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Perks dwindling, but you can still drive and fly

Towers Watson finds that companies have pared back the types of perquisites offered to executives in recent years, especially transportation-related benefits.

By Dan Cook | Updated on August 01, 2013
The percent of companies paying for greens fees and drinks at the bar fell from 24 percent to 12 percent.

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.

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Dan Cook

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.

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