Perks For Employees Aim To Free Personal Time

Ernst & Young makes LifeConcierge, a service that offers services such as finding a maid or taking a car into the service station, available to its 7,500 IT consultants. What’s the idea? Well, the Big 5 firm hopes by providing lifestyle “perks” like this, it will give its employees more quality personal time. Ultimately, the perks are designed to keep employees happy and employed at the firm.

The dot com companies that are sprouting up like weeds help employers offer benefits at a lower cost than traditional service companies. And, because they are offered via the Web, access is easy and efficient for both the employee and the employer.

For example, the company that offers the LifeConcierge benefit to employers, Circles, charges a per-user subscription fee depending on the level of customization required. This fee can range from $30 to $250 per employee per year. Then, employees receive two hours of any service free. If an employee wants additional time, they pay $10 per hour.

Another hot benefit employees are earning from employers comes in the form of employee perk portals. These sites are like online coupon books and usually offer employee discounts of 5% to 20% on a wide range of personal and leisure products such as movie and theater tickets. Generally, employers get out for very little cash because the portals charge suppliers to be part of their programs.

In a labor market that faces a 40-year unemployment low, employers have to continue to be innovative when it comes to employee benefits. The Internet offers lots of options and the cost, when compared to the cost of recruiting a new employee, is a bargain.

You may like these other stories...

A recent study of lateral hiring trends in the accounting industry by the Chicago-based executive search practice the Koltin Consulting Group (KCG) has found that in the first half of 2014 firms continue to lure top talent...
Without getting into all that's been written about the jobless recovery and record high corporate profits without the accompanying hiring, there has indeed been a fundamental shift in how corporate America is working...
Read more by Rita Keller here.I recently read a tweet by my music-teacher son regarding his fifth-grade musicians: “My fifth-grade flutes and clarinets just exhaust me. They have so much energy and ask sooooo many...

Already a member? log in here.

Upcoming CPE Webinars

Sep 18
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.