Top 20 Employee Benefits & Perks for 2017

Unlimited vacation? Been there, done that. Work-from-home Fridays? Par for the course. Ping-pong table? So 2008. There’s no doubt that companies have increased their focus on benefits and perks (and with 57 percent of job seekers counting them among their top considerations before taking a new job, it’s no wonder), but in their efforts to outpace each other, many once-hot perks have become passé.

Still, every now and then a perk comes along that manages to truly wow us, whether because of its ingenuity, uniqueness or life-changing potential. To that end, we’ve identified 20 companies offering benefits that go beyond the basics and enter legendary status. Check out the full results, listed in no particular order, drawn from employees’ Glassdoor Benefits Reviews:

1. IKEA offers up to four months of paid parental leave to both part-time and full-time employees with at least one year of experience at the company, regardless of whether they work at a retail store or the corporate headquarters.

  • Overall Benefits Rating: 4.4
  • What Employees Rave About:Great pay, amazing benefits, and company culture is strong. Although it is a worldwide company, you feel like a family. Vacation/sick time off is great. Having been with the company many years, I get five weeks of PTO and a week a sick time. The building itself is a major benefit: lockers & showers, computer rooms, quiet/prayer room, coworker-only restaurant that serves a different meal each day for only $3. Some locations have gyms and free bicycles to rent, lactation rooms for new moms, etc.” Current Shopkeeper
  • See Open Jobs

2. Reebok encourages employees to reach their personal fitness goals by providing an on-site gym with Crossfit classes.

3. Bain & Company, the Best Place to Work in 2017, holds an annual two-day, global “Bain World Cup” soccer tournament open to all employees. Last year’s event was in Brussels. The 2017 tournament will be held in Los Angeles.

  • Overall Benefits Rating: 4.7
  • What Employees Rave About: Fantastic team spirit, worthy of the old ‘A Bainie never lets another Bainie fail’ expression which is supported through local and global trainings where employees come together from around the world to share experiences and take on new challenges.” Current Employee
  • See Open Jobs

4. Goldman Sachs offers coverage for gender reassignment surgery, a benefit the company has offered since 2008.

  • Overall Benefits Review: 4.1
  • What Employees Rave About: Goldman Sachs is devoted to people development and providing high achievers opportunities to grow professionally. As an employee, you are surrounded by intelligent, driven colleagues and have the benefit of a culture that is focused on bringing out the best in you.” Current Vice President
  • See Open Jobs

5. Facebook provides healthcare coverage and free housing for interns. Known for its competitive benefits package, many Facebook interns report earning more than $7,000 per month.

6. Scripps Health cares about the wellbeing of its employees’ furry family members, offering pet health insurance for cats and dogs.

  • Overall Benefits Rating: 4.1
  • What Employees Rave About: Good benefits, especially the Wellness program, which if all requirements are met, the employee’s benefits are at no-cost for the next year. Lots of additional benefits available; pet insurance, legal assistance, etc. if you want to purchase those.”  Former Employee
  • See Open Jobs

7. Starbucks provides full tuition reimbursement for its employees, covering an online bachelor’s degree program through Arizona State University.

8. American Express’ parental leave policy offers up to five months of fully-paid leave for both mothers and fathers. Birthing mothers generally receive an additional 6 to 8 weeks under salary continuation for medical leave. Parents are also given access to a 24-hour lactation consultant, and mothers traveling for business can ship their breast milk home for free.  

  • Overall Benefits Rating: 4.0
  • What Employees Rave About: AmEx has always treated me well as an employee. My spouse had serious health problems some years ago, and my leaders were very compassionate, and allowed me to work from home full time until she recovered. Good pay, good benefits, good people to work with for the most part.”Current Graphic Designer
  • See Open Jobs

9. Eventbrite helps keep employees healthy by offering a monthly $60 wellness stipend, which can be used on everything from gym dues to juice cleanses.

  • Overall Benefits Rating: 4.6
  • What Employees Rave About: What I love the most about Eventbrite is the office/work culture that it has created. I have never experienced anything like it before. The company proves over and over again that it truly cares for their employees in each department.”  —Current Employee
  • See Open Jobs

10. Whole Foods Market offers a 20% store discount to all employees, including full-time and part-time employees.

11. In-N-Out’s employees can treat themselves to a free Double-Double burger and fries during each shift.

  • Overall Benefits Rating: 4.3
  • What Employees Rave About: “Extremely flexible with scheduling, you work with similar personalities so everyone tends to get along. You move up quickly, you genuinely feel appreciated 9 times out 10, and a free meal every day that you work. Great pay and excellent benefits for a rewarding job!” Current Employee
  • See Open Jobs

12. Deloitte offers two sabbatical programs: an unpaid one-month sabbatical that can be taken for any reason, and a three- to six-month sabbatical that can be taken to pursue personal or professional growth opportunities with 40% pay.

