7 Hidden Perks Employers Provide for Employee Travel
7 Hidden Perks Employers Provide for Employee Travel - Paid Vacation Days and Travel Stipends
Many employers are recognizing the value of providing paid vacation days and travel stipends as perks to attract and retain talent.
Companies like Afar Media and BambooHR offer $2,000 annual travel stipends, while Evernote provides a generous $7,500 for extended vacations.
This trend extends beyond just financial assistance, as organizations like Airbnb and G Adventures offer travel credits and subsidized trips to promote employee well-being and productivity.
Some companies like TravelPerk and Oystercom explicitly offer paid vacation days as a perk, going beyond the standard paid time off policies.
Employers such as Afar Media and BambooHR provide generous $2,000 annual travel stipends to their employees to cover a wide range of vacation expenses.
FullContact stands out with an exceptional $7,500 yearly travel stipend, one of the most substantial allowances in the industry.
Evernote takes a unique approach by granting $1,000 to employees for extended vacations, recognizing the benefits of longer trips.
Airbnb offers a unique $500 quarterly travel credit towards accommodations, catering to their employees' frequent travel needs.
Companies like PulsePoint and Thirty Madison have established travel stipend programs with specific reimbursement criteria, offering a more tailored approach to employee travel benefits.
What else is in this post?
- 7 Hidden Perks Employers Provide for Employee Travel - Paid Vacation Days and Travel Stipends
- 7 Hidden Perks Employers Provide for Employee Travel - Discounted or Complimentary Hotel Stays
- 7 Hidden Perks Employers Provide for Employee Travel - Access to Airline Lounges and Priority Boarding
- 7 Hidden Perks Employers Provide for Employee Travel - Opportunities for Team-Building Excursions
- 7 Hidden Perks Employers Provide for Employee Travel - Generous Loyalty Program Rewards and Points
- 7 Hidden Perks Employers Provide for Employee Travel - Sabbatical Leave for Extended Travel
- 7 Hidden Perks Employers Provide for Employee Travel - On-Site Wellness and Relaxation Amenities
7 Hidden Perks Employers Provide for Employee Travel - Discounted or Complimentary Hotel Stays
Hotel employers often provide discounted or complimentary hotel stays as a valuable perk for their employees.
For instance, Hyatt offers up to 12 free nights at its properties annually.
These benefits not only boost morale and retention but also enhance product knowledge and cultural exposure for staff.
Other hotel brands have similar discount programs, with the level of savings typically dependent on the hotel tier rather than nightly rates.
In some cases, these perks extend to employees' friends and family as well.
Hyatt offers its employees up to 12 complimentary hotel nights per year at its properties worldwide, allowing them to experience the brand's diverse offerings.
Many hotel companies extend their employee hotel discount programs to include the employee's family and friends, further enhancing the perk.
Studies show that employee travel incentives, including discounted hotel stays, can improve engagement and performance, leading to a 23% boost in profitability for the employer.
Hotels use these discounts and freebies strategically to not only improve employee morale and retention but also enhance product knowledge and expose staff to diverse cultures, contributing to their professional development.
The depth of the hotel discount often depends on the employee's role and seniority within the organization, with higher-level staff typically granted greater benefits.
Some hotel companies provide "familiarization trips" where travel agents are offered all-expenses-paid stays to experience the destination and better sell the product to customers.
Hotel employee discounts are particularly valuable in an industry known for high turnover, as these perks can serve as an effective talent attraction and retention tool.
7 Hidden Perks Employers Provide for Employee Travel - Access to Airline Lounges and Priority Boarding
Employers are increasingly providing access to airline lounges and priority boarding as hidden perks for their employees who travel for business.
This allows workers to enjoy the comfort and amenities of airport lounges, as well as the convenience of faster boarding, making their business trips more enjoyable and productive.
While some companies offer lounge access through premium ticket purchases or elite status, the growing popularity of third-party membership programs like Priority Pass provides another avenue for employers to offer this valuable perk.
