What is Employee Discount in Retail? Explained

An employee discount in retail is a special benefit or perk offered by employers to their staff, allowing them to purchase products or services from the company at a discounted rate. This discount is typically a percentage off the regular retail price and is intended as a form of recognition and incentive for employees. Employee discounts not only boost morale and job satisfaction but also contribute to fostering a sense of loyalty among staff. This common practice in the retail industry serves as both a tangible employee benefit and a way to encourage team members to engage with and become familiar with the products or services the company offers.