Gone are the days where annual reviews are even worth waiting 365 days for. Welcome to the perks and benefits arms war..
Employees – in my experience more and more people are choosing where they work based on more than just salary but the package as a whole.
Let’s be honest many of the most recognisable brands/ employers in IT both locally and globally are famous for what? Their product, yes. Their “perks” hell yes!
Employers – are you doing something about this global shift in what potential employees, especially those in demand, are looking for in an employer?
Ok, I understand you can’t all provide daily massages, free transport and an on-site gym and free classes but there are some achievable and effective ways to attract people to your workplace.
And if you’re not offering them, you have already lost!
Historically, the best way to receive a significant raise is to either get a promotion or jump to a new company. With the job market tightening for certain white collar workers in competitive and growing industries, companies have started rethinking compensation packages to keep people around. That has not only resulted in a perks and benefits arms race but in new ways of thinking about pay increases. The yearly ritual of doling out incremental and somewhat disappointing salary increases is quietly disappearing.