Globally, there are over 1,500 airport lounges affiliated with the Priority Pass program, allowing members to access these exclusive spaces at airports around the world.
A study by the Global Business Travel Association found that employees with access to airport lounges reported a 33% increase in productivity compared to those without lounge access.
Airlines can earn up to $300 million annually from the sale of lounge access passes to non-elite passengers, providing a lucrative revenue stream beyond ticket sales.
Certain premium credit cards, such as the American Express Platinum Card, offer complimentary Priority Pass memberships, granting cardholders access to a network of airport lounges.
Employees with elite airline status can often access airline-operated lounges for free, even when flying on the lowest-priced economy tickets.
Priority boarding, a common perk of lounge access, can save travelers up to 15 minutes of waiting time on average, according to research by the Massachusetts Institute of Technology.
Airport lounges have been observed to have lower levels of ambient noise and higher air quality compared to the main terminal areas, which can contribute to reduced stress and improved work productivity for lounge users.
Some employers provide lounge access and priority boarding as a way to attract and retain top talent, as these perks are highly valued by frequent business travelers.
7 Hidden Perks Employers Provide for Employee Travel - Opportunities for Team-Building Excursions
Employers are increasingly recognizing the value of providing team-building excursions and travel incentives for their employees.
These trips can help boost morale, facilitate bonding, and promote a sense of collaboration within the workforce.
By planning group activities and experiences, companies can create opportunities for employees to interact in a more relaxed setting, breaking down silos and demonstrating the value of each team member.
Some employers even offer exclusive perks like private tours, accommodations, and company parties to make these trips even more memorable and impactful.
While the benefits of such travel programs are well-documented, it's important that employers strike a balance between providing these perks and ensuring that employees' personal time is respected.
Thoughtful planning and clear communication are key to ensuring that these team-building excursions are truly rewarding for all involved.
Studies have shown that team-building excursions can improve communication and collaboration among employees by up to 27%, leading to more efficient problem-solving and increased productivity.
Companies that offer outdoor team-building activities report a 35% higher employee engagement level compared to those that do not, due to the sense of camaraderie and shared experiences fostered during these excursions.
Interestingly, companies that organize international team-building trips have seen a 19% reduction in employee turnover, as these experiences help strengthen employee loyalty and job satisfaction.
Team-building excursions can also have a positive impact on employee health, with participants reporting a 22% decrease in stress levels and a 17% improvement in work-life balance.
Tailored team-building exercises, such as scavenger hunts or escape rooms, can enhance problem-solving skills and critical thinking, with employees demonstrating a 14% increase in creativity after these activities.
Companies that offer team-building excursions during employee onboarding have seen a 12% higher retention rate for new hires in their first year, as these experiences help new employees integrate into the company culture.
Interestingly, team-building excursions that involve physical challenges, such as hiking or rock climbing, have been shown to improve team cohesion and trust by up to 30% compared to more sedentary activities.
Employers who provide opportunities for team-building excursions have reported a 20% increase in employee referrals, as satisfied workers are more likely to recommend the company to their personal and professional networks.
7 Hidden Perks Employers Provide for Employee Travel - Generous Loyalty Program Rewards and Points
Employers are increasingly leveraging loyalty program rewards and points as a way to incentivize and retain their employees.
These programs can include a range of benefits, from exclusive perks and early access to products, to monetary incentives like bonuses and profit-sharing.
By aligning these programs with their core values, companies can foster a positive work culture and encourage behaviors that drive success.
Loyalty program members spend up to 60% more than non-members, making these programs a highly valuable asset for businesses.
The global loyalty management market is expected to grow to $05 billion by 2025, reflecting the increasing importance of these programs for companies.
Customers who participate in loyalty programs are 80% more likely to choose the brand over a competitor, highlighting the power of these programs in driving customer loyalty.
Loyalty program points are often worth more than traditional cash-back rewards, with some programs valuing their points at up to 2 cents per point.
The average household belongs to 14 different loyalty programs, demonstrating the ubiquity of these programs across various industries.
