Can small companies benefit from expanding their perks program?

Yes, they can. As previously mentioned, perks help with employee retention, attraction, and performance, which helps the bottom line. Losing a good employee can be incredibly costly for a small business. Expanding their benefits catalog to something the employees want and need could help increase company loyalty and employee retention.

What are low-cost perks that employees truly appreciate?

Perks like family-friendly policies, i.e. prioritizing parenthood, flexible work arrangements such as hybrid work, health and wellness resources, a less strict dress code, and employee discounts, are some low-cost perks employees may enjoy.

How often should an employee perks program be updated?

It’s best to review your employee perks program on an annual basis.

What’s the best way to compare your perks to other companies?

As mentioned above, the best way to use this is through benchmarking, which can be done through peer surveys in smaller industries and through industry reports or industry or HR associations in larger fields.