10 Companies With The Best Benefits Packages

Gone are the days when health insurance, retirement policies and paid vacation time were regarded as great employee benefits; today the 10 companies with the best benefits packages offer a host of other benefits which go far beyond these basic perks. In the highly competitive employment environment of today, retaining talent is a key strategic advantage for companies and they are going all out to do so. Companies now follow the mantra that a happy worker equals a more productive worker, which has led to employee benefits having evolved from vanilla compensation packages to encompass total wellness, work-life balance, onsite facilities, and much more.

Companies have gone to great lengths to deliver extra amenities to retain the best talent in their industries. For example, IBM offers to ship new mothers’ breast milk home when they are on business trips and Ernst & Young provides egg freezing services for female employees so that they can have a child later. Employees also prefer compassionate employers who can empathize with their problems. According to a survey conducted by hbr.org, the top perks identified by 2000 U.S workers were better health, dental, and vision insurance; flexible hours; vacation time; and the ability to work from home. Interestingly, these preferences are also common among both male and female employees.

For further employee benefits-related reading, you might want to check out our list of the 10 companies that offer the best paid paternity leave benefits.

A company’s performance is driven by its employees and hence the 10 companies with the best benefits packages provide compelling benefits to dissuade employees from leaving. Free medical assistance, free parking, free food, attractive onsite facilities, and flexible work hours are just some of the perks. Some companies also give unique benefits to stand out from the crowd. For example, there is a happy hour at Airbnb’s Ringsend office bar every Thursday.

On the following pages, we’ve revealed the 10 companies with the best benefits packages. We used data from various sources to develop our list, including Investopedia, Glassdoor and cio.com, and zeroed in on large public companies with the best benefits packages. These companies are then ranked based on their market capitalization. Check out the list beginning on the next page.

10. Twitter Inc. (NYSE:TWTR)

Market Value – $10.5 billion

Twitter Inc. (NYSE:TWTR) tops our list of the 10 companies with the best benefits packages. Twitter Inc. (NYSE:TWTR) provides an onsite gym, free food, healthcare, and laundry service, and other employee perks like a 401(k) savings plan, a great vacation policy, and paid maternity and paternity leave. The social networking company also gives restricted stock and cash bonuses to its employees.

9. Salesforce.com Inc. (NYSE:CRM)

Market Value – $59 billion

Salesforce.com Inc. (NYSE:CRM) has generous vacation and maternity leave policies. It also gives six days of paid volunteer time off a year and $1,000 to donate to an employee’s favorite charity. Salesforce.com Inc. (NYSE:CRM)’s Employee Assistance Program entitles employees to free legal, parental, and financial counselling. The cloud computing company also has an extensive parental benefits program in place which includes adoption assistance, parental perks, childcare benefits, college coaching, and saving for the future.

8. Netflix Inc. (NASDAQ:NFLX)

Market Value – $62.5 billion

Netflix Inc. (NASDAQ:NFLX) offers an excellent benefits package and perks to its employees. The company is renowned for providing up to a full year of paid maternity and paternity leave for new parents. Other than this, the streaming giant also offers free lunches, unlimited vacation days, health, vision and dental insurance, an employee stock purchase plan, and open working hours at its California site. Needless to say, Netflix Inc. (NASDAQ:NFLX)’s compensation, benefits, and work environment are highly regarded by its employees.

7. Adobe Systems Incorporated (NASDAQ:ADBE)

Market Value – $64 billion

Adobe Systems Incorporated (NASDAQ:ADBE) provides health & wellness, financial, and other benefits and perks to its employees, and ranks seventh on our list of the 10 companies with the best benefits packages. Adobe Systems Incorporated (NASDAQ:ADBE) has a matching 401(k) contribution program, employee stock purchase plan, insurance, and paid vacation time and sick leave, among other things. The computer software company also gives one week off in December and one week during the summer.

6. American Express Company (NYSE:AXP)

Market Value – $69 billion

American Express Company (NYSE:AXP) is a preferred choice for working parents, since it offers them a host of benefits. Some of these include health, dental, vision and life insurance; a retirement savings plan, flexible hours, and paid family leave. The financial services company now grants 20 weeks of fully-paid maternal/paternal or adoption/surrogacy leave. In addition, American Express Company (NYSE:AXP) has also hiked its benefits for adoption and surrogacy events as well as for infertility treatment to $35,000 for its U.S-based employees.

5. Accenture Plc (NYSE:ACN)

Market Value – $75 billion

Accenture Plc (NYSE:ACN) offers a comprehensive rewards package to its employees, comprised of benefits that recognize an employee’s contribution to the organization. The company focuses on providing good work/life balance through generous maternity, parental and adoption leave policies and retirement plans. In addition, Accenture Plc (NYSE:ACN) also has various health and insurance programs in place for its employees. Accenture also provides gender reassignment for its LGBT employees, being among the first employers to take a step in this direction.

4. Starbucks Corporation (NASDAQ:SBUX)

Market Value – $84 billion

The coffee company has a ‘Your Special Blend’ program in place that offers extensive employee benefits like financial bonuses, 401 (k) matching plans, and health/medical/dental plans for both its full-time and part-time employees. Starbucks Corporation (NASDAQ:SBUX) also pays college fees for its employees and offers career sabbaticals and other time-off programs. In addition, Starbucks Corporation (NASDAQ:SBUX) employees get a 30% discount on all Starbucks food and drink. Starbucks also follows a ‘Restricted Stock Units’ program that grants employees ownership of the company’s shares.

3. Facebook Inc. (NASDAQ:FB)

Market Value – $405 billion

Facebook Inc. (NASDAQ:FB) ranks 3rd on our list of companies with the best benefits packages. It is one of the richest and fastest-growing technology companies in the world today, which has put it in a good position to grant costly benefits to keep its employees happy. Other than generous pay and perks, career opportunities, and good work/life balance, Facebook Inc. (NASDAQ:FB) focuses greatly on human values. It grants paid leave to its employees to grieve the loss of a family member, and also provides paid family sick time. Facebook gives $4,000 to employees with a newborn baby, as well as four months of paid leave for new parents.

2. Amazon.com Inc. (NASDAQ:AMZN)

Market Value – $436 billion

Amazon.com Inc. (NASDAQ:AMZN) provides an amazing range of benefits to its employees, extending from health and finance to stock options and paid time off. The company contributes equally to 401(k) employee plans and also has an ‘Employee Assistance Program’ for work-related or private issues. Amazon.com Inc. (NASDAQ:AMZN) offers a good time-off policy for vacations and new parents, and a leave share program. The company has also introduced a 30-hour work week for some employees in the last year that provides them with full-time benefits. 

1. Alphabet Inc. (NASDAQ:GOOG)

Market Value – $575 billion

Alphabet Inc. (NASDAQ:GOOG), the parent company of Google, tops our list of the 10 companies with the best benefits packages thanks to its unparalleled employee benefits. Alphabet Inc. (NASDAQ:GOOGL) recently claimed the top spot on Fortune’s 100 best companies to work for the eighth time in 11 years for a reason (or rather, for many reasons). Various onsite attractions like basketball courts, bowling alleys, massages, and free food, coupled with a fantastic organizational culture and insanely good perks have enabled the company to grow its headcount to more than 70,000. In addition to free rides to work and great healthcare plans, the company also gives a baby bonus and lets employees bring their pets to work. The company also provides 50% of a spouse’s salary to the surviving partner for the next ten years in the case of a death. Alphabet also matches 100% of employee 401(k) contributions up to $3,000.

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