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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