Cutting Back on Perks and Benefits

We have asked the Corporate Legal Services department of PwC to set out advice in relation to 'perks' at work and their possible removal in order to save costs.

Although not legally defined, employee perks are generally recognised to be the little extras that make going to work more enjoyable, such as free fruit and snacks, Friday drinks, or the summer barbeque. Commonly perks arise from unwritten practices, which may not amount to contractual entitlements, and which contrast with what we consider to be the more fundamental contractual benefits, such as medical insurance, pension or holiday.

Perks, but more particularly benefits, can be used to attract and retain talent, potentially reducing