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Google has long been known for its very generous employee benefits. The company has from the start gone out of its way to keep its workforce happy and healthy, with the idea being that that happiness and healthiness contributes to productivity and consequently the bottom line. But it has now taken the idea a step further, in fact as far as you can take it.
In an interview with Forbes, Google Chief People Officer (Head of HR) Laszlo Bock revealed that Google now sees its employees OK even in death. If a U.S.-based Google employee dies while working for the company, his or her spouse of partner continues receiving a pay check – for 50% of their annual salary – for a further 10 years.
Furthermore, all stock held by the employee at the time of death is immediately vested, and any surviving children receive $1,000 every month until they reach 19 (23 if a full-time student). All of this comes without any special requirements, so the majority of Google’s workforce qualify as soon as join the company.
The writer of the piece suggests that this doesn’t offer any benefit to the company, but that isn’t strictly true. The biggest and brightest employees are hard to find and even harder to retain, especially in the cut-throat world of tech giants where companies will do everything they can to lure even the most-loyal worker away to pastures new.
In this context the motive for the after-death benefit becomes clear: it’s another way of Google tempting its workforce to stay put for the longterm. Interestingly the older employees are more likely to be swayed by such an offering, so we could see the mean age of Google’s workforce increasing. Either way it’s one hell of a good deal: giving Google another weapon to retain the best and brightest, Google’s employees enviable peace of mind.
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