I am fortunate to work in an office that offers most of those perks. I am thankful to work for a company that values its employees and offers awesome perks. And while five weeks of paid time off might seem like a large chunk of unproductive time, it actually only amounts to 2% of an employee’s time within a five-year span. I’d rather have more perks at the office than a raise anyday! As we’ve discussed on this blog before, work-life balance is a thing of the past. Let us know in the comments below. Absolutely, Josh! Working in tech in the Silicon Valley has spoiled a lot of people in our office. Save my name, email, and website in this browser for the next time I comment. Access to healthy snacks in the office will make for happier, healthier, and more productive employees. My job currently offers unlimited PTO and due to that, scheduling life hiccups becomes much easier. It is amazing how much it means to them when an office member lets them visit on the phone beyond a specific work-related topic. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. In fact, there are some well-documented benefits to offering employees stocks and equity. In fact, this preference is so strong, one study found 80% of employees want perks or benefits more than they want a pay raise. All employees crave recognition and want to know their employers care … A lot of good perks but some jobs don’t have these so be lucky if your job does. Employees will appreciate the gesture. with 12 or less lines, & port- from AT&T, Verizon, or Claro required. All things being equal, an employee will take a job with a short commute over a long one. Realizing that really opened my eyes to how much employees are impacted by things other than their wages. 59 Ridiculously Fun Virtual Happy Hour Ideas Part of this new attitude is the idea that the office should be an enjoyable place to be. If you’re looking for something simpler (or you have the resources available to create your own grass-roots program), we recommend checking out this list of awesome ideas to help get you started. In the end, evaluating the benefits of employee discounts and possible drawbacks is a crucial step. How It Works The reasons for this are manifold. A lot of useful information here. Many technology companies choose to beta test their products internally first, killing two birds with one stone: employees feel included and “in the know,” while product managers gain invaluable feedback as they get their product ready for launch. Gym memberships are one of the best perks a company can provide. One example comes right from a GoodRx employee who was prescribed modafinil to help with sleep apnea and daytime fatigue. We pay for nothing as far as general healthcare. Thank you, Julie! This cycle repeats day in and day out, until one day you catch yourself in the mirror… and it’s not pretty. Thank you, Sherry! Childcare and paid parental leave are becoming more and more a mainstream issue with recruits. Although you can still contact PEBP by phone, members may receive additional assistance by logging into their PEBP account and sending a secure message or reviewing plan documents. Skip the form below and login here. Employees can search the map for local discounts, find deals on national partners like AT&T, Samsung, Costco, or use their rewards credits to purchase gift cards from over 200 of their favorite brands. Sitting for too long at work brings with it a host of negative long-term health effects, including increased risk of cardiovascular issues and cancer, as well as chronic conditions like Type-2 diabetes. And, companies with engaged teams have 12% higher profitability. Keep posting. Thank you!? In fact, there are some well-documented benefits to offering employees stocks and equity. Great information for our company. We use cookies to create the best site experience. Employees can simultaneously work and go to school, saving doubly in tuition fees and the opportunity costs of being unemployed. The term “balance” implies that “work” and “life” are countering each other, perpetually at odds. I just wish these perks would be much more commonplace in the office. Employee & Retiree Perks. From the adm side of it, it can be frustrating as the company is investing hundreds of dollars per month and it’s not noticed. It seems that companies are starting to offer more to employees instead of increasing pay. This website uses cookies so that we can provide you with the best user experience possible. A whopping 80% of respondents in our study said that some form of professional development was either “important” or “very important” to them. Is there a feedback channel at your company to let them know sustainability is important to you? Effective March 16th, the Public Employees’ Benefits program has implemented strategies to address the spread of COVID-19 by significantly reducing on-site staffing. That’s great to hear, Kathy! To figure this out, we compared the frequency of perks offered with the importance that employees place on then. Here are ten facts you probably won’t hear them admit:1. GO TO PERKS AT WORK To use our new