You may be dead, but….

Dan Miller —  November 14, 2012 — 5 Comments

In this age of disappearing benefits, companies are scrambling to find creative ways to keep great employees.

This is how the discussion goes in most companies today:

Applicant:  “Does this company have any death benefits?

Interviewer:  “Yes, it does.  When you die you don’t have to come to work anymore.”

However, a new policy just put in place at Google defies the norm.  Under the new Google death benefitsguidelines, a surviving spouse of a deceased Google employee will receive 50% of that employee’s salary every year for 10 years.  In addition, the employee’s children will receive $1,000 a month until they turn 19 (or until 23 if they are full-time students).  There’s no tenure or waiting requirement – all of the company’s 34,000 employees qualify.

The death benefits add to the legendary list of Google perks that already include free food, Foosball tables, on-site-dry-cleaning service, generous parental leave and more.

The way we hear about unemployment in the news today would lead us to think that companies can just be sloppy about what they provide because so many people are looking for jobs.  No, companies are still desperate for people who bring clear value to the table – and they are looking for ways to stand out from the crowd with benefits to attract and keep those top players.

What would you like to see as a benefit from your company?

  • Dennis Lutz

    Talk about over delivering! What an example!

  • Matt

    I would question whether or not they are dropping other life insurance benefits in place or in favor of this, which ultimately would save them money as the number of employees families who would actually need this benefit is lower than the number who might elect a subsidized life insurance plan which is an ongoing expense. Brilliant on many levels, actually because most employer sponsored life insurance plans aren’t portable.
    We are working on a student loan repayment benefit right now, for student loan debt you bring in to the company…haven’t resolved how to make that happen yet.

    • 48DaysDan

      Matt – I don’t know the behind the scenes details at Google. I’m sure it makes financial sense for them. Wow – if you get a student loan benefit that could be huge. So many kids are carrying that load. And glimmer of hope for making that go away would be a major draw.

  • http://emuelle1.typepad.com/ Eric S. Mueller

    I’d like to see more telework options. Not having to spend 2+ hours a day JUST getting back and forth to work for a job that can be done virtually anywhere is a huge quality of life increase. But there are still too many baby boomers in the workforce who can’t quite get over the idea that work can only be done with a butt in a chair in a single location.

    • 48DaysDan

      Eric – yeah, personally I don’t want any other butts around here but mine. And I still expect a great deal of quality work to be submitted from others on our team.