Innovative Benefits

There is a downturn in the economy, so the quick-fix cost-cutting option that most companies first turn to are a decrease to employee benefits. But companies often fail to analyze which benefits are most 'valuable' to employees before deciding which to cut & how.

Companies profit off economies of scale but fail to capitalize upon their ability to achieve the benefits of economies of scale. For example, I do not receive a company phone nor computer, but I am conscious that the company can provide me a phone & computer at a much lower price than I can go out & purchase one individually. I understand that there are tax implications involved if the company were to simply provide me a phone, but if they gave me an option to purchase a phone through the company at the price that the company receives, the benefit to me would be huge! In other words, the company would facilitate a higher disposable income for their employees, which I KNOW would feel like a major benefit to them. So, a company does not need to slash salaries, but rather facilitate ways in which employees can achieve the same or better standard of living from the same salary.