Standard holiday allowance and a few sick days are no longer enough to make a job seem attractive. With so many companies offering additional perks from free food, yoga classes and excellent maternity packages, millennials are now looking at company perks for job satisfaction. According to Glassdoor, “There’s no doubt that companies have increased their focus on benefits and perks (and with 57 percent of job seekers counting them among their top considerations before taking a new job, it’s no wonder), but in their efforts to outpace each other, many once-hot perks have become passé.”
There are businesses that have managed to smash the ball out of the park and wow us with their benefits package. To find out which top 20 companies have the best incentives continue reading below (the research is based on Glassdoor’s benefit review):
20. Whole Foods Market
Employee discount is normal in a retail company, but Whole Foods take this a step further by offering an additional 10% (on top of the standard 20%) to employees who keep their health in check and meet their BMI target. This encourages employees to take care of their health as well as the business. An employee said that: “they motivate you to work hard and the upper management seems to care a lot of their employees.”
Overall Benefits Rating: 3.6
wholefoodsconfessions
19. Gap Inc.
The fashion retail company has a number of incentives for its employees worldwide including, pension schemes, paid time off for sick leave, holiday or personal time, family and healthcare and discount at a number of facilities including gyms, airlines, hotels, and telephone companies. An employee said: “very comprehensive superiors, flexible hours, great team and great work environment.”
Overall Benefits Rating: 3.6
blogs.reuters
18. Amazon
The e-commerce geniuses are undoubtedly one of the best companies to work for; they have an amazing range of benefits extending from health and finance, to stock options and paid time off. Their health insurance is one of the best plans available; an employee commented that “she never paid anything to the doctor or received a bill for any of her son’s well-baby visits.” They also offer great plans for new parents called “Leave Share”: which allows employees to share paid leave with their partner if the partner’s company does not offer paid leave, and Ramp Back, which gives new mums more control over easing back into work. All perks are available for corporate, customer service and fulfilment centre employees.
Overall Benefits Rating: 3.7
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17. Timberland
The footwear connoisseurs are passionate about giving back to the community and allow their employees to take up to 40 hours paid leave to volunteer at an organisation of their choice. This is a perk that many employers are becoming more familiar with, and one that staff members highly value. “By letting employees guide charitable efforts, the winning companies create high levels of commitment and pride among their teams” reported on Fortune.
Overall Benefits Rating: 3.7
somersworthnow
16. American Express
American Express is a company that values its working parents offering a host of benefits. It offers its employees up to five months fully paid parental leave. Birthing mothers can also receive an additional six to eight weeks under salary continuation for medical leave. They also offer health, dental, vision and life insurance; a retirement savings plan and most importantly flexible hours.
A current Graphic Designer said: “AmEx has always treated me well as an employee. My spouse had serious health problems some years ago, and my leaders were very compassionate and allowed me to work from home full time until she recovered. Good pay, good benefits, good people to work with for the most part.”
Overall Benefits Rating: 4.0
Fortune
15. Reebok
In true team spirit, Reebok encourages its employees to reach their fitness goals with an on-site gym and CrossFit classes. A current marketing manager said: “The company mission and values are clear, communicated often, and embraced. It’s ok to take an hour for fitness throughout the day and fitness events are encouraged to participate in.”
Overall Benefits Rating: 4.1
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14. Goldman Sachs
Goldman Sachs is a strong supporter of the LGBT community, and since 2008 have offered full cover for gender reassignment surgery. Many employees also commented on the chance for progression within the company.
Overall Benefits Rating: 4.1
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13. Scripps Health
This healthcare company takes great care in your furry-friends health and offers full insurance for cats and dogs. They also offer other benefits like legal assistance and offer a wellness program encouraging healthy lifestyle choices.
