Freakonomics Radio cover image

557. When Is a Superstar Just Another Employee?

Freakonomics Radio

00:00

Reasons Why Companies Provide Compensation Outside of Wages

Companies offer compensation outside of wages for two main reasons. Firstly, these benefits can complement hard work and increase productivity. Secondly, employees may value these benefits more than the cost to the employer. For example, providing coffee in the break room can caffeinate workers and motivate them to work harder. The tech sector took this idea further with ping pong tables, promoting socialization and reducing turnover.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app