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A benefit that I'm surprised I don't see more often for offices is catered lunch. If you estimate that the employee was probably going to spend 5 to 10 dollars
by harimau777 3y ago
A benefit that I'm surprised I don't see more often for offices is catered lunch. If you estimate that the employee was probably going to spend 5 to 10 dollars for a meal anyways, then that's effectively a roughly $1200 to $2400 raise. However, I'm guessing that the company can probably get less than $5 per meal since they are effectively buying in bulk.
This seems like it would be a win win situation. The effective value of the employee's "raise" is more than what the employer has to spend on the "raise".
Of course that's assuming that the company actually caters high quality, healthy food. If they try to cheap out then that all falls apart.
- Forge36 3y agoIt also assumes well behaved individuals with a buffet. My job serves food at cost of the food. They cover the culinary employees wages.
- sokoloff 3y agoIt's probably even better than that. If I'm going to spend $2400/yr on lunches (with after-tax money) and I'm in a 40% combined state/federal marginal tax bracket, that's consuming $4000 of gross pay annually. If my employer instead chooses to provide the meals, they are tax-free to me and 50% deductible to them, meaning the benefit that was consuming $4000 of expense to the company is now costing them perhaps $2000. (That's before assuming any efficiency other than tax treatment efficiency.)
- JambalayaJim 3y agoIt’s a win win beyond money. It helps me go into the workday without the mental load of procuring lunch. $10 for a meal is rather cheap these days too.
- wink 3y agoBut what about remote/semi-remote/a lot of WFH? Do you miss out on your benefit and it's your own fault? Is it mostly to draw people back into the office? I would have agreed 5-10 years ago, but now I find this kinda moot.