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Simple perks like free coffee are a canary for the corporate coal mine. When you look at the cost of coffee or soda, providing it free may cost the company in
by Junk_Collector 7y ago
Simple perks like free coffee are a canary for the corporate coal mine.
When you look at the cost of coffee or soda, providing it free may cost the company in the ballpark of $500 a year per employee (though often less) which is minuscule in the total annual cost of an employee. Taken in a vacuum however, the number looks big. We spent how much on Coffee last quarter! When companies get to the mostly investor owned squeezing for growth stage, it's almost always among the first thing that gets cut. This is then usually followed by other more important quality of life cuts like training, equipment, and bonuses. Many companies hit this stage and start increasing margins by letting inflation eat their employee's high salaries over time for instance.
- neekburm 7y agoIt reminds me of this: https://steveblank.com/2009/12/21/the-elves-leave-middle-earth-%E2%80%93-soda%E2%80%99s-are-no-longer-free/ https://steveblank.com/2009/12/21/the-elves-leave-middle-ear...