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Are Perks and Benefits the Same Thing?

perks and benefits perkspot culture

We love perks so much we named our company after them.

But what are perks and how are they different than benefits when it comes to the workplace?

Benefits

Benefits are supplemental to salary and cover basic needs like health insurance, 401K plans, etc. While benefits are absolutely essential for companies, they also come at a price. Most benefits offered to employees cost the company something, unlike our favorite counterpart, the perk, which costs little to nothing for employers to implement.

Perks

Perks encompass everything from bike racks and lounge areas in the office to catered lunches and oh yeah, exclusive discounts on your favorite brands. While benefits are often costly, perks can be offered at a relatively low cost to employers but offer extreme value to employees. Offering perks alongside necessary benefits and compensation packages creates a powerful force when it comes to ensuring employees stay engaged and motivated in their offices. However, like all things, just making these perks available in and of itself is not enough to sustain and retain employees. As more and more businesses begin offering these incentive programs, competition increases when it comes to recruitment and retention. While nearly unheard of 20 years ago, workplace perks are more and more becoming the norm. Companies like Starbucks, Southwest Airlines, and other PerkSpot clients realize this, and that’s why offering perks are non-negotiable.

All Perks are Not Created Equal

So now the question is no longer, will we offer a perks program, but which program will we choose? Overwhelmingly, employees today request perks that improve their everyday lives, such as free gym memberships or discounts on everyday expenses such as groceries and cell phone plans. These programs are more likely to resonate with employees because they show that the employer is listening. It reaches the heart of what all employees truly desire: to be heard and understood. PerkSpot’s mission is to make that a little easier for employers. We negotiate the discounts so you don’t have to. We provide the tools to communicate with employees on how to use the platform, where to find the discounts, and even deliver the latest and greatest perks right to their inbox.

Want to learn more? Reach out to us at sales@perkspot.com

Don’t just offer perks. Offer the right ones.

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Technology and the Office: Not Just for Silicon Valley

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When we think of company culture, words like “employee engagement”, “recognition” and “opportunity for growth” come to mind. But where does Technology rank when it comes to our values as an organization or company, and how is this affecting our employees?

As the CHRO of cloud-based finance and HR software Workday, Ashley Goldsmith, eloquently states, “We’ve found that you can’t create a culture just through values, new processes, or an organizational restructure. Those things are necessary, but we like to think of values as the beating heart of culture, processes and organizational structure as the brain, and technology as the nervous system that makes sure heart and head are working together to move us forward.”

Technology improves communication flow.

Cloud-based systems, video-conferencing software, and the like are paving the way for smoother communication in the workplace. The bonus is that many of these applications have free versions available. These tools enable employees to work smarter, not harder.

Technology fosters feedback.

Similar to improving communication, we use technology at PerkSpot to develop more ways to generate feedback, both internally and externally. We use platforms that allow our employees to respond to customer service issues quickly and efficiently. Meanwhile, internally, we use a system to monitor everything from typos on our site to larger kinks that need attention. In this way, we spend less time dealing with issues and more time finding solutions.

Technology encourages collaboration.

Messaging applications are great for encouraging collaboration amongst employees. While many feel that this constant communication decreases productivity, studies show that even when coworkers drift away from the task at hand, laughter shared helps promote creativity and innovation.

In the same way that the body cannot function properly without the nervous system, our offices cannot survive without technology.

What are some ways you use technology in your workplace? Leave us a note in the comments!

Team Building Activities Just in Time for Summer!

The sun beams down warming your face through the window. You can smell the fresh air peeking through as you take a sip of your iced tea, relaxing in your chair. Your eyes wander and your mind is clear. Summer is here.

But, unfortunately, this isn’t you on a tropical vacation. This is the distraction of summer making its way into your office. As the temps warm up, our minds tend to dream of greener pastures.

Don’t fight the feeling: take your work and your team outside and engage in some fun team-building activities.

team building activities perkspot culture employee engagement

Fox Business states, “When the global marketing firm McCann WorldGroup surveyed 7,000 Millennials in 2011, it found more than 90% of those surveyed rated “connection and community” as their greatest need.”

I know what you’re thinking, but we aren’t talking about blindfolding someone and leading them through a maze or practicing trust falls. These age-old activities are outdated and more likely to make your team groan. True team-building happens when you have fun, laugh and share an experience together.

Here’s a few ways to build up your team this summer:

Give Back

Take some time this summer to give back. Encourage employees or coworkers to volunteer in the community. Find ways to give back at volunteermatch.org or catchafire.org. In fact, when employees spend their time on other people, they often feel like they have more time to spare!

Ready, Set, Sports

There are many ways to use sports to bring your team together. Grab your colleagues and join a city league. David W. Ballard of the American Psychological Association says this of teams who practice physical activities together, “Employees have lost weight and report a higher awareness of wellness issues, strengthened sense of community, improved morale, and increased motivation.”  For the observers, check out a baseball game or cheer on your company athletes as they go for the gold.

Strap On Your Fanny Packs

Summer is the perfect time to explore your city. Visit famous monuments, tour a museum or hop on a Segway tour. You’ll create memories and learn something along the way.

