Why do companies choose to offer perks and benefits?

In today’s business world, change is the only constant. Turnover, talent acquisition, and culture are often listed as chief concerns of business owners, managers, and leaders. Building alignment and loyalty with your workforce can be a challenge, especially when there may be inherent misalignment as a result of a worker’s employment classification.

Over 40% of workers say they would leave a job for another with better benefits. Even more suggested they left a job in the past 12 months due to poor, substandard, or lack of benefits. A whopping 94% of workers want benefits and perks that enhance their quality of life.

Comprehensive benefits give talented job seekers a reason to join your team and yield a healthier, happier, and more productive workforce while demonstrating a socially responsible and employee-focused organization.

A a culture enhancer, showing support for workers will lead to higher engagement and job satisfaction, which leads to better moral and team dynamics. In short, benefits and perks produce better business outcomes.