Corporate Benefits for a Competitive Advantage
The war for talent has increased considerably in recent years. In this context, companies are recognizing the critical role of corporate benefits as their potential competitive advantage. We explain:
What corporate benefits can look like?
How they affect employee satisfaction and retention?
What to look out for when implementing and maintaining corporate benefits?
Corporate Benefits - a Definition
Corporate benefits are benefits provided by the company to its employees additionally to the agreed upon working conditions and therefore go beyond the traditional salary. They have become a crucial tool for companies, particularly with a focus on creating an attractive working environment.
These benefits vary from financial incentives to flexible working hours and training opportunities and serve as an effective alternative to just a salary increase.