Small Business Glossary and Definitions
What are Employee Perks?
Employee perks are additional benefits in the workplace that might motivate employees to perform better, reward employees for their accomplishments, or make an employer more competitive for quality employees. Perks is actually short for “perquisites.”
Perks differ from benefits in that they are intended to increase an workplace morale. Studies show that workers who enjoy their work environment are more productive, and perks are a way an employer can motivate employees to better performance.
Perks range from on-site breakrooms that might offer drinks and snacks to well-appointed lounging areas with gaming areas or comfortable furniture for relaxing. Employees might be offered paid or discounted public transportation, a company car, an expense account, hotel discounts, or access to company-owned housing.