Will Providing Perks to Employees Make Them Stay?

Leaders,

Studies have shown time and time again organizations with engaged workers will outperform their competitors. It is likely the most important competitive advantage because highly engaged workers will out-innovate, out-solve and out-work their competitors.

In an economy with such low unemployment, this is the competitive advantage for not only out-retaining but out-recruiting high performers from the marketplace.

Bill

Why Perks No Longer Cut It for Workers

The most successful companies give employees a sense of belonging

By Sue Shellenbarger

Dec. 3, 2018 9:09 a.m. ET

Corporate leaders worried about attracting new talent in the coming year might take a few cues from Yudelkis Nunez-Rodriguez.

When Ms. Nunez-Rodriguez decided to move on from her job as a human-resources manager at a New York financial-services company, she turned down offers from two Wall Street firms to take a job at Mastercard . Friends working there said its culture was warm and collaborative, she says.

 

After 4½ years as a senior human-resources manager there, Ms. Nunez-Rodriguez has five internal mentors she can call for advice. She has worked on a variety of projects in three different business units, including a one-year stint in London. And at age 40, she has mapped out a career path to a vice president post.

“People here are really willing to help one another succeed,” she says.

Companies will enter the new year amid a labor shortage so acute that any downturn in the economy isn’t likely to put much of a dent in it. With more than seven million jobs unfilled, employers have been piling on free snacks, comfortable lounges and cafes and other perks to burnish their image in the job market.

Read rest here: https://www.wsj.com/articles/why-perks-no-longer-cut-it-for-workers-1543846157

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