Basecamp Publicizes Employee Benefits to Recruit Talent
With the unemployment rate hovering around 5%, organizations are recruiting talent by offering increasingly impressive employee benefits. In a recent blogpost, Basecamp CEO Jason Fried offered compelling reasons for working with his team, including:
- Top 5% industry pay
- Allowances of up to $1000 for each of the following categories: fitness, a healthy organic diet, massages, continuing education, coworking space memberships, and charity
- An expense account to use for anything work-related, without any pre-approval
- Flexibility to work anywhere
- A standing desk, whether they work at HQ or remotely
A big believer in work-life balance, Fried also encourages his employees to work no longer than 40 hours a week. In the summer, workweeks are cut down to Monday-Thursdays at 32 hours a week. Their three-week vacations and holidays are paid, and every three years, employees can take a one-month sabbatical.
Takeaway: While these benefits may seem lavish compared to the average American compensation package, they highlight the importance of giving your team autonomy and respect. Not only do these benefits motivate current employees, they also serve as a recruiting tool for top talent.