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20 Low-Cost Employee Perks

Even if you don't have a lot of money, you can still treat your employees right.
December 8, 2006
URL: http://www.entrepreneur.com/article/171630

Sorry, no one is in the office right now: They're all at the movies. Don't laugh--such a response is becoming more plausible as employers find new and enticing ways to attract and motivate employees with a wide range of perks designed to enhance individual effort and, in some cases, promote team building and chemistry.

While large companies have long touted major corporate perks, including tuition payments and daycare on site, many smaller businesses are now providing plenty of attractive low-cost perks that are having some very positive results. If you're thinking of doing something more than giving your "Employee of the Month" the best parking space, here are 20 possibilities for you to consider:

While perks in general can help bolster morale and create a loyal workforce, it's important for employers to match the perk to their specific staff. The company's culture, the needs and goals of the employees and the impact on the business should all be factored into the equation before an employer rolls out the latest perks. And remember, it's not the dollar amount that matters. It's the thought you put into it that will have the greatest effect.

Rich Mintzer is a freelance journalist and the author of several business books. He lives with his family just 30 miles north of New York City in Mt. Kisco, New York.