03 Mar Top 20 Employee Benefits & Perks
This post is brought to you by our friends at Glassdoor.
With nearly 3 in 5 (57%) people reporting benefits and perks being among their top considerations before accepting a job, some employers are raising the bar even higher when it comes to benefits and perks they offer to help attract talent. But beyond free food and on-site gyms, what are some of the more incredible, unique and surprising benefits and perks that some employees are enjoying?
These 20 companies are just some that provide perks and benefits that go beyond the basics, with life coaching services, egg freezing, free amusement park passes and more. Check out the full results, according to Benefits Reviews on Glassdoor, shared by employees:
1. Netflix offers one paid year of maternity and paternity leave to new parents. They also allow parents to return part-time or full-time and take time off as needed throughout the year.
2. REI encourages its employees to get outside by offering two paid days off, called “Yay Days,” a year to enjoy their favorite outside activity.
3. Salesforce employees receive six days of paid volunteer time off a year, and if they use all six, they receive a $1,000 grant to donate to a charity of their choice.
4. Spotify provides six months of paid parental leave, plus one month of flexible work options for parents returning to the office. The company also covers costs for egg freezing and fertility assistance.
- Overall Benefits Rating: 4.2*
5. World Wildlife Fund employees take Friday off every other week, also known as “Panda Fridays” at the nonprofit.
- Overall Benefits Rating: 4.5*
7. PwC offers its employees $1,200 per year for student loan debt reimbursement.
8. Pinterest provides a unique take on the parental leave policy by providing four paid months off, plus an additional month of part-time hours, as well as two counseling sessions to create a plan to re-enter the workplace.
- Overall Benefits Rating: 4.7*
9. Burton employees receive season ski passes and “snow days” to hit the slopes after a big snowfall.
- Overall Benefits Rating: 4.0*
10. Twilio offers employees a Kindle plus $30 a month to purchase books.
11. Twitter is well-known for providing perks such as three catered meals a day, but some lesser-known benefits include on-site acupuncture and improv classes.
12. Accenture covers gender reassignment for their employees as part of their commitment to LGBTQ rights and diversity.
13. Walt Disney Company wants its employees to enjoy the “Happiest Place on Earth” as much as their visitors by offering free admission to its parks for employees, plus their friends and family, as well as discounts on hotels and merchandise.
14. Facebook provides $4,000 in “Baby Cash” to employees with a newborn.
15. Evernote hosts classes through “Evernote Academy,” which offers team-building courses like macaroon baking.
- Overall Benefits Rating: 4.3*
16. Epic Systems Corporation offers employees a paid four-week sabbatical to pursue their creative talents after 5 years at the company.
- Overall Benefits Rating: 4.3
17. Adobe shuts down the entire company for one week in December and one week over the summer.
18. Asana employees have access to executive and life coaching services outside of the company.
- Overall Benefits Rating: 4.9*
19. Zillow pays for employees who are traveling to ship their breast milk.
20. Google provides the surviving spouse or partner of a deceased employee 50% of their salary for the next ten years.
Does your company provide great benefits or perks? Share a review.
How Much Do Employee Benefits & Perks Really Matter?
There’s no doubt about it, employee benefits and perks do matter when it comes to recruiting and retaining talent, but the impact benefits have in the recruiting game versus the employee retention game differs.
When it comes to recruiting talent today, Glassdoor surveys show that nearly 3 in 5 (57%) people report benefits and perks being among their top considerations before accepting a job, while 4 in 5 people also say they would prefer new perks over a pay raise. This indicates that most employees value benefits and perks when making job decisions and determining which companies may be a great fit for them. Plus, it’s important to consider that when it comes to which benefits and perks matter most to people, we’ve found the top five include:
- Healthcare insurance (e.g., medical, dental): 40%
- Vacation/Paid time off: 37%
- Performance bonus: 35%
- Paid sick days: 32%
- 401(k) plan, retirement plan and/or pension: 31%
However, when it comes to what keeps employees at companies and satisfied on the job, it’s a different story. According to Glassdoor Economic Research, culture and values, career opportunities and senior leadership are the most important factors in cultivating employee satisfaction, which can directly impact employee retention. Thus, while benefits and perks are a great way to get employees in the door and interested in a company, they’re not among the leading factors that keep employees satisfied on the job and with a company long-term.
This list was determined by identifying some of the more unique benefits employees are enjoying at companies, based on the hundreds of thousands of benefits reviews shared by employees on Glassdoor since August 2014, when the Benefits Reviews feature launched. Rankings for this report do not reflect order of importance, but are included for simplicity of reporting. Each company’s Benefits Rating is based on at least 20 benefits reviews shared on Glassdoor by employees as of January 28, 2016. We include this data point in this report to show how employees rate each company’s overall benefits program.
*Indicates a Benefits Rating based on less than 20 benefits reviews.