From adoption assistance to subsidized student loan repayments, a new study reveals which Fortune 100 companies across Europe and US offer the best work perks. Alphabet (Google) is top for its generous flexible working schemes and holiday packages.
by Microsoft Office productivity add-in UpSlide, looks at largest corporations in the US and Europe to determine which companies offer their employees the best work perks – based on what they want.
A recent US Glassdoor study shows employees prefer health insurance (40%), paid time off (37%) and performance bonuses (35%) over a pay rise, and out of the top 13 benefits cited, not one of them was a lavish work perk – employees now want benefits that enhance their life.
The study finds that major companies offer lavish work perks but fail to cover the basics that people actually want. Apple organises expensive staff socials and festivals with artists such as Stevie Wonder, but doesn’t put focus on employee healthcare packages and development plans on the job section of the website.
According to the study, flexible working environments are deciding factor in them choosing a workplace, but only 22% of Fortune 100 companies offer this as an option.
As part of the research, UpSlide has created a happiness index, allowing users to select which work perks matter to them. The index shows companies that best match your search to show best-fit companies.
There are several workplace benefits that can set companies apart, and according to the study, these major organisations are going to extremes to attract employees based on what’s useful to them now.
Alphabet Inc. (Google) named the best Fortune 100 company for work perks, with Procter & Gamble following closely behind
These are the top 10 companies to work for based on work perks that actually matter:
1. Alphabet Inc. (Google) – good for car and holiday lovers!
- Flexible working
- Financial support with childcare
- Free access to company vehicles
- Huge discounts on BMW and Mini cars
- Take extra holiday and sabbatical
2. Procter & Gamble – good for salary-focused people!
- Employee stocks & shares programme
- Performance-based bonus schemes
- Free counselling for your family
- Access to huge discounts on P&G products
- New hire loans
- Occupational health
3. Best Buy – good for family-focused people!
- Adoption assistance
- Bonus schemes
- Extensive health insurance packages
- Free mental health counselling and resources
- Good for family-focused people
4. Massachusetts Mutual Life Insurance – Good for family-focused people!
- Flexible working
- Adoption assistance
- Education funding
- Commuting expenses fully paid
- Comprehensive medical coverage
- Health savings account
5. McKesson – Good for health-conscious people!
- Rewards and rebates for a healthy lifestyle
- Best in class health and wellness programs
- Paid time off + company holidays
- Paid parental leave
- Volunteer days
- Reimbursement on scholarship grants
6. Freddie Mac – Good for family-focused people!
- First-time homebuyers get up to $12,000 a year
- Education reimbursement up to $12,000 a year
- Student loan repayment benefits
- Flexible working arrangements
- New mum rooms
- Maternity/paternity and adoption leave
- Adoption expense reimbursement up to $30,000
7. Cisco Systems – Good for salary-focused people!
- Employee stock-purchase program
- Annual bonuses
- Tuition reimbursement
- Paid time off
- Flexible work culture
- Access to world-class physicians
- 5 days off per year to volunteer
8. Deere – Good for new and prospective parents!
- Annual cash bonuses
- Adoption reimbursement benefit
- Maternity and baby care programs
- Emergency care doctor and hospital visits
- Flexible working opportunities
- Discounts on a huge number of products
9. Progressive – Good for new and prospective parents!
- Flexible working
- Annual bonus
- Adoption assistance
- Tuition assistance
- Paid parental leave
- Healthcare program
- Maternity support programs for new and expectant mothers
10. Humana – Good for family-focused people·
- Extensive health plans
- Paternity leave
- Paid time off + holidays
- Performance bonus schemes
- Discounted legal services
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The study also looks at the best Fortune 100 companies for parents, paw-rents and inclusive working environments.
Rob Jones, UK CEO from UpSlide said: “Workplace benefits extend beyond helping employees learn career skills and take control of their schedules – they help instil work-life balance, increase efficiency and ultimately decrease staff turnover. According to previous studies, employees care a lot about perks that help improve their quality of life [RJ3] [EW4] day-to-day – despite this, many employers still focus on lavish work perks over benefits like flexible working”.
“At UpSlide, employee happiness is at the heart of everything we do and that’s why we were ranked first place in the Happiness at Work Index 2019”