Companies Offer More Non-Monetary Perks at Work
You might not be able to spend them, but they sure come in handy. That's what employers are counting on as they sweeten the pot with non-monetary benefits to keep their top performers and attract new ones.
"On the heels of the recession, perks are a cost-effective way employers can reward and retain staff and attract new employees," said Max Messmer, chairman of Accountemps and author of Human Resources Kit For Dummies®, 2nd Edition. "The most popular incentives are those that aid in career development and give employees some control over their work schedules."
Messmer added, "Offering training and mentoring opportunities also helps businesses develop a more skilled workforce. Flexible work arrangements cost little to implement but show that a company values its staff and their work-life balance needs."
So which non-monetary perks are most common? According to a new survey conducted by Accountemps in which chief financial officers (CFOs) were asked about the perks they plan to offer or are already offering, subsidized training and education topped the list (29 percent), followed by flexible schedules or telecommuting (24 percent) and mentoring programs (24 percent).
Other perks that didn't rate as high on the list, at least with employers, include:
- Matching gift programs (24%)
- Free or subsidized lunch or snacks (11%)
- On-site perks such as childcare, dry cleaning, fitness center, cafeteria (11%)
- Subsidized transportation (10%)
- Subsidized gym memberships (9%)
- Sabbaticals (8%)
- Housing or relocation assistance (7%)
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