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They also set out how they've paid the value of these benefits to employees instead, and have started a profit sharing plan. Looks like a better deal to me?
by agd 5y ago
They also set out how they've paid the value of these benefits to employees instead, and have started a profit sharing plan. Looks like a better deal to me?
- Afforess 5y agoCash value != Benefit value. That you interpret the cash value as being identical shows you trust management over the employees, who this actually effects...
- yaml-ops-guy 5y agoI don't know what Basecamp's books look like, I don't have the clairvoyance to know what they will look like in the future.. humor a speculative question for a moment: would the "better deal" have been to give employees the option of how they'd like to receive their fringe benefits versus a one-size-fits-all edict, so that those with less tolerance for the volatility of profit sharing can enjoy a bit of stability with such fringe benefits if profits decline? Especially after, as another commenter mentioned: the tax implication of cash payout?
- itsdrewmiller 5y agoPaid out "this year" - pretty weaselly. Are they going to pay out the value next year too or just cut it from the budget?
- markmark 5y agoThe job market is great, if people aren't happy with their comp they can find someone who wants to pay them more.