Employee perks are additional offerings that supplement an employee’s initial salary and benefits. They are voluntary perks not required by law. They aim to supplement required benefits such as health insurance. These perks most often fall under the umbrella of fringe benefits.

Employers can use these perks to support employee benefits offerings and stand out from other employers.

Common examples of perks include: 

• Gym memberships
• Happy hour offerings
• Casual dress-code
• Beer in the office
• Game or break room
• Catered lunch
• Onsite cafeteria
• Paid family medical leave
• Commuter or parking stipends
• Sabbatical leave options
• Unlimited PTO
• Wellness programs
• Paid parental leave
• Student loan assistance
• Company outings
• Non-essential office supplies

Employee perks are a great selling point to potential candidates. Offering these sought-after fringe benefits can help organizations become even more competitive in recruiting top talent. Offering perks is also a great way to maintain high retention rates among current employees. Employee perks can also increase productivity. A relaxing environment that lowers stress levels can allow employees to maintain a clear focus and have a better experience in the office.

Related Terms: Fringe Benefits