|
 Print Friendly
 Email to Friend
|
|
Employee Perks
|
|
Article 1: The Importance of Perks
The challenge for
small businesses is clear: How do you offer a
competitive benefits package on what may be a
shoestring budget?
It’s always easier to attract and retain the
best workers when you offer a competitive
benefits package. This is especially true for
small businesses, which often compete for talent
with larger companies that boast much bigger
budgets for employee perks.
“Although organizations are feeling the pinch of
a weak economy, there is an ever-present desire
to maintain benefit packages as an important
component of recruiting and retaining valued
employees,” says the Society of Human Resource
Management (SHRM) Vice President of Knowledge
Development Debra Cohen, Ph.D. “Organizations
want to be employers of choice and compete for
the best pool of employees.”
Employee benefits are generally considered to be
the basic employer-provided benefits. These
usually include health insurance, a retirement
plan and paid vacation time.
Perks (short for employee perquisites) are all
of the other fringe benefits that make up an
overall benefits package. Perks are limited only
by your creativity and imagination. That means
they offer opportunities for small-business
owners to get a leg up on their big-company
competitors in the battle for top talent.
“Perks are positive employee rewards that aren’t
considered part of the normal compensation
plan,” says Dave Dibble, director of human
resources for Presidion Solutions, a
professional employer organization that provides
benefits and administrative services for small
and mid-sized companies. “They can be a valuable
retention tool and can help employers control
the workplace atmosphere and create a positive
working environment, which is so important in
small companies.”
|
|
|
|
|
|
|
|
|
|
|
