16 BUSINESS BIG SPENDERS
these companies splash big cash to get their employees to stick around long-term
Jell-O shots, ZEN rooms and surgery for staff members. These successful COMPANIES aren’t afraid to SPLASH the CASH to stand out – and retain TALENT.
In addition to seriously splashing out on company perks, Google matches staff donations to charitable organisations (up to US$6000 annually), and in the event of an employee’s death, their spouse receives 50 per cent of their salary for 10 years. They also committed US$1 billion in grants to non-profits aimed at training high-tech workers.
Not to be outdone by Google, Apple matches employee donations up to US$10,000 per year. They also host ‘beer bashes’ and concerts (with celebrity performers such as Stevie Wonder) for their teams, who also enjoy a limitless supply of the tech giant’s signature fruit – actual apples – and some of the highest entry-level pay packets around. Aesthetics are important at this Silicon Valley software start-up, where staff receive US$10,000 to be spent on whatever workspace furnishings they fancy, from stand-up desks and ergonomic chairs to indoor plants and mini fridges. Asana also dishes out twice-daily organic home-cooked meals, onsite yoga classes, Uber perks and life-coaching services.
Last year Facebook nobly pledged to swallow its 5 per cent fee on donations, and now 100 per cent of the money given via its ‘donate’ buttons goes straight to the cause. Employees benefit from onsite healthcare, free food, professional-development classes and US$4000 in ‘baby cash’ on top of four months maternity and paternity leave, while interns can reportedly earn in excess of US$7000 per month. Twitter has sunk some serious dollars into a 1500-square-metre rooftop deck at their San Francisco HQ, as well as two log cabins which are used for meetings and events, where you’ll find wine, beer and kombucha on tap. The company has also invested in a family-friendly learning centre called NeighborNest, which offers free childcare and programming training.
New parents are looked after at Netflix, which offers an entire year of paid maternity and paternity leave. Meanwhile, all staff are treated to lunch on the company and unlimited vacation days. It seems that CEO and co-founder Reed Hastings has deep pockets, as he personally fronted the cash for a US$100 million philanthropic fund supporting education groups and initiatives.