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Employee perks are additional benefits or incentives provided by employers beyond salary and traditional benefits, aimed at enhancing the overall employee experience and job satisfaction. These perks can range from flexible work arrangements and wellness programs to company-sponsored events and learning opportunities, ultimately contributing to a positive workplace culture and employee retention.
Employee perks aim to enhance the overall employee experience, increase job satisfaction, and improve employee retention. Employee perks can include various offerings such as flexible work arrangements, wellness programs, professional development opportunities, childcare assistance, gym memberships, employee discounts, and more.
The best employee perks are those that align with the needs, preferences, and values of the workforce while supporting the organization's goals and culture. Some of the most highly valued employee perks include:
Types of employee perks:
The difference between traditional and non-traditional employee perks:
1. Traditional Employee Perks: Traditional employee perks are commonly offered benefits that have been traditionally associated with employment packages. These perks are often considered standard or expected by employees and may include:
2. Non-Traditional Employee Perks:
Non-traditional employee perks go beyond the standard benefits and often focus on enhancing the employee experience, fostering a positive work culture, and addressing the diverse needs and preferences of modern workforce. Non-traditional perks may include:
The benefits and perks that drive the highest employee satisfaction and engagement may vary depending on the unique needs and preferences of each workforce. Conducting regular employee surveys, feedback sessions, and analyzing turnover data can help organizations identify which perks are most valued by their employees and tailor their offerings accordingly. Ultimately, providing a diverse range of meaningful perks that address employees' holistic well-being and align with organizational values can contribute to higher satisfaction, engagement, and retention rates.
Making perks more affordable:
These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).
Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.
eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.
Choosing the right employee perks involves considering the needs, preferences, and values of your workforce while also aligning with your organization's goals, culture, and budget. Here are some steps to help you choose the right employee perks:
