Company perks

Company perks are benefits that employees receive in addition to their salary. They can be tangible (a company car), intangible (a free lunch), or both.

These days, companies are competing hard for talent--especially when it comes to high-level positions and industries where there's a shortage of qualified candidates. Offering perks like these can help you stand out from other employers who may not offer them at all or don't do so at the same level as yours does.

Companies offer perks in the workplace to attract and retain talent, improve the employee experience, improve employee satisfaction, improve engagement and productivity, and increase retention and loyalty.

Before deciding on a perk, consider your company culture and goals. Are you trying to attract candidates who value flexibility or loyalty? Do you want them to feel like they're part of an exclusive group with access to special events? Or do you just want them happy and productive at work?

Before you can implement company perks for employees, you need to have a clear budget and policy. You also need to communicate with your employees about the perks and who can take advantage of them. Your communication plan should include:

1. What are the perks?
2. How much do they cost?
3. Who should be eligible for them?

Making the most of your employee benefits is important to retaining top talent.