance premiums. In this system, employers are provided with tax deductions for their contributions and workers are given the benefits tax-free. Sotheby's provides health, dental, and vision plans. Sotheby's also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a dependable stream of cash later in life, a large number of employees use employer-sponsored retirement plans. Sotheby's provides defined contribution pension plans. With a defined contribution retirement plan, employers help workers save and invest for retirement.