More Than Ping Pong: Employee Benefits That Actually Work

It’s a startup tale as old as time: a new company gets funding. The New company overspends funding on unnecessary stuff (i.e. employee benefits that don’t work). The New company loses funding and becomes a Silicon Valley cautionary tale.

While we can’t make sweeping generalizations about every failed startup, we can pinpoint one of the major problems affecting small businesses that receive big funding: Employee benefits. After all, how many times have you heard about companies offering ping pong tables in the break room, or beanbag chair workstations that promise to attract and keep employees? Not only are these so-called benefits expensive, but they don’t actually work to motivate workers.

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