program, click the above link or visit www.PerksatWork.com and log in using your existing username and password. Awesome, thanks for sharing, Valerie! A big one is that an employee who doesn’t get recognition at work is twice as likely to say they’ll walk out the door (probably to work for a competitor) in the next year. Interesting read… I’d love to see the results if the poll question was asked in two parts: 1.) Thanks! Keep employees smiling and engaged by offering recognition boxes packed with nourishing snacks, practical productivity supplies, and celebratory goodies—all carefully curated to invigorate your company culture no matter where your team works. Love the posters but we’re more of a tongue-in-cheek kind of office. Workplace wellness programs are becoming an increasingly popular benefit offered by employers. More people are sacrificing their health for more money. Let’s start with how good it feels to be recognized at work. Guides and Resources Want more insights like these? It sets the right tone to keep your office healthy during cold and flu season. As we’ve already seen, both parents work in the majority of households with children in the U.S. We are fortunate to have Unlimited PTO, free snacks and drinks, and team activities. I’m still trying to come up with more ideas to keep the happiness flowing, and this article definitely helps. Don’t know what I’d do without PTO! Sarah, does a nice job on a presentation. This trust engenders a feeling of mutual respect between the company and its employees, and the result is a more balanced, more productive workforce. And as useful as it can be to make sure that newly hired employees jive well with the established culture, this practice also brings a danger that you’re just creating an army of “cultural clones” (an idea proposed by Adam Grant in his new book Originals). In our survey, it ranked as the third most important perk, behind health insurance and 401(k) matching. Try implementing a rewards program like bucketlistrewards.com for more of these experiential bonuses. Company perks remain a major opportunity for most companies, who aren’t taking full advantage of the appeal of non-monetary benefits for most employees. Keep up the good writing. Paid maternity and paternity has a psychological effect that extends to everyone, regardless of their parental status. That’s a great idea, Joanne. I know for me personally when looking for a position benefits specifically health benefits are a huge deciding factor. Thanks for weighing in. Two years ago we started a wellness program and won a silver award level award this year for healthiest worksites from FCWWC! And of course, thanks for your effort! Similarly, studies have shown that once our basic needs are met, experiences contribute to our long term happiness much more than material things. What perk do you currently have that you most value, and 2.) After all, time is our most valuable resource – it’s the one thing we can never get back. GO TO PERKS AT WORK To use our new program, click the above link or visit www.PerksatWork.com and log in using your existing username and password. Thanks for the informative post. of 45 studies on the effects of incentives. Learn more about getting started with Bonusly here. Absolutely. We also have plenty of resources to help when you’re ready to start your overall cultural deep dive. Companies need the “perks” to help pull great talent. An added benefit? This post helped me to know some new things about insurance. Get more because of where you work. You’re right, Erin, that would be a great question to ask! I agree with this article completely, my only question is how to get things like this started!? Even something as simple as encouraging daily stretching or walking meetings can have a tremendous impact. That’s where unique office perks come in. And Sonic Boom’s offerings go far beyond physical activity to address optimal nutrition, financial fitness, stress-management, sleep, mental wellbeing, and more – they also deliver biometric screenings, health assessments, and a unique approach to personalized health coaching, all within a comprehensive employee-wellness hub. Also, we do not have to worry about using all of our vacation days at the end of the year. Mandatory health programs can make employees feel that they are being dictated to, and will diminish morale. Interesting, you see allot of articles these days claiming the opposite. I am lucky enough to work someplace where most of these are offered. Work-Life balance is essential to the health of our employees and company culture. Also, earn points for every dollar you spend and get even more stuff for free. I agree, Rachel. Because we know when they’re happy, you’re happy. to change according to the employer's agmt. A 2015 study published in the Annals of Internal Medicine found that the sedentary nature of American work-life is having a deleterious effect on the health of American workers. To make a meaningful impact companies need to express that care in ways that go beyond the standard paycheck and benefits package. Zen Payroll CEO Joshua Reeves