Perks

A perk is different from a benefit because it is an advantage that accrues to an employee through the office held, outside of salary and benefits. While the advantage may be justified for the interests of the organization, there is a fine line separating the organization’s needs from those of the employee. A perk is not easily defined or managed, in comparison with other forms of compensation. There are numerous forms of compensation of employees. Salary is the rate of pay provided, while benefits are additional forms of compensation. Benefits can be evaluated as a form of pay, measured in dollars. This is clear in the case of bonuses, insurance coverage, and retirement plan contributions. Cafeteria benefit plans, which allow choices among benefit options, work ...