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Another good reason to work at Google - Pay when you Die!
It’s never pleasant contemplating what happens if you die - but Google have clearly thought it through with this employee benefit which really ought to help them maintain high levels of staff retention!
Business Insider reports that Google have made a significant change to one part of their employee remuneration package - the benefits that arise to the dependants of employees who die in service.
“From now, if a Google employee dies, that employee’s spouse receives half the employee’s salary for 10 years. On top of the half-salary, the spouse will also receive stock benefits and children will receive $1,000 per month until they turn 19.”
And the generous benefit extends to everyone in the business, not just senior management or those who have worked for Google for a long period;
“...every one of Google’s 34,000 employees is immediately eligible regardless of how long they’ve worked there.”
By any measure, this is a significant and generous deal for Google employees. Just how many of Google’s relatively young workforce will eventually receive the benefit is uncertain, of course. But for students, this is a great example of how financial remuneration can be used creatively for support business objectives.
Google’s key competitive strength is the talent of its employees - particularly the software engineers who drive the product innovation which has made Google so successful. Imagine how the new benefit is likely to help Google retain those key staff and therefore lower staff turnover. And also how it might help Google attract and recruit further talent away from the competition.
Strategy & Technological Change: Will Google Glass be as Big as the Smartphone? [16 May 2013]
Is there a Business Opportunity from Your Digital Afterlife? [13 Apr 2013]
Internet firm opens up ‘google’ style office [11 Apr 2013]
Innovation: Google Glass - the Computer Your Wear [23 Mar 2013]
Changes in culture and leadership at Yahoo spells trouble for teleworkers [1 Mar 2013]
Design Becomes Part of the Culture at Google [13 Feb 2013]
Kinaesthetic Motivation - On Sale Now! [27 Jan 2013]
Corporate tax avoidance - legal, but unethical? [17 Jan 2013]
Hard HRM v Soft HRM - Mark’s Tough Approach is Bad News for Joe [16 Dec 2012]
Innovation: Big Spending on R&D Doesn’t Necessarily Mean Strong Innovation [11 Nov 2012]
Sit Down Herzberg!!!! [25 Oct 2012]
Maslows Sunday Roast [10 Oct 2012]
How the Tech companies make their money [9 Oct 2012]
Technological Change: A Crucial Period in the Smartphone Market [2 Sep 2012]
Motivation at Work - What Makes Employees Go the “Extra Mile”? [24 Aug 2012]
Takeovers and Mergers - Google Takes the Knife to Motorola Mobility [13 Aug 2012]
Takeovers and Mergers - How to Destroy 99% of a Takeover’s Value [3 Jul 2012]
Motivation, Culture and Productivity - the Google Way [29 May 2012]
Creating a motivational workplace [28 May 2012]
Revision Presentation - Training [17 May 2012]
Revision Presentation - Measuring Workforce Effectiveness [17 May 2012]
Enterprise, Location and Culture - Inside the new Google Campus in London [14 Apr 2012]
The Downsides of Downsizing - Does Retrenchment Work? [4 Apr 2012]
Google and YouTube - a backward step? [2 Apr 2012]
Google’s takeover of Motorola Mobility is given regulatory seal of approval [22 Feb 2012]
Video resource: Do bonuses work as an incentive for better performance? [10 Feb 2012]
Happiness in the workplace still proving elusive [6 Feb 2012]
Leadership - Tough decisions to turn Starbucks around [29 Jan 2012]
In Business - technology developments in 2012 [3 Jan 2012]
Unemployment and motivation [28 Dec 2011]
Investment in People - Google and Human Capital [27 Dec 2011]
Ho! Ho! Ho? No No No! Motivation and the Xmas Party [4 Dec 2011]
Meet the CEO of Dropbox - the man who said no to Steve Jobs! [20 Oct 2011]
The Simpsons and Financial Motivation [11 Oct 2011]
De-layering: do firms need middle managers? [5 Oct 2011]
Motivation in a time of austerity - financial benefits become more important [27 Jul 2011]
CSR - Can better social responsibility boost the UK economy by £17bn? [12 May 2011]
