Perks

Perks, short for perquisites, refer to special advantages, benefits, or privileges provided to an individual, often in addition to their regular salary or wages. These non-wage compensations are designed to attract, retain, and motivate employees, or to offer incentives to members of a group. They can be tangible, such as company cars or subsidized meals, or intangible, like flexible work hours or opportunities for professional development. Perks aim to enhance the overall value of employment or membership, contributing to employee satisfaction, loyalty, and a positive work environment. The nature and extent of Perks vary widely depending on the industry, company size, and employee level.

Perks meaning with examples

• The company's generous Perks package included health insurance, paid vacation, and a gym membership, making the job offer incredibly appealing to potential employees. These Perks were designed to attract the best talent. It was hoped the Perks would also improve employee morale.
• As a senior executive, Sarah enjoyed a range of exclusive Perks, including a reserved parking space, a private office, and access to the company's executive lounge. These Perks made her feel valued and provided a sense of status. The Perks enhanced her work environment.
• Joining the exclusive club offered several enticing Perks, such as access to a private golf course, discounted rates at luxury hotels, and invitations to high-profile social events. These Perks certainly influenced her decision. These Perks made the club more popular.
• The startup company, known for its employee-centric culture, offered unique Perks like unlimited vacation time, free snacks, and on-site yoga classes, aiming to foster a creative and relaxed work environment, creating a healthy workspace. These Perks were extremely valuable to staff.