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Perk-cession
Reduction of employee benefits and workplace amenities From Wikipedia, the free encyclopedia
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Perk-cession is the reduction of employee benefits and workplace amenities. Perk-cessions are made to enable a business to focus on efficiency and cost.[1] Perk-cessions are not not well received by employees, negatively impacting company culture.[2][3]
The term was coined in a 2023 article by the Wall Street Journal as a portmanteau of perk and recession.[4]
References
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