The Top Company Perks to Consider for your Talent
Last year I released a book called The 7 Personalization Principles, which profiled 7 outstanding organizations that aligned their company mission and values to create exceptional, personalized experiences for both their employees and customers. Through that research, I noticed many patterns in the perks that these top companies were offering their employees to engage them. Gallup also recently released The State of the American Workplace, which reported many of these same perks through their data.
Based on that research, here are the top 6 company perks to consider implementing in your organization to engage your talent in meaningful ways:
- Flex-Time. Netflix was one of the companies that stood out most in this category. They have an extremely flexible work environment where they set high performance expectations. With this they offer their employees a lot of flexibility when it comes to their hours worked. Additionally, they have unlimited vacation time and unlimited maternity/paternity leave during the first year of a child’s birth.
- Remote work. Gallup found that 39% of employees work remotely in some capacity (Gallup, 2017). Allowing your employees to work remotely either full time or part time can be beneficial for both the employee and employer. For example, employees can be flexible with their time, reduce their commuting hours, and have a quite space to concentrate on more demanding projects without interruption from their colleagues. For employers, remote work can reduce real estate overhead costs, serve as a motivator and form of engagement, and show your employees that you give them autonomy and trust.
- Autonomy. Autonomy treats employees to act like owners and make good decisions within a framework of the company values. This serves as a powerful motivator and engager, by enabling employees to do their jobs authentically the way they want to, without micromanagement. Nordstrom, for example, is one company that offers their employees a lot of autonomy to interact with customers how they see fit. They only have one rule in their employee handbook – to use their best judgement at all times.
- Learning and Training. Learning is one of the key drivers of employee engagement, so it is no surprise that your talent want opportunities to learn and grow in your organization. In fact, Gallup found that millennials especially want to be given these learning and professional development opportunities to accelerate their careers.
- Professional Development. Starbucks is an excellent example of a company who consistently emphasizes and encourages learning, training and professional development. They offer full tuition reimbursement to their partners and encourage them to continuously develop themselves. They also strongly encourage promoting talent from within the company, which gives partners incentives to continuously develop their skills.
- Monetary bonuses, rewards. It’s important not to underestimate the power of a bonus or allotment of recognition points to recognize high performance. In fact, 54% of employees said they would switch jobs for a company that offers monetary bonuses as a perk (Gallup, 2017).
There are also some perks that Gallup found employees expect and are considered “basic benefits” including: a retirement plan, health insurance, paid leave, paid vacation, insurance coverage other than health insurance (Gallup, 2017).
GES’s Global Learning and Engagement solutions can help you meaningfully engage your workforce and will check off many of the top perks listed here. To learn more about how you can implement these perks in your organization get in touch for a free 15-minute demo of our Employee Engagement Solution.
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