30 Great Perks at Work to Encourage Retention & New Hires

Benefits are non-wage compensation for out-of-pocket expenses that an employee would otherwise have to pay for on their own. Some common benefits are health insurance, IRA contributions, paid time off, pre-tax transit assistance, and life insurance. Perks are incentives that impact an employee’s … See more

FAQs about 30 Great Perks at Work to Encourage Retention & New Hires Coupon?

Do perks improve employee retention and satisfaction?

We surveyed 127 North American and European businesses between January and February 2023 about the perks they offer employees to improve staff retention and satisfaction, as well as which have provided the most value for employees. ...

Which perks make a company a good employer?

Perks that address employees' needs, such as work-life balance and recognition at work, can develop company loyalty. These are 30 perks that will put your company at the top of job seekers’ lists and keep your employees on board for the long haul. First things first, what is the difference between a perk and a benefit? ...

What incentives can companies offer to retain their best talent?

Below, 12 experts from Forbes Human Resources Council share the best incentives that companies can offer to retain their best talent from moving on to another company. Forbes Human Resources Council members share their insights. Photos courtesy of individual members. 1. Make Employees Feel Valued, Heard, Respected ...

Do employee perks affect employee engagement?

Also called fringe benefits, they are an important component of your company culture. Employee perks don’t have a direct impact on engagement. However, when planned strategically, they can support your engagement initiatives by reinforcing your company values and culture and building an employer brand that attracts and retains talent. ...

What are employee perks?

Employee perks can help you meet those three fundamental needs and create a work environment that people want to be part of. Perks are non-wage offerings that extend beyond salary and benefits (such as retirement accounts, health care, dental or vision packages). Also called fringe benefits, they are an important component of your company culture. ...

Are quality-of-life perks necessary for employees?

According to a survey, 53% of employees consider greater work-life balance and personal well-being to be 'very important'' when considering a new job. Another study revealed that 72% of employees place great significance on work-life balance. Other quality-of-life perks are becoming must-haves. ...