Leadership Development
Answers for the Workplace
Management Development Keynotes Articles Home Sales Training
Train the Trainer Associates E-Memo Books Screening / Hiring
Strategic Planning Workshops Coaching E-Courses Assessments

Answers For The Workplace E-Memo

Employee Perks

The cost of having an employee around is usually a lot more than the salary or hourly wage. Most companies shell out an average of 30% extra in “employee overhead” – the cost of payroll taxes, unemployment insurance, health insurance, and other “hidden” costs that most employees never know about.

Using simple figures, an employee making $10 per hour is actually costing the employer $13 per hour to have around.

But since the employees usually never know about these costs, it’s easy for employers to get frustrated when they see lack of employee commitment. Crazy as it sounds, it’s not a bad idea to spend a little more on employees -- in perks that can go a long way to building employee loyalty and commitment.

Some perks, like health club membership or letting employees keep frequent flier miles for their own use, don’t require much out-of-pocket expense, but can go a long way to keeping employees wanting to stick around. Other inexpensive “goodies” can be movie passes or pizza in the office every few weeks.

Percentage-wise, these perks are very inexpensive. And if they’re used well, they create tremendous return-on-investment.

Living Toad Free book promo
Dan's Keynote Speaking 

Also look at 
our ONLINE Train the Trainer course

Search for Other E-memo Topics

Receive new E-memos for free
Check out a list of our cool workshops
Copyright 2002-2005 - Leadership Development, All Rights Reserved
Contact Us 1-800-123-4567Copyright 2002 - Leadership Development, All Rights ReservedEmail Us