Calculating employee discounts involves determining the discounted price offered to employees for goods or services. For instance, an employee discount of 10% would reduce the regular price of an item by 10%.
Calculating employee discounts has become increasingly relevant in today’s competitive job market, as companies seek to attract and retain top talent. It provides benefits to both employees and businessesemployees can save money on goods and services, while businesses can boost employee morale and loyalty. Historically, employee discounts were first offered by department stores in the late 19th century as a way to reward loyal customers.