Google Keeps Paying Deceased Employees' Families for a Decade
Source: The Atlantic
... In an interview with Forbes's Meghan Casserly, Laszlo Bock -- Google's, Chief People Officer (in non-Google terms: head of HR) -- shares a Google benefit that is all too literally out of this world. "This might sound ridiculous," Bock tells Casserly. "But we've announced death benefits at Google."
Yes. It's like this: Should someone pass away while employed by Google, that person's surviving spouse or domestic partner will receive a check for 50 percent of the deceased's salary. And that spouse or domestic partner will receive that check every year. For the next decade.
... And the salary payouts aren't the only death benefit Google has been providing to its employees' families. In addition to the 10-year pay package, Casserly reports, surviving partners will get all stocks vested immediately. And any children of the decease, furthermore, will receive $1,000 a month from Google until age 19. Which gets amended to age 23 if those children are full-time students.
... "But it turns out that the reason we're doing these things for employees is not because it's important to the business, but simply because it's the right thing to do. When it comes down to it, it's better to work for a company who cares about you than a company who doesn't. And from a company standpoint, that makes it better to care than not to care."
Read more: http://www.theatlantic.com/technology/archive/2012/08/google-keeps-paying-deceased-employees-families-for-a-decade/260897/
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