Magnet Employer


DEFINITION of 'Magnet Employer'

A popular business or businessperson to whom job candidates naturally gravitate. Magnet employers often have brand name recognition behind them, and they typically offer higher pay or better benefits than their competitors, thus making them a "magnet" for job seekers looking for superior compensation.

BREAKING DOWN 'Magnet Employer'

Unfortunately, magnet employers are not terribly common. Some companies offer lower pay and higher benefits, while others are more generous. But magnet employers often attract the best and brightest employees, which can make the company more profitable in the long run.

  1. Fringe Benefits

    A collection of various benefits provided by an employer, which ...
  2. Supplemental Executive Retirement ...

    A non-qualified retirement plan for key company employees, such ...
  3. Other Post-Retirement Benefits

    Benefits, other than pension distributions, paid to employees ...
  4. Health Reimbursement Account - ...

    Employer-funded plans that reimburse employees for incurred medical ...
  5. Portable Benefits

    Benefits that have been paid into or accrued in an employer-sponsored ...
  6. W-2 Form

    The W-2 form reports an employee's annual wages and the amount ...
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