The Many Benefits of Employee Benefits
Whoever said there's no free lunch never worked for Google. Not only do you get free lunch and dinner--their gourmet chefs create a wide variety of healthy and delicious meals every day--they also offer snacks to help satisfy your munchies in between meals.
You'll also find on-site doctors and free shuttle service for Mountain View employees to several San Francisco, East Bay and South Bay locations. And did I mention free financial planning classes, on-site oil changes, car washes, dry cleaning, massage therapy, gym, hair stylists, fitness classes and bike repair?
I can't think of many organizations whose benefits package is as cool as theirs.
Have you taken a good look at, and reviewed your company's benefits package lately? Is it up to date, competitive, in line with or better than your competition?
If its been a while, maybe you should. It's one of the best culture-defining, recruiting and retention tools you'll ever have.
Almost 40 percent of U.S. employers' payrolls now reflect the cost of employee benefits, according to the Society for Human Resource Management's 2007 Benefits Survey Report, which was released in June.
"Managing the cost of benefits is a major challenge organizations face today," says SHRM Survey Research Specialist, Shawn Fegley, the survey's project leader.
The following are highlights from the survey.