The Herman Trend Alert has a surprising report on a survey looking at employee perks for 2008. The economy may be tanking, but employers are aware of the need to retain talent. In spite of the drastic effects of the economy on the labor market with announced workforce reductions up 30 percent, a surprising majority of companies (66.7 percent) have chosen to preserve their employee perks. Ten percent of those employers said they had considered trimming perks, but decided to leave them at current levels. Despite their need to reduce their expenses, almost 55 percent still plan to distribute year-end bonus checks this year (2008). Only 20 percent of the… Read More
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