believes that this focus helps create “an ownership mentality,” and finds that an open vacation policy empowers his employees to focus on what’s best both for themselves and for the company. What perk do you not yet have that you most *wished* your company offered? Today’s employees (especially younger ones) have become accustomed to being catered to, and high-end perks are increasingly expected among workers with the most in-demand skill sets. GoodRx is accepted at 70,000+ pharmacies and is 100% FREE to employers and employees. Increasingly, the expectation – especially from Millennial workers – is that you should be able to be your true self at work. We have benefits, 401K, Paid vacation and sick time, flexible schedules and that’s just to name a few! Fringe Benefits . Emotionally, affording employees flexibility in their schedule demonstrates that they are trusted partners (not just 9-5ers chained to a desk), and leads to higher engagement. The best part for them, is that they’ll be rewarded in the long run with higher productivity. Fantastic article! 25 Virtual Holiday Party Ideas For Spirited Festive Fun That IS a great one. Access Perks: the Biggest Savings, the Most Places to Save. Thanks for reading! aggregated child care costs across the United States. Learn More. So easy to burn out when you feel like you have to check in on weekends as well. Using PerkSpot helps me save money on those special surprises for them as well as necessities for the house.". As an employer, the effect of the sedentary demands placed on workers includes increased health care costs and a less productive workforce. Offering fertility programs and over-delivering on maternity benefits sends a clear signal to employees that there are more important things in life than work, and investing in them is yet another way to cultivate a culture of respect between employee and employer. For instance, while $15 and $20 copays are common with insurance plans, thousands of drugs are under $10 with GoodRx. These employee perk program and employee discount program divisions are owned and operated by the same team at Entertainment Benefits Group (EBG) based in Orlando, Florida. And there are powerful business reasons to offer a recognition program. Having a flexible work schedule this day in age is a must! But offering paid sick days signals to employees that it’s ok to stay home when they’re under the weather. That`s a nice article! They set the example, and employees will follow their lead more often than not. For a small company which has been around for five years (a long time in the startup world) it’s been a challenge to bring change to the current office climate. Website Accessibility Policy, 59 Exciting Employee Engagement Ideas Users get discounts on everything from dining to fitness to retail — plus, working with a third party eliminates the hassle of negotiating discounts yourself.At the end of the day, you want your employees to know you’re looking out for their wellbeing whether it’s relevant to work or not, and exclusive employee discounts are a great way to show you care. Most companies agree that people are their most valuable assets. Employees also like the fact that they may suggest a merchant to Perkspot so that they can look into negotiating further discounts for CB.”, "Thanks to this program I was finally able to afford Lasik eye surgery. 40% of respondents to Glassdoor’s Q3 2015 employment confidence survey said that they value health insurance more than a pay raise. These are all really great perks. It has made a major impact in my life and I will be forever grateful for the 25% assistance. This need becomes even more acute as offices shift to virtual work models, leaving employees craving connections and bonds in the sudden absence of break-room banter and office happy hours. If you don’t have space or money to invest in an onsite gym, there are a number of creative ways to introduce physical activity into the workplace. In the long run, hiring for cultural contribution is a more sustainable practice and one in which everyone benefits. I am extremely lucky to work for a company with a robust healthcare plan as well as 401K, Parental Leave, and PTO. Anything your company does that we missed? Please let me know for the upcoming posts. These employee benefit packages may include overtime, medical insurance, vacation, profit sharing and retirement benefits, to name just a few. 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The employer-employee relationship huge factor in today ’ s in the next box as much as 44 percent. ” for! Our site so be lucky if your job does have adopted this approach, employees! Have higher pay then some of these our company has several of these.! From companies may be the most valuable employees with gift cards of their day then some of these!! Ts great article regarding cultureand fully defined, keep it up all the non-wage benefits 401K! As general healthcare as necessities for the great information you provide to us all from GoodRx... Expensive than public or private insurance cares about them and growth of our life, and the was.