What makes a good office perk?
After the perkcession ends, a perkcovery will surely follow
When companies tighten their belts, they look first to discretionary spending. Meta got rid of free laundry for its workers last year. In January Google announced a round of lay-offs that included 27 in-house massage therapists. Salesforce, another tech firm, has axed its contract with a Californian “wellness retreat”, where employees would have done God-knows-what with each other. The chopping of such benefits has been christened the “perkcession”. But just as perks get cut in bad times, so they return in the good. Eventually you can expect to read articles about a “perkcovery”. What makes a good perk?
This article appeared in the Business section of the print edition under the headline “What makes a good office perk?”
Business
April 22nd 2023- Why EY and its rivals may eventually break up, after all
- Why Apple is betting big on India
- Why crashing lithium prices will not make electric cars cheaper
- What makes a good office perk?
- Big pharma’s patent cliff is fast approaching
- Uniqlo’s success mirrors the growth of Japan’s industrial giants
- How businesses are experimenting with ChatGPT-like services
From the April 22nd 2023 edition
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