Since an article I wrote in June of 2009 called “How a foosball table can kill your startup” is still sparking attention and conversation, I think the time is ripe for me to expand on the topic. Yes, I still believe that tchotchke “benefits” do nothing but waste money. Instead, use your resources to attract new, retain your best talent, and improve your team’s happiness.
Here are additional issues for us to consider:
So what do I suggest?
NOTE: the dynamics are a lot different in creative industries like industrial design, advertising agencies, marketing and communications companies, etc. Talent employed in these types of companies have different needs and motivations.
Want to get better understanding of Maslow’s Hierarchy of Needs? Watch the video below.