HR Perks

The race for great employees is on. As startups, fortune 500 companies, and other organizations compete for talent, it is becoming increasingly important to identify and understand the perks that your organization is offering. Remaining competitive in an economy where increasingly creative perks can mean the difference between average and superior talent requires regular review and adaptation. This template allows you to categorize perks into three areas. Perks that help you find people, grow them, and retain them.

Below we have a blank HR Perks template which can be found at https://www.solveboard.com/solveboard/view/model/1102

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How to Use:

  1. To use this template you simply identify and list the perks that your organization offers. These can be formal or informal perks. Some perks are a matter of policy while others have become part of the organizational culture. For the purposes of this tutorial we are going to look at a startup which is trying to hire top tier talent. It is struggling because it is based in Baton Rouge, a far cry from the alluring Silicon Valley. So it is working to develop a comprehensive perk list that might entice some top programmers. As you can see below some of the perks it uses to find people include a retreat for top tier candidates that introduces them to the company. Also offered are more traditional perks such as signing bonuses and relocation allowances. Picture1
  2. Now moving on to the next two areas which are perks that are offered to employees that help them grow as well as perks that help the organization retain those employees. As you can see below the startup we are looking at offers tuition reimbursement, class modules, and even a little book budget. To retain employees it offers a loyalty bonus at years 5 and 10, an innovative retirement builder program, and a 3 month sabbatical every 5 years of employment. Picture2
  3. Work through your own HR perks. How do they measure up to the competition? Are they enough to pull top tier talent? Should new perks be introduced? Answering these questions can mean the difference between a top tier organization and the average organization.
  4. Use the information panel as needed to expand upon any of the items on the template. Information panels allow you to provide additional text, upload files for viewers to download, and/or provide website links that connect items with external websites.Picture3

You can find this finished HR Perks template at https://www.solveboard.com/solveboard/view/model/1103

Providing the right balance of salary and perks can ensure that you get the right people in your organization. This has become a field unto itself with many new companies providing perk development services. So an entire industry is being born solely to allow organizations to provide the best perks in the business. This simple template can serve as a diagnostic of sorts that helps you to identify and organize the perks you are offering. From here you can decide to add new perks, roll back some ineffective ones, etc.

You can find more information about HR perks using the following links.
1. Mashable “Some excellent examples of perks offered by leading companies.”
2. Workforce “Great overview of perks and how they can benefit your organization.”
4. Wall Street Journal “Could this be a position your organization could create?”

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