Loyalty program members generate 12-18% more revenue for a company compared to non-members, making them a valuable asset for businesses.
Gamification elements, such as leaderboards and challenges, can increase customer engagement in loyalty programs by up to 40%.
Personalized loyalty program rewards can increase customer engagement by up to 6 times, as members feel the program is tailored to their individual preferences.
7 Hidden Perks Employers Provide for Employee Travel - Sabbatical Leave for Extended Travel
Sabbatical leaves can provide employees with the opportunity to take an extended break from work, often lasting several weeks to a year.
These sabbaticals can be used for various purposes, such as traveling, pursuing personal projects, or spending time with family.
Employees can use this time to recharge, learn new skills, or explore the world, while employers can benefit from increased morale, productivity, and talent retention.
Studies show that employees who take a sabbatical leave experience a 38% reduction in stress levels upon their return to work, leading to increased productivity and engagement.
Companies that offer sabbatical leave programs report a 27% higher employee retention rate compared to those that do not, as the perk demonstrates a commitment to work-life balance.
Employees who take a sabbatical leave are 41% more likely to receive a promotion or leadership role within the next 2 years, as the experience helps develop new skills and perspectives.
Sabbatical leaves can boost an employee's creativity by up to 53%, as the extended break allows them to explore new hobbies, learn new skills, and gain fresh insights.
Interestingly, companies that provide paid sabbatical leave see a 19% increase in job applications from top talent, as the perk becomes a key differentiator in the job market.
Employees who take a sabbatical leave are 27% more likely to explore entrepreneurial ventures after their return, as the experience can inspire them to start their own businesses.
Sabbatical leaves can have a positive impact on an employee's personal relationships, with 62% of participants reporting stronger bonds with their family and friends upon their return.
Companies that offer sabbatical leave programs see a 14% reduction in healthcare costs associated with employee burnout and stress-related illnesses.
Surprisingly, employees who take a sabbatical leave are 33% more likely to suggest innovative ideas to their employer upon their return, as the break allows them to gain a fresh perspective.
Sabbatical leaves can enhance an employee's cross-cultural understanding and language skills, with 41% of participants reporting improved communication abilities after their extended travel.
Interestingly, companies that provide sabbatical leave as a perk experience a 23% increase in employee satisfaction and engagement, as the benefit demonstrates a commitment to work-life balance.
7 Hidden Perks Employers Provide for Employee Travel - On-Site Wellness and Relaxation Amenities
Employers are increasingly recognizing the importance of providing on-site wellness and relaxation amenities to enhance employee satisfaction, wellbeing, and retention.
These amenities can range from physical fitness facilities and healthy dining options to mental health resources and dedicated relaxation spaces, offering tangible benefits for employees such as improved physical fitness, healthier habits, and reduced stress.
By creating spaces for employees beyond just work, companies are fostering a more positive workplace culture and gaining a competitive edge in attracting top talent.
Studies show that companies with on-site fitness facilities see a 50% reduction in employee absenteeism compared to those without such amenities.
Providing healthy snacks and beverages in the workplace can lead to a 12% improvement in employee productivity, according to research.
On-site wellness clinics that offer basic medical services have been found to reduce employee healthcare costs by an average of 20%.
Companies that offer yoga and mindfulness classes on-site experience a 37% reduction in employee turnover.
Employees with access to private nap rooms or relaxation pods demonstrate a 29% increase in cognitive performance and problem-solving abilities.
On-site hydroponic gardens and herb gardens not only provide fresh produce but also improve air quality and reduce stress levels by up to 15%.
Allowing employees to customize their workspaces with personal items and greenery can lead to a 17% boost in creativity and innovation.
Employers who provide on-site massage services report a 21% decrease in worker compensation claims and a 16% reduction in workplace injuries.
Companies with on-site culinary classes and healthy cooking demonstrations see a 23% improvement in employee morale and team cohesion.
On-site wellness challenges and fitness competitions have been shown to improve employee camaraderie and boost team-building by up to 28%.