Passing on Perks: Secondary Selling by Employees of Sport/Entertainment Tickets

Last year, French bank Crédit Agricole cut travel and entertainment expenses for its bankers. New measures capped employee expenses and imposed limits on the use of taxis, expensive hotels and gourmet meals. The angry response from employees revealed the powerful effect which perks/benefits-in-kind can have on employee morale.

From this perspective, any decision relating to employee benefits-in-kind (or their removal) should be carefully considered. Applied thoughtfully, perks can have a positive influence on employee effectiveness and wellbeing. Applied carelessly without guidance on any restrictions, or given and then taken away, they can do more damage than good.

Benefits which an