Modern companies offer a lot of perks for employees: healthy breakfasts and fruits, medical insurance, massage right in the office, a gym with personal fitness coaches, and much more. Due to recent quarantine guidelines, most companies had to stop all office activities and move some of them online, such as training and fitness classes.
Even if you have a budget for perks, tangible and intangible methods of motivation should work together. People need to know that their work matters. Perks are great for attracting people, but they have a lesser effect on retaining them.
It’s critical to understand one fundamental thing though: benefits will not replace salary. A person works for money, having all the rest is good but secondary.
However, if pay cuts are needed due to the crisis, there are ways to retain and motivate your employees, as well as preserve high efficiency. Based on my experience of