It's certainly a cost of having an employee, along with salary and benefits. But employee costs also include things like laptops, electricity, internet, management, support staff, and possibly office space. Tokens are much more like the latter than the former.

Many companies used to brag about about how nice the laptop or office was as a way of convincing people to work there. Often in the same breath as compensation.

But compensation is only one component of cost.

So I think this guy is confused about what it costs to have an employee and what the employee gets out of it. Possibly intentionally.