The top IT companies such as Google, Microsoft, Netflix and Yahoo have generally led most rankings on employee satisfaction. Workplace perks such as free meals and on-site gyms are a common site. Now, several other industries have also joined in such as the Virgin Group that is giving up to a year’s paternity leave to fathers. However, there was until recently little conclusive proof that all these workplace perks genuinely drive profits or improve the company’s image for smoother talent recruitment and retention. So, a massive study with a huge data set was conducted using Thomson Reuters’ data. The study clearly confirmed the biases, that indeed these are beneficial. Employment quality, health and safety, management training and workplace diversity are four aspects companies would be well-advised to work on.

Source:https://www.strategy-business.com/blog/Workplace-Perks-Wasteful-Indulgence-or-Powerful-Profit-Driver?gko=3a4f3

Uploaded Date:11 September 2018