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Employee perk monthly cost

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morby

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Jun 17, 2011
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Evening all,
I have an idea for a new venture i would like to start early 2021.

The question i have is mainly aimed at owners + key decision makers. maybe HR staff?

How much per head would you be happy to spend as a "Thank you" each month?

Thanks all
 
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As a member of staff I would like 2 grand on top of my pay each month as a thank you.
Realistically though if it's simply going to be given out willy nilly then I would see it as part of pay package.

If it needs to be earnt? Then it is a thank you.
 
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morby said:
Evening all,
I have an idea for a new venture i would like to start early 2021.

The question i have is mainly aimed at owners + key decision makers. maybe HR staff?

How much per head would you be happy to spend as a "Thank you" each month?

Thanks all
Click to expand...

If business owners wanted to thank their employees, they would just pay them more each month.
 
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Aniela said:
If business owners wanted to thank their employees, they would just pay them more each month.
Click to expand...

Then we expect pay rises that are bigger than would otherwise have been.
A 4.8 percent pay rise on 19 grand is less costly to an employer than a 4.8 percent pay rise on 20 grand.

Fine with paying decent staff more to keep them. More skilled staff you perhaps want to keep.
Can end up costing a lot.
 
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I very much doubt that many employers have a monthly per-capita budget for rewards

Mostly, staff will be remunerated by salary, commission, bonus and potentially profit share. Clearly much of the above will be target related

Rewards are likely to be a bit more ad-hoc and linked to specific events
 
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The last company I worked for allowed cash "gifts" to be awarded to staff who went above and beyond. Typically this was a couple of £50s and one £100 per month for our department of 200 - therefore roughly £1 per head.

These awards could then be redeemed on a website provided by our benefits providers, who from memory was VebNet.
 
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I believe perkbox is an employee reward type of thing. Some companies use financial rewards but some of the bigger ones are now turning to working conditions, flexibility, other perks to keep their staff.
 
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Non-monetary employee perks have their place in business and can be very useful in, for example, building a desired culture. The best perks are those that serve both the business and the employee such as health cash plans but perhaps I don't discriminate between perks and benefits here.

You would need to specify what 'thank you' perk you want to offer to get the answer. If it is a massage I don't think that employers will be paying you for it monthly for each of their staff but perhaps they may reward this way an employee or team occasionally.

Scalloway said:
I remember reading somewhere that the best reward system gives out random amounts at random times. If it is regular then people just see it as part of normal remuneration.
Click to expand...

Yes, this is based on reinforcement theory in behavioural psychology and gambling is a great example of it.
 
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One of the best perks we've given is the ability to buy extra days holidays. It's cash neutral for the company (ish), they can buy up to 5 days holiday each year for the required fraction of their salary.

A lot of our staff are cash rich but time poor, so this is a great thing for them.
 
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MikeJ said:
One of the best perks we've given is the ability to buy extra days holidays. It's cash neutral for the company (ish), they can buy up to 5 days holiday each year for the required fraction of their salary.

A lot of our staff are cash rich but time poor, so this is a great thing for them.
Click to expand...

Sounds more like blackmail than a perk. If you want extra holidays, pay for it!
 
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Aniela said:
Sounds more like blackmail than a perk. If you want extra holidays, pay for it!
Click to expand...

Erm. You think people should just be given more time off? So they'll just not turn up at all? They get 25 days + bank holidays. If they want more, then they can take them unpaid. We're being flexible.

It's moronic replies like this that make people wonder if you've ever had a business, or had an experience in running a proper company with staff.
 
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Mine got the lot
Free Tea and Coffee
Tin of biscuits about once a month
Never paid less than 50p above the minimum wage
They did there job which is all i wanted them to do
 
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MikeJ said:
One of the best perks we've given is the ability to buy extra days holidays. It's cash neutral for the company (ish), they can buy up to 5 days holiday each year for the required fraction of their salary.

