perk package

Definition

The collection of non-salary benefits and amenities companies offer, from gym memberships to free snacks. Often used to distract from below-market compensation with ping pong tables and kombucha on tap.

Example Usage

Their perk package includes unlimited LaCroix and a 'nap room,' but the salary is 20% below market—hard pass.

Origin

Evolved from traditional benefits in the tech boom of the 2000s-2010s as startups competed for talent

Fun Fact

Studies show employees would trade most perks for higher base salary, but companies keep adding foosball tables instead of raises.

Source: Modern benefits and total rewards terminology

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