What is a non-financial perk that might be offered as part of a compensation package?

Flexible working hours are a salient example of a non-financial perk included in a compensation package. This benefit enhances employees' work-life balance, allowing them to manage their personal commitments alongside their professional responsibilities. By offering flexible hours, employers can increase job satisfaction, retention, and overall employee engagement without making direct financial expenditures.

Other perks, like health insurance and bonus payments, involve direct financial implications, either as part of health benefits or as additional monetary rewards. Base salary increases also contribute to the financial compensation aspect of a job, emphasizing the monetary value of the position rather than the flexibility or work-life quality that flexible hours provide. Hence, flexible working hours serve as an important non-financial incentive that can attract and retain talent while contributing to a positive workplace culture.