Learn Something New

For many offices, summer is a slow season. Take the opportunity to learn something new together through professional development courses or attending a conference. This will leave your team rejuvenated and impassioned upon returning to work.

Save money on your next office adventure with exclusive tickets, entertainment and even local discounts through PerkSpot!

The One Perk

It’s no secret the 21st-century work environment looks a little different. From beer on tap and unlimited snacks to nap pods and open time-off policies, companies are striving to capture the attention of millennials with their extensive list of perks.

one-perk

But, you don’t have to be a hip start-up or a trendy tech company to give employees what they want. There’s one highly underrated, but seriously important perk.

Every Employee Wants to be Appreciated

Each of us is born with different talents and skills. In fact, chances are you’re in your position because someone recognized your talent in one specific area and pushed you to pursue it. A quick “job well done” can go a long way in shaping our futures, especially when it comes to our careers.

Business Insider reports the average person spends over 90,000 hours at work in their lifetime. It’s no wonder we crave appreciation for the work we dedicate our lives to completing. No one wants to go through life wondering if they made a difference.

Treat employees like they make a difference and they will. 

                            Jim Goodnight, CEO, SAS

Appreciating Employees means knowing their names.

One of the most obvious ways you can appreciate employees is learning their name. For those of us in a small office like PerkSpot, this isn’t a huge challenge. However, for larger companies, it’s even more important to take time to call employees by name. A simple “How’s your day going, Karla?” or “Nice work on the stats, Miles!” goes a long way. By giving positive, personal feedback the employee feels heard and believes their work is important to the success of the company.

Appreciating Employees means giving feedback.

One of the great things about appreciation is that it also provides an opportunity to correct as well. When you consistently and genuinely give praises, employees receive negative comments with more understanding. A well-balanced employee experience includes both corrections and commendations.

Appreciating Employees means significant ROI.

Employee recognition is free, making it the cheapest perk you can offer your employees. Plus, it’s also one of the most effective for productivity, employee happiness, and overall results. Undoubtedly, employee recognition is key to keeping employees engaged. We love Forbes’s definition of employee engagement: “Employee engagement is the emotional commitment the employee has to the organization and its goals.” The emotional commitment an employee feels comes from recognizing their accomplishments and attributing company success to their achievements. Increasing employee engagement through recognition can drive results as employees see the pay-off for their hard work.

Show your employees you appreciate them by providing exclusive discounts and recognition through PerkSpot!

Workplace Peer Pressure: Engaging Employees

In his book, “Building a Magnetic Culture”, Kevin Sheridan, Chief Engagement Officer at Human Capital Management, discusses the different levels of engagement we find in the workplace and their effect on each other. Peer pressure is alive and well in our 21st century offices. Which means the engagement levels our employees experience can spread like a virus.

peer pressure

We’ll dive into the ways we can spread positive engagement.
First let’s discuss, as Sheridan details, the different types of employees we encounter:

Employee Types

Actively Disengaged Employees 

are the “Negative Nancy”s of the workplace. They can be found constantly complaining, focusing on problems and openly expressing their discontent and negative outlook on their position.

Ambivalent Employees

are arguably the most dangerous type of employee because they’re often the hardest to spot. They are fulfilling their basic job responsibilities, but not much more. In fact, they rarely offer to lead projects or volunteer for extra opportunities. These nine-to-fivers just want their paycheck, with bags packed and feet out the door by five o’clock sharp.

Actively Engaged Employees 

are the ideal type of employee. As engaged employees, they consistently go above and beyond their job description. They promote the mission and vision of the company’s brand, contribute new ideas, and are optimistic about their future in the company.

Making a Change

Because the majority of employees fall within the Ambivalent category, it’s crucial that they move towards becoming Actively Engaged versus Actively Disengaged.

In a previous article we discussed the importance of workplace friendships on both personal health and organizational success. This is evidence that peer pressure can be essential in driving the increase of employee engagement. One tactic managers can implement is putting these Ambivalent Employees in close proximity to Actively Engaged Employees through group projects and assignments. Because these Engaged employees thrive in environments where they can step up to the plate and lead others, it’s a great way not only to involve the Ambivalent, but also encourage and affirm those employees who are already engaging in positive ways.

Most of the time, however, we don’t associate peer pressure as being a positive force. Just like a high school bully, Actively Disengaged Employees can negatively affect every person in their surroundings. Their negativity can be a virus to the workplace. It’s important not to shy away from addressing this negativity as quickly as possible to not infect others. Because these employees are primarily motivated by their paycheck, it is not likely they will leave on their own initiative. For that reason, it’s crucial that managers speak with any actively disengaged employees.

Address the Whys

When speaking with these employees, it’s also important to assess why they may be feeling apathetic in their work. Many times there could be an opportunity for a constructive conversation. In fact, this conversation could even transform them into some of the mostly highly engaged employees in the organization. However, it is likely that the position or the company may not be a great fit for this particular person and, in that case, discuss transitioning them out of the company.

Taking a page out of Sheridan’s book, “Creating a workplace environment where Engagement thrives and Disengagement dies should always be a management priority.”

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