Sexy Perks are "Out"; A Balanced Life is "In"
The job market is picking up steam, but that doesn't mean companies will be spending money on foosball tables again.
May 13, 2004
Sexy Perks are "Out"; A Balanced Life is "In"
Challenger, Gray and Christmas says that employee perks are making a comeback,
especially those that provide a better work/life balance.
This
stands in contrast to the last economic expansion, when some companies were
offering benefits aimed at "fun" such as pool tables.
Here's what
John Challenger says is hot: concierge services; flexible scheduling; free
shuttle rides; on-site fitness centers; quiet rooms; investment seminars; an
extra day off around holidays; event tickets; matching charitable contributions,
and education assistance/tuition reimbursement.
Here's what
Challenger says is not hot: leased automobiles; fully paid health benefits; game
rooms; pension plans and retiree benefits; cash bonuses; three-month
sabbaticals; stock options; matching 401(k)s, and bringing pets to work.
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