Last month, I was at the salon for a hair trim. My hairdresser, who also owns the place, lamented that a branch of hers outside town just closed shop. When I asked why, she said her employees have all left.
Sad story, indeed, and the sadder part is it happens to a lot of businesses.
Unique employee perks from different companies
Recruiting new talent is no walk in the park. It requires time and manpower. The costs can easily pile up, too, especially if your turnover rate is high. Once they’re on board, the challenge is retaining the high-performing ones. They’re your company’s backbone, after all.
The solution? Add handsome employee perks into your compensation plan.
Speaking of handsome, we’ve found some of the best, if not most unique, employee perks offered by different companies.
Netflix: no regular working hours
At Netflix, employees are free to come when they please, provided they get the job done. Work hours are not tracked. No standard number of days per year is required, and even vacation days aren’t logged. As long as employees deliver the performance required of them, big vacations are not a problem.
Google: 50% salary after an employee’s death
Google’s acceptance rate is a measly 0.2%, according to a 2015 report by Business Insider – about 7,000 from the more than 3 million applications they receive worldwide each year.
Aside from Google being Google and its employee perks among the most sought-after, the company’s death benefit package warrants that should an employee pass away, the surviving spouse or partner receive a check amounting to 50% of the Googler’s yearly salary for the next 10 years.
Accenture: gender reassignment
Accenture follows a strict non-discriminatory policy within the organization. As part of its commitment to uphold equality in the workplace, the company supports initiatives that promote the well-being of their LGBT employees, including domestic-partner benefits in some countries. Its enhanced health package also covers gender reassignment procedures.
Airbnb: $2,000 annual travel stipend
Airbnb employees are entitled to a $2,000 yearly travel coupon they can use anywhere in the world, as long as they stay in an Airbnb listing.
Scripps Health: on-site massages
Medical, vision, and dental benefits form part of Scripps Health’s employee health and wellness plan. Healthy living and preventive care programs include health coaching and workshops, screening and assessments, and even on-site massages.
Salesforce: paid volunteer time-off
Salesforce encourages its employees to give back to their communities through volunteering. Each employee is entitled to a seven-day paid volunteer time-off per year. When they max out their volunteer hours, they’re awarded a $1,000 champion grant they can donate to the cause they care about.
Facebook: $4,000 baby cash
Aside from “baby cash” amounting to $4,000, parents at Facebook get 16 weeks of paid parental leave. Parental leave covers maternity, paternity, and adoption leave.
Keeping your employees happy revolves around two things: lots and lots of appreciation and a fun work environment. And if you’re much too small a business to afford lavish employee perks, the key is to craft a benefits plan, as well as nurture a company culture, that shows you value your employees on a personal level.