Employers Bring Back Job Perks

December 2nd, 2010 by

Let’s be honest – everyone appreciates the perks that certain jobs can bring. At the peak of the economy job perks were as golden as the job itself. Perks like the famous end-of-year bonuses, continued education tuition assistance, lavish off-site holiday parties or discounts on day care costs and gym memberships are some of the big incentives companies have used to win employees and stand out among competitors.

In the midst of a game-changing economic recession, however, many companies had to place job perks on hold, with the focus no longer about all the extras, but about providing a reliable paycheck.

According to the research director of Forum for People Performance Jennifer Rosenzweig, job perks are beginning to return to the table. As the recession dwindles down and companies begin to see more positive profit margins, job perks are making a comeback.

The comeback of perks means that we are slowly, but surely digging ourselves out of this recession hole. It also means that to stay competitive and continue to attract talent, companies must get back in the perk game. Obviously salaries, benefits and internal relationships weigh heavily on an employee’s choice to stay long-term with an organization, but often it’s the small things that can make the difference. Job perks help preserve top talent, attract new talent, maintain company morale and build a reputation as a company that appreciates the hard work of all its employees.

What can you give your employees this holiday season? Maybe your budget won’t let you provide anything extravagant. Consider an in-office luncheon, a small holiday dinner, or handwritten thank you notes. It’s important to realize that this year’s gifts don’t have to be something grand.

Most employees understand the financial cutbacks and sacrifices that have recently been made. It’s the simple and small gestures that remind employees they are appreciated and valued, and that their efforts have not gone unnoticed.

For more information or to discuss related issues to job perks, please call a member of CAI’s Advice and Counsel team at (919) 878-9222 or (336) 668-7746.

Photo source: Kelvin Kay

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