Insider Monkey

25 Companies with the Best Benefits and Perks

Minal Zaheer
10 min read

In This Article:

In this article, we will take a look at the 25 companies with the best benefits and perks. If you would like to skip our discussion on the global workforce trends, you can go to the 5 Companies with the Best Benefits and Perks.

In today's dynamic business environment, attracting top talent requires more than just competitive salaries; it demands a comprehensive benefits package that will address the diverse needs of a modern workforce. Companies that offer various perks not only enhance their attractiveness as employers but also leverage these benefits as strategic tools for business growth and sustainability.

This is evidenced by the fact that organizations recognized for their superior employee benefits often report lower turnover rates, translating to significant cost savings in recruitment and training. According to the Society for Human Resource Management (SHRM), 56% of US employees consider employer-sponsored health benefits when deciding to stay in their current job. When it comes to identifying the best employee benefits companies, it's important to explore various sectors, including tech giants and manufacturing firms. This helps in understanding how innovative benefits can shape business outcomes and employee satisfaction. The companies that lead in this realm not only offer traditional perks but also prioritize the holistic well-being of both full-time and part-time employees.

Workplace Evolution: Changing Expectations of Today's Workers

A Microsoft survey from 2021 found that 41% of workers globally were thinking about leaving their jobs within the next year, showing how people's expectations from their workplaces are changing. Health benefits are now crucial for employee satisfaction, as highlighted in another 2021 Glassdoor survey where 40% of the respondents said health insurance is the most important benefit. Furthermore, the desire for flexible work is also growing. In a 2022 FlexJobs survey, 56% of participants said they'd consider finding a new job if remote work options were taken away. Companies like Alphabet Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), and Salesforce (NYSE:CRM) are adapting to these changing needs of employees by introducing flexible policies.

At Google, a key player under Alphabet Inc. (NASDAQ:GOOG), there's significant emphasis on creating a rich workplace culture and extending a wide range of benefits to its employees. This commitment has consistently positioned Alphabet Inc. (NASDAQ:GOOG) at the top of employee satisfaction surveys, highlighting the importance of employee well-being in achieving organizational excellence. This has also helped improve Alphabet's financial performance, with the company achieving a remarkable 13.49% growth in revenue in the final quarter of 2023. Similarly, Microsoft Corporation (NASDAQ:MSFT) also prioritizes employee benefits and is one of the companies with the best health benefits. With perks like healthcare, parental leave, and development opportunities, Microsoft has created a workplace that promotes a positive culture and boosts innovation and productivity. This approach has been vital to Microsoft's ongoing financial success, consistently reaching a market capitalization of over a trillion dollars. Salesforce (NYSE:CRM) is another company that promotes a deep sense of unity and community among its staff. Salesforce's commitment to its employees is evident in its low attrition rates and high satisfaction scores. With consistent year-over-year growth, Salesforce (NYSE:CRM) remains a leader in the customer relationship management sector.

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