It’s been long reported that Google treats its employees well, from offering them free food and fitness classes to laundry service and car washes. But according to a recent report, Google recently rolled out death benefits to employees, including a generous offer to pay the spouse or partner of a deceased staffer half of their salary for a decade.
Doing good and talking about it. And it has a fantastic twist. Life insurance benefits for free - some companies offer that, not just Google. Financially it may be the same - but 'paying half of the salary for a decade..." sounds a lot better than getting free life insurance for a few hundred $ per year.
I think it is not just a great perk but also a great communication we see here.
+Ian Jones Brilliant. How can you find a negative when this story is only positive. 5 x salary upfront would probably incur a lot more tax burden on the surviving family member anyway. It's about support rather than a lump of cash.
+Ian Jones , they don't have to offer this benefit, but they do. So, asking them to fork over now is like looking in a gift horse's mouth. Besides, most people can't manage an infusion of cash and would've spent it within a month or two vice planning for long term retirement. Also, corporations don't make large amount of cash to pay out now. They plan with future revenue in mind. And, they already pay decent salary with plenty of perks.
+Ian Jones Could you elaborate on the "depreciation" comment? I'd like to understand the math behind it.
Maybe you could also comment on this bit from the full article:
"The surviving spouse or partner of a deceased employee will also acquire vested stock benefits, and children will receive $1,000 a month until the age of 19. The timeline can be extended if the child is in school full time."
This kind of thing is fairly common practice in European social democracies - maybe that's where they got the idea. And at least they're not like Wal-Mart, taking out insurance on employees that only benefits the company!
This kind of perk is an indication of how successful they are...the question is...when a competitor rises up to legitimately compete with Google...how long will this kind of perk last...plus some of the others. I applaud #Google for how the perks they provide their employees.
From this I can see that Google plans for the future but acts in the now. They don't waste any time living in the past. They want what is best for their company and the people who make it a reality. I applaud Google for this and can only hope that other companies seriously learn from them.
I think it's really commendable and shows Google can be a real leading example to other companies. In that spirit I would like to share a link that is asking Google to pay an honest share of UK taxes, something that they currently fail to do. Please sign and share this petition Thanks https://secure.38degrees.org.uk/Google-Tax
Nice benefits for staffer family. On one hand a spouse should support his/her Google employee significant one for sake of family's wellbeing. But another hand there is some risk to googleler as well as a partner might want his/her death to get those benefits on hand.