A lot of our staff are cash rich but time poor, so this is a great thing for them.
Click to expand...

Its a good perk that a number of companies use.
Staff that want the extra holiday time will buy it. Those who are happy with the allocated number of days can carry on without buying it.

No one is disadvantaged. Fairly cheap optional staff perk.
Could well become more widespread in the next decade or so.
 
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MikeJ said:
Erm. You think people should just be given more time off? So they'll just not turn up at all? They get 25 days + bank holidays. If they want more, then they can take them unpaid. We're being flexible.

It's moronic replies like this that make people wonder if you've ever had a business, or had an experience in running a proper company with staff.
Click to expand...

No, it just shows you're an employer that wants to make themselves look good while the staff talk behind your back for making them pay for a holiday day and call it a 'perk.'

I bet you give your staff a car parking space, charge them for it and call it a perk of the job too.
 
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Aniela said:
No, it just shows you're an employer that wants to make themselves look good while the staff talk behind your back for making them pay for a holiday day and call it a 'perk.'

I bet you give your staff a car parking space, charge them for it and call it a perk of the job too.
Click to expand...

Its not pay for a holiday.
Its pay for additional paid holiday.

Some people are happy to have unpaid additional leave.
 
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The best perk I gave my staff was one day off a week. Effectively a four day week. Built massive loyalty.
 
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atmosbob said:
The best perk I gave my staff was one day off a week. Effectively a four day week. Built massive loyalty.
Click to expand...

how long though before they divide what they earn a week by 4 to get Y and want to come in an extra day a week for Y?
 
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Aniela said:
No, it just shows you're an employer that wants to make themselves look good while the staff talk behind your back for making them pay for a holiday day and call it a 'perk.'

I bet you give your staff a car parking space, charge them for it and call it a perk of the job too.
Click to expand...

They get a free car parking space. Free tea and coffee. Free biscuits. Nobody's paid less than 120% of the minimum wage, most considerably more. Full pay when sick, up to 13 weeks per year. We're good employers. We actually employee people too, unlike you.
 
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MikeJ said:
They get a free car parking space. Free tea and coffee. Free biscuits. Nobody's paid less than 120% of the minimum wage, most considerably more. Full pay when sick, up to 13 weeks per year. We're good employers. We actually employee people too, unlike you.
Click to expand...

Wow. Impressive employer there.

Doing things that every employer should be doing regardless.... but thinking they're a superhero for doing it.
 
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On a side note, a neighbour has been temping at the Royal Mail. Turns out their employees can be off on four separate occasions, or up to four weeks sickness in total over a year, before they can even talk to them about their absences.

Next year allowing for their forty minute lunch, the working week of the postie reduces to just over a 33hr week, for full pay. The old unions certainly do well for their members.
 
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Aniela said:
Wow. Impressive employer there.

Doing things that every employer should be doing regardless.... but thinking they're a superhero for doing it.
Click to expand...


We've been operating for 20 years. In that time, two people have left us by choice. Two. In 20 years.

I don't think we're superheroes. But I think we're good.
 
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Thank you all for your feedback,
I'll try and streamline the question I'm asking as someone has already brought it up,

I'm exploring the idea of a perkbox style business, but more bespoke/personalized from the company, to help build worker loyalty, moral and so on, especially work from home staff.

Does anyone know the rough cost of perkbox per month?

And if offered this type of service for your employees what type of tiers would you like too see eg Bronze £10, silver £17, gold £23 ect
 
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morby said:
Does anyone know the rough cost of perkbox per month?
Click to expand...

Perhaps I have missed something but cost of what are you asking about? What is the perkbox specifically? What perks are included? I don't know for what service I would be paying to give you a figure you're asking.

How are you building the pricing? Do you have the cost of your service and now you are trying to figure out how much to charge or you are reversing the process by looking for cost based on price? Is it the latter because you want to know what you can afford to offer?
 
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