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Forbes Coaches Council
Top business and career coaches from Forbes Coaches Council offer firsthand insights on leadership development & careers.
Employees love benefits. They like to feel valued and appreciated by the company they work for. But, when these benefits are nothing more than a gimmick, they can have the opposite effect and make employees wonder if they are really getting anything at all in reward for their hard work and constant efforts.
Employee job satisfaction has been constantly dropping over the last 20 years, with compensation and benefits among the top factors for the downward trend. As employers look to save money and cut costs, benefits are often the first thing to go even when they don’t intrinsically offer any mutual benefit to the employee/employer relationship.
From unlimited vacation time to employee discount programs, empty job titles and more, here are several employee benefits that are simply gimmicks and don’t actually benefit the workforce in any way, according to 13 members of Forbes Coaches Council.
1. Wellness Without Engagement
Many corporate wellness programs have shown no results whatsoever. Companies with successful programs encourage employees to become Engaged Healthcare Consumers (EHCs) by equipping employees with the resources to make smart, cost-efficient health-related decisions and provide options to improve health, including gym memberships, gamified wellness programs and voluntary disease-specific programs. – Dr. Josh Luke, Health-Wealth.com
2. Unlimited Vacation
Unlimited vacation tends to lead to employees taking less vacation, at least in North America. With no use-it-or-lose-it driver, most knowledge workers will keep working in order to serve commitments to customers and peers. It takes more chutzpah to ask for significant time off when all vacation is “at your manager’s discretion.” – Ronica Roth, CA Technologies