[aa_subtitle_display]As we have discussed on our blog, companies have become competitive when it comes to the perks offered to employees in order to attract and retain top talent.
Because employees are what make a business successful and are such a valuable asset, many organizations are willing to go to whatever lengths necessary to make employees happy. However, many of these perks come at a cost.
One that is becoming more and more prevalent in the corporate environment is providing employees with free lunches. We wanted to take you through the advantages and disadvantages of this to help you decide if this move could be right for your business.
The Benefits of Providing Employees with Free Lunch
It increases productivity
When lunch is provided to your employees inside the office, it cuts down on the time on a daily basis that they will be away from their work. This is because it largely reduces the need for them to go off site to get food.
Increased employee morale
According to Glassdoor surveys, employees that were provided meals at work had an overall higher employee satisfaction rating.
Additionally, company sponsored lunches are a way to bring employees together during a meal, allowing for improved relationships and a stronger sense of community. Better relationships within the office is a great way to improve morale.
It’s a recruiting point
This is a perk that is attractive to candidates. Free lunches are appealing because they are convenient and they save employees a great deal of money. This could be a large selling point for potential employees that you want to attract to your organization.
The Disadvantages of Providing Employees with Free Lunch
Clearly, providing daily meals to your employees is a large cost to your business. Before committing to this idea, it is extremely important to understand if it is a financially sound decision and weighing the benefits against the cost for your specific company.
It takes careful planning
These lunches do not just come together out of thin air. Coordinating these meals takes a great deal of planning and can use up time and resources that are valuable to your company.
Between researching good options to working through the logistics of the order, delivery, set-up, and clean-up, this can be quite an undertaking for your team to coordinate.
It discourages your employees getting out
While employees eating together is a good thing, it could also be good for your workers to get out of the office for a break during the day.
Employees getting out of the office and getting some fresh air could improve their productivity levels, their creativity, their moods, and have an array of other benefits.
Lunch in the office could diminish the chances of them going out and would minimize these benefits – all of which are good for your company.
How a PEO Can Help
Now that you’ve heard both sides of the story, you probably will want to discuss this with your PEO, who can be helpful in making a decision around this issue.
Let us match you with the best PEO for your business through our complimentary competitive analysis. Give us a call today to get started.