Overall Benefits Rating: 4.1
Topsy One
12. Deloitte
I’m sure you’ve been in the situation before where you have needed over two weeks of holiday, but it got declined by your manager. Employers at Deloitte don’t have that issue; with their two sabbatical programs staff members can enjoy their break with no qualms. They have the option for an unpaid one-month sabbatical that can be taken for any reason, and a three- to six-month sabbatical that can be taken to pursue personal or professional growth opportunities with 40% pay.
Overall Benefits Rating: 4.1
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11. Genentech
Genentech offers a range of pampering services from on-site car-washes, haircuts, childcare centre, mobile spa and dentist. What’s better than going to work and getting your chores done too? A current director of global product management said: “Great place to work due to culture, benefits, talented people. Mature processes and tools. Opportunities available locally and globally. Diversity and inclusion are central and focused on.”
Overall Benefits Rating: 4.3
latimes
10. Starbucks
The famous coffee company has a Your Special Blend’ program in place that offers extensive employee benefits like financial bonuses, 401 (k) matching plans, medical and dental plans for both full and part-time employees.
Overall Benefits Rating: 4.3
Time Magazine
9. Swiss Re
Flexible and remote working is what every millennial dreams of, and the employees of this insurance company are lucky enough to have this perk. A current claims specialist said: “Diverse, supportive, knowledgeable company, good benefits, encourage horizontal and vertical moves, good global opportunities, professional, canteen food, a market leader, own the way you work.”
Overall Benefits Rating: 4.3
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8. In-N-Out
Like any other fast-food-chain, In-N-Out gives their employees a free meal with any shift. But, what’s important about this burger joint is that employees’ progress quickly, and feel appreciated and valued. The pay and good company culture is also an added bonus for many of their staff.
Overall Benefits Rating: 4.3
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7. Ikea
Ikea’s benefits also lie in family matters offering up to four months of paid parental leave to both part-time and full-time employees with at least one year of experience at the company, regardless of whether they work at a retail store or the corporate headquarters.
Overall Benefits Rating: 4.4
Business Insider
6. Microsoft
If you’re into your fitness, Microsoft is one of the companies that will entice you. They offer up to $800 reimbursement for the cost of gym memberships and fitness programs.
Overall Benefits Rating: 4.4
Time
5. USAA
USAA offers a range of benefits including an on-site health clinic, pharmacy, gym and a cafeteria with discounted prices on healthy food. They invest in their employee’s well-being and progression and encourage them to do better. The USAA also have an Employee Education Program providing payment to full-time and part-time employees of up to $10,000 per year for approved educational expenses like university degrees.
Overall Benefits Rating: 4.4
USAA
4. Southwest
All employees at Southwest have the option of free counselling and legal consultations. They know the importance of talking and overcoming personal obstacles because all of us have some things we need to get off our chest!
Overall Benefits Rating: 4.4
3BL Media
3. Eventbrite
Eventbrite is well-known as one of the best companies to work for, with its numerous perks like nap rooms, catered meals and arcade games. They also keep your pets from getting lonely, by allowing your furry friend to go to work with you too.
Overall Benefits Rating: 4.6
Mashable
2. Bain & Company
The Best Place to Work in the US in 2017, holds an annual two-day, global “Bain World Cup” football tournament open to all employees. The events are held in different parts of the world each year’ this years will be held in Los Angeles.
Overall Benefits Rating: 4.7
City Year
1. Facebook
Facebook Inc. certainly has the best benefits of any company in the world. However fast and large the technology company grows, it never fails to invest in its employee’s happiness. Other than generous pay and perks, career opportunities, and good work-life balance, Facebook focuses greatly on human values. It grants paid leave to its employees to grieve the loss of a family member and also provides paid family sick time. Facebook also gives $4,000 to employees with a newborn baby, as well as four months of paid leave for new parents.
Overall Benefits Rating: 4.7
The Business Journals
Although company perks aren’t the only reason of employees stick around, they can definitely add value to your working life by building a great company culture. The happier employees are, the more successful the company will be as its staff members will be dedicated to working harder.
Have you worked for a company with incredible benefits that aren’t listed above? If so let us know in the comments section below…