Employee Perk Stipends The Ultimate Guide to

The Ultimate Guide toEmployee Perk Stipends

Table of Contents:Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Employee Perk Stipends 101

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Employee Perk Stipends in Practice

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The Impact of Employee Perk Stipends

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Getting Started With Perk Stipend

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Additional Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

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Introduction

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Employee Perk Stipends 101

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What is an Employee Perk Stipend?

employee perk stipend

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An example of an Employee Perk Stipend:

If you had a $100/month to spend, what would you buy?

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How do companies use Perk Stipends?

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Add-On to Existing Perks Entire Perks Program

Example:

Example:

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Employee Perk Stipends In Practice

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How do Perk Stipends differ from the traditional approach to employee perks?

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Difficult to manage

Employee dissatisfaction

Costly for organizations

Easy to manage

Employee happiness

Inexpensive for organizations

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The new way to offer perks:The traditional way to offer perks:

Benefits to Employee Perk Stipends

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Easy to manage for HR

Better operationally

Employees are happier

Organizations experience more

success

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Why pick one perk when you can offer them all?

Companies using Employee Perk Stipends:

● Microsoft:

● Qualtrics:● Airbnb:● Basecamp:

● Webflow:● Buffer:

● Circle:

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The many platforms used by Buffer's team for their $20/month learning stipend.

15 unique platforms to be exact.

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The Impact of Employee Perk Stipends

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Impact of Perk Stipends*:

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What people are saying about

their Perk Stipends

(through Compt)

Read the Webflow case study

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What people are saying about

their Perk Stipends

(through Compt)Read the Great Place to Work case study

Read the CFO case study

Getting Started With Employee Perk Stipends

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When do companies begin using stipends?

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they are ready to offer

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When do companies begin using stipends? (Cont.)

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trying to address the following issues or solve these problems:

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How to Set Up Perk Stipend:

Identify your number of employees & total budget for employee stipends.

Determine how much you'd like to spend per employee per timeframe.

Select categories for employees to spend in.

Set up your program.

Last, but not least, communicate it to the team.

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3 Use Cases of Employee Perk Stipends

Examples of what people buy:

- Gym memberships

- Home-gym equipment

- Meditation apps

- Fitness trackers / wearables

- Subscriptions to fitness apps

- Therapy / Coaching

- Personal trainers

- Nutritionists

- Healthy food

Let your people pick the best way to support their own physical, emotional, financial, and mental health.

Health & Wellness Stipends

Select from the following spending categories:

- Technology or software

- Home-office equipment

- Home internet

- Cell phones

- Or add any other spending category like “food” “family” and “health & wellness”

Set your team up to work remotely by developing remote work stipends.

Remote Work Stipends

You can select one or create any combination using the following categories:

- Health & Wellness- Learning & Development- Meal / Food- Family- Equipment- Experience- Cell phone- Commuter - Productivity / Tech- Charitable Giving

Create a custom stipend that aligns with your company’s mission, values, and goals.

Custom Lifestyle Stipends

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Ready to see how Employee Perk Stipends would work at your

company?We've got you covered. We're here to talk through your company's current goals and

challenges with perks, and see if stipends can help you achieve even greater success.

Talk to a Perk Stipend expert