Partners in profit - the JLP way [10 Mar 2011]
8 minutes of Daniel Pink on What Motivates Workers [7 Mar 2011]
Q&A - What is absenteeism and what can businesses do about it? [28 Dec 2010]
Q&A - Why might high labour turnover be bad news for a business and what can it do about it? [28 Dec 2010]
Q&A - Explain what labour turnover is and why it happens [28 Dec 2010]
Starbucks - Two Examples of Financial and Non-Financial Methods of Motivation [19 Dec 2010]
Bruce Poon Tip exploits a huge Gap in the adventure market [12 Dec 2010]
Sectors of the Economy - Online is Worth £100bn [30 Oct 2010]
Microsoft - Competitive Strategy in the Post-PC world [30 Oct 2010]
Bonus system to encourage safety improvements at BP [20 Oct 2010]
A great example of off-the-job-training - Starbucks Coffee College [16 Oct 2010]
Google, Profits and Diversification [16 Oct 2010]
Maltesers and Motivation [8 Oct 2010]
Leadership skills of the new CEO drive profits at Pret [8 Oct 2010]
The business cost of labour turnover [7 Oct 2010]
Fighting for a share of the fast-growth tablet market [11 Sep 2010]
The links between Physics and Marketing [29 Aug 2010]
Does Nokia’s Strategy Need An Upgraded CEO? [30 Jul 2010]
Can performance-related pay motivate the SCD celebs? [18 Jul 2010]
Is this the worst job in the world? [15 Jul 2010]
Are fringe benefits being cut? [5 Jun 2010]
Linking corporate objectives to management performance - the Vodafone way [4 Jun 2010]
Managing People - Will Staff Turnover Increase as the UK Emerges from the Recession [2 Jun 2010]
Flexible Working More Popular than Bonuses as a Source of Staff Motivation [2 Jun 2010]
The Dark Side of the iPad and iPhone? [26 May 2010]
Some facinating data on research & development data at Apple, Google & Microsoft [25 May 2010]
Global technology giants are hoarding their cash [26 Mar 2010]
Motivation, Leadership & Culture: Ban the Boss (BBC) [24 Mar 2010]
Motivation and management at John Lewis [12 Mar 2010]
HRM priorities as firms exit the recession [27 Feb 2010]
Strategy in the UK Recession - What 69 UK CEOs Did About It [22 Feb 2010]
Money as a motivator in social work? [20 Feb 2010]
Measuring labour productivity - Google revenue per employee [29 Jan 2010]
Revision presentation - motivation in theory [17 Jan 2010]
Revision presentation - motivation in practice [17 Jan 2010]
Google in China: Business ethics, business sense or both? [15 Jan 2010]
Google rival for the iPhone? [11 Jan 2010]
The Jonathan Ross Business Lesson [8 Jan 2010]
Crazy Tax Ideas Part 1 - Taxing Internet Searches [8 Jan 2010]
Teaching Motivation - Classic Video(s) [17 Dec 2009]
Starter Video Clip for Motivation [17 Nov 2009]
The UK: A nation of accidental managers [10 Nov 2009]
Q&A - What is Leadership? [30 Oct 2009]
Leadership styles in action - Dead Poets Society [28 Oct 2009]
The new competitive threat to iTunes & Spotify - Google Music? [21 Oct 2009]
The Jenson Button Business Lesson [21 Oct 2009]
Motivation in action - the stairs theory [12 Oct 2009]
Forget motivation theory - lets try to demotivate people [5 Oct 2009]
The Challenge of Employee Retention: What type of Corporate Prisoner are you? [2 Oct 2009]
Warning: A poor induction programme can seriously damage your health! [23 Sep 2009]
Corporate culture: how a huge firm like Google tries to foster innovation [23 Sep 2009]
Video case study - Google and the smartphone market [20 Sep 2009]
This is potentially a great new resource for Economics & Business [7 Sep 2009]
Motivation in practice - how not to do it - lessons from Britain’s bosses [1 Sep 2009]
Microsoft and Google compete head-to-head [9 Jul 2009]
Work For Free? Or Pie In The Sky? [16 Jun 2009]
Q&A - Explain “delayering” [1 Jun 2009]
Bing - the battle for search engine market share is on [28 May 2009]
Motivating employees - the end of the mobile phone sales shark? [17 May 2009]
Motivation in Action - Is this the Worlds Best Job? [7 May 2009]
Q&A - Explain “time-rate” pay [1 May 2009]
Q&A - What is job enlargement? [1 May 2009]
Q&A - Explain Taylor’s theories of motivation at work [1 May 2009]
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