November 2016
Issue Map
November 2016
The Buzz

Perks Boost Loyalty, Decrease Turnover

Thursday, November 10, 2016

Employee turnover is a major problem most smart organizations are seeking to minimize, and one way they are doing this is by making their company a better place to work than their competitors. While office perks aren’t the deciding factor in the loyalty equation, they can give a workplace a competitive edge when attracting new talent, or retaining talent that’s already there. One of the most meaningful perks an organization can offer is formal training. Texas Instruments, for example, provides training for all new employees along with financial support and workplace flexibility options for employees currently enrolled in college. However, sometimes this education and flexibility can extend to family members. Campbell Soup Company offers on-site kindergarten and afterschool programs for employees' children, and Microsoft and Adobe are well known for their extensive paid maternity leave. Other companies, however, seek to make their offices feel more like recreation and fitness centers. Google, for example, offers basketball courts, bowling alleys, a gym, and a full game room. Chesapeake Energy boasts a 72,000-square-foot fitness center and an Olympic-sized swimming pool.

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