The Rise of 'Green Perks' in Compensation Packages

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Green Perks,Compensation Packages,Employee Benefits

Companies are adding 'green perks' to compensation packages and employee benefits, including commuting benefits and financial support for home upgrades and EV purchases. These perks aim to embed climate change within workplace benefits culture and bridge the gap between employees' desire to take action on climate change and their employer's commitment to the issue.

Though still on the margins of the labor market, the concept of"green perks" is being added to compensation packages and employee benefits.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyBut for most rank-and-file employees, benefit packages in recent decades have had essentially two main categories — health and retirement. Now there are indications that green benefit packages may become more common.

Early adopters among employers could benefit."From our more direct experience in the benefits space, the lack of widespread implementation suggests a significant opportunity for companies to innovate and lead in this space," Schneider said. "By aligning employee benefits with environmental sustainability, companies not only address a talent demand but also more holistically support that talent," she said.

 

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