Corporate Training Management
INDIAN INC. MUST LEARN DEATH BENEFITS PAY TO DEAD EMPLOYEES.
August 10, 2012
0
, , , , , , , , , , ,

Google death benefits pay dead employees’ families for 10 years

 

NEW YORK (CNNMoney) — Google treats its dead employees better than some companies do their living workers.

Google’s unusual “death benefits” include paying the deceased’s spouse or domestic partner 50% of their salary for 10 years, the company’s “chief people officer” Laszlo Bock revealed in an interview this week with Forbes.

What’s more, all of the dead Googler’s stocks vest immediately. Each child of the employee receives $1,000 per month until age 19, or age 23 for full-time students.

These perks aren’t just for longtime employees. There’s no tenure requirement, Google (GOOG, Fortune 500) told Forbes — all of the company’s U.S. employees qualify. Bock said the oldest Googler is currently 83.

A Google representative declined to comment in more detail about the policy. Forbes writer Meghan Casserly noted dryly in her article that “providing death benefits is a no-win for the company.”

But that isn’t the point, Bock told her: “Obviously there’s no benefit to Google. But it’s important to the company to help our families through this horrific if inevitable life event.”

The death benefits revelation adds to the already legendary list of Google perks: free food, foosball tables, on-site dry-cleaning service, generous parental leave and more.

The company’s perks site hawks a “Corporate Concierge team [that] can assist with everyday tasks such as planning a dinner party as well as more unusual requests, like finding a jewel-encrusted scepter to accompany a Googler’s special Halloween outfit.”

But Bock told Forbes he doesn’t like the word “perks.” Instead, he says, what helps employees ultimately helps the company.

As he put it: “There is, of course, research that show employee benefit programs like ours can improve retention, and appear to improve performance on some level.”

About author

Dr Shailesh Thaker

Dr. Shailesh Thaker is a world-renowned management thinker and trainer on organizational behavior and development. He is the CLO of Knowledge Plus Inc., a highly reputed training firm based in Ahmedabad, India, helping organizations to achieve international benchmarks in management practices.

Related items

/ You may check this items as well

what is common between PayPal, Apple, Google and whatsup all have common.

Read more
190523_IncMagazine_JeffRaider-57_396557

6 Years Later, He Sold Harry’s for $1.3 Billion

After co-founding the wildly successful direct-to-...

Read more
1 (5)

being in business: creating a difference in life.

Starting and running a business is fraught with ch...

Read more

There are 0 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.