The corporate powers-that-be have decided that belonging to a fancy private club no longer serves a business purposes. But jetting around the world on the company aircraft apparently does.
These are among the conclusions from a Towers Watson survey of trends in company perquisites proffered to top executives. The survey compared perks offered in 2008 to those offered today offered to executives at 332 Fortune 500 companies.
"Companies have pared back the types of perquisites offered to executives in recent years, especially transportation-related benefits. However, perk reductions have not been across the board, and perks continue to play a meaningful role in attracting and retaining key employees," Towers Watson said.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