13. Gap provides free access to the San Francisco Museum of Modern Art to corporate employees. Gap founders Doris and Donald Fisher worked closely with the museum to feature their prominent private collection.  

14. Microsoft offers an annual $800 “StayFit” reimbursement program to help cover the cost of gym memberships and fitness programs.

  • Overall Benefits Rating: 4.4
  • What Employees Rave About: The best things were the 401K (Microsoft would match up to 50% of max) and the employee stock purchase plan. Also the Stay Fit options were good (could go to a gym or get $800 to spend on fitness related activities/equipment or other things).” Former Employee
  • See Open Jobs

15. Insurance company Swiss Re’s “Own the Way You Work” program encourages employees to embrace flexibility with their schedules and work remotely.

16. Amazon offers two programs for new parents: Leave Share, which allows employees to share paid leave with their partner if the partner’s company does not offer paid leave, and Ramp Back, which gives new moms more control over easing back into work. All perks are available for corporate, customer service and fulfillment center employees.

  • Overall Benefits Rating: 3.7
  • What Employees Rave About: Great benefits all around. Best insurance I’ve ever had, didn’t have to worry about the bill I’d receive a month later after going to the doctor. I never paid anything to the doctor or received a bill for any of my son’s well-baby visits.”Former Fulfillment Associate
  • See Open Jobs

17. USAA offers a strong 401k program with an 8 percent matching policy. According to SHRM, the average company in the U.S. matches 6 percent.

  • Overall Benefits Rating: 4.4
  • What Employees Rave About:Excellent culture and environment where they truly care about serving the members and finding new innovative ways every year to make their lives easier. Great benefits, work-life balance, and excellent coworkers to work alongside.” Current Software Developer
  • See Open Jobs

18. Southwest offers all employees and their dependents access to Clear Skies, an employee assistance program that provides confidential counseling, work/life services, and legal consultations.

  • Overall Benefits Rating: 4.4
  • What Employees Rave About: Ability to make a difference, senior management listens to all ideas for improvement, genuine care for employees, competitive salary, awesome benefits, cash bonus offered for reaching certain metrics.” Current Senior Manager
  • See Open Jobs

19. Genentech offers unique on-site amenities, including car washes, haircuts, childcare center, mobile spa and dentist.

20. Timberland employees can take up to 40 hours of paid time off per year to volunteer.

Does your company provide great benefits or perks? Let us know and share a review.

Not All Benefits Are Created Equal

While most employees rank benefits and perks as a leading consideration before taking a new job, flashy perks like catered lunches and dogs in the office aren’t what ensures employees stick around. According to Glassdoor Economic Research, these are the core benefits that make the biggest impact on employee satisfaction:

  • Health Insurance
  • Vacation & Paid Time Off
  • Pension Plan
  • 401k Plan
  • Retirement Plan
  • Dental Insurance
  • Maternity & Paternity Leave
  • Sick Days
  • Vision Insurance
  • Paid Holidays

How Much Do Benefits Matter?

Ultimately, when it comes to keeping employees engaged and satisfied, there are other factors that matter more than a benefits package. According to Glassdoor Economic Research, culture and values, career opportunities and senior leadership are the most important factors leading to employee satisfaction. So while benefits and perks are a great way to get employees in the door, they’re not among the leading factors that keep employees satisfied on the job and with a company long-term.

EMPLOYERS: If you work in HR, learn more about how benefits impact satisfaction and retention.

Methodology: This list was determined by identifying some of the more unique benefits employees are enjoying at companies, based on the hundreds of thousands of benefits reviews shared by employees on Glassdoor. Benefits have also been verified by cross-referencing third party sources, such as an employer’s official site. Rankings for this report are in no particular order, but included for simplicity of presenting this information. Each company’s Benefits Rating is based on at least 20 benefits reviews shared on Glassdoor by employees as of 1/27/17. We include this data point in this report to show how employees rate each company’s overall benefits program.

*Indicates a Benefits Rating based on less than 20 benefits reviews

 


February 07, 2017 at 07:00AM
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