Workplace Trends: Employee Amenities and Give-Back
As we see horizons go down and workstation footprints get smaller, Gen Y is dominating the workforce and competition for talent is at a premium. Attraction and retention is key! Companies are now learning that in order to maximize real estate footprint by reducing personal space ownership, they must give amenities back to their employees.
Some of the top companies when it comes to employee amenities and give-back are in Silicon Valley. Here are some of the standout amenities top companies are offering:
- On-site daycares
- Outdoor spaces (volleyball courts, free bicycles, meditation/yoga areas)
- Free bicycle repair for employees who ride their bike to work
- Free laundry services
- Free computer repair (personal or business)
- Free batteries
- Free food—basically anything the employee wants (for the whole family!)
- Valet parking
- Flexible hours
- Ability to work virtually
- Extensive collaborative/meeting/technology areas
It should be noted that most of these amenities are extended to an employee’s entire family in the Silicon Valley locations. Employers are learning the importance of making it as easy as possible to balance work and play if they want to attract and retain top talent.
But it isn’t just about attracting talented employees—it’s about keeping up the happiness and morale of existing employees. According to BusinessWeek.com, research on creativity, productivity, and the psychology of the everyday work life returns one key truth: the happier the employees, the more productive and creative they will be.
In fact, Gallup has found that there is a direct link between employee feelings and corporate outcomes, and lost productivity due to employee dissatisfaction and disengagement costs more employers in the U.S. more than $300 billion annually.
Quarterly employee surveys at these companies show that the “top brass” are constantly involved in the building of the culture and are aware of employee morale. This also makes the employees feel they have a voice and are heard.
What amenities do you offer your employees? Have you found that a company culture that breeds employee happiness results in improved creativity and productivity?