Smart Benefits: What Matters to Employees?
Monday, June 02, 2014
Amy Gallagher, GoLocalWorcester Business/Health Expert
Is It All About The Money?
Google’s was recognized for its pay structure, which includes bonuses and equity shares. The average base salary for a software engineer there is $128,000. At Facebook, software engineers start at $120,000. But at Costco, entry-level employees like grocery baggers make just $11.75 an hour. So how did the retailer earn the number three spot in the rankings? Costco stays true to its mission by offering low cost, low deductible insurance choices to its employees.
“Free” Rules
What other perks do employees value? The survey results reveal that companies score big when they offer benefits like 24-hour, free gym access; free, onsite laundry and dry cleaning; and even free breakfast, lunch and dinner at workplace dining venues.
Employee Benefits Benefit Employers
While the top three companies in the rankings differ in many ways, they share a common trait: they know what's important to their employees and effectively design benefits to meet their needs and interests. That’s because these employers know that the right benefits foster workplaces where employees want to be and – and work.
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