Google: A Company worth dying for
13. Aug, 2012 
1 Comment
This recent announcement of new perks to its employees would leave quite a few top notch companies thinking of ways to match this generosity. This is what is new at Google Inc; If an employee dies while in service –
- Google will pay the surviving family 50% of the salary, once a year, for the next ten years.
- In addition to the ten-year salary benefit, if the employee held any Google stock, the bereaved family will be able to sell or transfer the stock as they please.
- If the employee has any children, they will each receive $1,000 every month till they reach 19 years (or 23 if he/she is a full-time student pursuing higher studies)
This benefit would presently be extended by Google only to the employees at the US but eventually the same would be extended to all the 34,000 employees working in Google across the globe. This scheme is to apply to employees irrespective of the number of years of service that he/she has put in or the designation one is in.
Although similar benevolent schemes are prevalent in Indian Government Service and the Defense, this would definitely set those HR heads working. While many companies have taken up group insurance schemes, this one is funded by Google itself. The best companies in the world have reasons to be the most sought after and are also the ones which retains its employees the most.
I think one thing that makes Google unique even in HR Practices is looks like they are always thinking about how can they improve the ’status quo’and never satisfied with what they have on hand.