An immense boom in remote work opportunities coupled with the Silicon Valley-Esque casual work culture has been the main foray of attracting new-age millennials in the last decade or so. Google might have been the forerunner of the trend but more and more companies and start-ups are now offering workspace freedoms to retain the best brains.
A comparative study of the best tech companies from around the world with specific employee benefits has been done by us. The singular parameter of differentiation was the specific benefits their employees have been going gaga over.
Education – The company provides Learning Fund that covers skill development opportunities, professional, courses, training workshops, etc.
Insurance – Health, dental, vision, and comprehensive life insurance – everything is on offer here as the group health insurance by Adobe is one of the best. A Health Saving Account with paid parental leave for 26 weeks does make for a lucrative offer to stay back on the company.
Health Benefits – No paying out of the packet for Airbnb employees as the company goes all guns blazing into providing their employees a comprehensive health package that also covers dental, vision, and everything else. Employees incur no out-of-pocket expense while dependants incur just up to 25% of expenses.
Parental Leave – Apart from the wide range of discounts at health clubs that employees are eligible for, paid parental leave is also provided. Several child support benefits are there in place – adoption and surrogacy financial support, backup child care, and much more.
Device on discount – Won’t it be a shame if you don’t have the latest Airpods to flaunt when you are working for the tech giant? The luxuries of yesterday have become a necessity today and giving its employees a 25% discount on iPhones and Macbooks is just the right way for Apple to retain its pool of talent.
Paid Parental Leave – 18 weeks for mothers and 6 weeks for fathers aside, Apple also offers a 4 week transition period that allows workers to work part-time on full pay. Freezing eggs to start a family, later on, is also provided for by the company.
Free Food – The forerunner of a “cool company to work at”, Google has made very interesting strides since then – but the most popular benefit undoubtedly continues to be the free food on offer for all employees of the organization. Thank God It’s Friday rang true at the Google Headquarters with free beer and wine on offer each Friday.
Child Care – Apart from the group insurance online, and flexible spending & health savings accounts, Google also offers extensive child care across several countries. The in-home child care includes 10 subsidized days of in-center child care. Alternatively, one can opt for in-home backup child care for a Copay. Beyond 10 days, the facility becomes out-of-pocket.
401 k - Quite a common perk with all tech companies, HubSpot goes a mile further while envisioning the 401 k benefits for their employees and manages to pull up ahead of other tech houses. They manage to match their employees' contributions by 12% and thus make a sizable investment into the future of their employees.
Vacation – This is a clincher when it comes to vacations. HubSpot has managed to do away with the guilt associated with asking for time off for self-care or a vacation to unwind. With no permission needed – HubSpot encourages the employees to take time off using solely their “good judgment” at any given time. No waiting period for you to enjoy the bounty of unlimited vacation when you join the company.
Career Advisory – The leading technology company takes the upskilling of its employees with the most sincerity. The value of improving knowledge is not lost on them as offer advisor mentors to their employees in addition to the innumerable networking events, workshops, and certifications they have in place. The internal development opportunity that this company is endless. Eligible employees also get a Tuition Assistance Program benefit wherein financial assistance gets extended to employees completing coursework related to their present job.
Health Club Membership – Across all its centers in the USA and even in cities outside of it, Intel provides its employees with on-site fitness centers that cater to all their fitness needs such as dietary assistance, weight loss programs, fitness classes, etc. along with the Employee Discount program to enable health club discounts.
On-Site Theater – It wouldn’t be much fun if the world’s largest streaming platform was not offering a taste of its content. A 200-seat movie theatre in the Los Gatos office offers a glimpse into the chosen television shows and movies to all its employees.
Maternal and Paternal Leave – Netflix has managed to do better than the national policy by providing for its employees one of the most robust paid parental leave plans in the world. Maternity leave amounts to a full year – and what’s great is that the same stays true for paternity leave.
Free Lunch – Paving the way for other tech companies to try and match up to, Spotify- the largest music streaming site in the world - has been able to offer free lunch daily to its employees along with assorted snacks to them happy all fay through.
Music Culture – The ethos of the company rings true with the culture it has been able to create for its employees on a foundation of music. Employee jam sessions are a regular fixture while large-scale concerts are in store for the employees to partake in. At every point, Spotify tries to inculcate a legacy of connecting with the music and even names conference rooms after famous music arenas.
The perks might seem the same for several companies – what helps them stand out is how the company has been able to understand the specific needs of the employees and customize the benefits around them while never losing sight of the vision the company is working towards.