Are Family Perks Ever In Order?

Chris Eckrich
Chris Eckrich

When the economy tanked in 2008, many business owning families trimmed employee pay and benefits, and reduced perks available to family members working in the business.  While many have recovered with improved economic conditions, we see families struggle to balance their desire to professionalize their businesses (a force that moves them away from family perks) while still being an enticing enterprise for family employees (a force that moves them towards some family perks).  Non family employees have moved from merely raising eyebrows at family perks to outright resentment (especially those who experienced cuts to their own wages and benefits).  While it is easiest to choose a rigid position (either adopt a no family perks rule or simply say “who cares what non family managers think!”), many find these two ends of the spectrum unpalatable.

What are your views?

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