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Workplace Trends • Gradifi

10 Tech Companies With the Best Employee Benefit Programs in 2018

By Dawn Papandrea | 5-min read

Job candidates often consider a great employee benefits package just as important as salary. That’s because benefits like strong healthcare coverage, retirement and education benefits, and a commitment to wellness and work/life balance are quite valuable (and increasingly difficult to find).

You’re probably aware that many tech companies, such as Google and Facebook, are known for fantastic benefits and offerings to lure in top talent. We’ve put together a list of tech companies with employee benefit programs that go above and beyond your run-of-the-mill benefits package.

It’s worth noting that our list focuses on meaningful benefits that have an impact on an employee’s long-term quality of life, as opposed to companies that emphasize “cool” perks like free snacks, Xbox consoles, and ping pong tables. Of course, some companies offer both—just be sure you focus on perks that are most relevant to your needs.

Here are our picks for the best employee benefit programs at tech companies in 2018:

Netflix

Netflix’s employee culture is legendary, and behind its mystique, its very generous employee benefits program. Besides healthcare, a charitable donation matching program, generous life insurance, and flexible hours, employees get unlimited paid time off and free food. And their “work smarter, not harder” policy is one that many tech companies try to emulate. As their website explains: “We don’t have a prescribed 9-to-5 workday, so we don’t have prescribed time off policies for salaried employees, either. We don’t set a holiday and vacation schedule, so you can observe what’s important to you—including when your mind and body need a break.” 

Stand-out benefit: New parents (yes, dads, too!) get up to one year of paid leave to care for their newborns.

Salesforce

You might know it as a top Customer Relationship Management (CRM) platform, but Salesforce is also an innovator when it comes to first-class employee benefits. Comprehensive Medical, Dental and Vision Plans, a $100 per month wellness reimbursement, and education reimbursement up to $5,250 per year is just the start. Employees also get eight free counseling sessions to help manage stress, anxiety, grief, or loss. Salesforce is so committed to employee wellness, in fact, that it has Mindfulness Zones in its offices where people can go to unplug and recharge.

Stand-out benefit: Employees get seven days of paid volunteer time off during the year, plus up to $5,000 to put toward the charitable non-profit cause of their choice.

Spotify

The streaming music platform offers a hearty “playlist” of benefit options, inspired by its Swedish roots. Among them are flexible public holidays so employees can choose to work on a holiday they don’t celebrate, so they can observe the days that are special to them. According to SHRM research, only 18% of all companies offer the “swap holidays” benefit to full-time employees, making Spotify an industry leader.

Stand-out benefit: To start, Spotify pays for egg freezing and fertility assistance and six months of paid leave after a baby is born or adopted. In addition to this, new parents also get a month of flexible work options so they can ease into their return to work.

Motus

With a company culture that purports to “make WorkLife better,” Motus has built a generous benefits package to live up to its promise. The Boston-based mobile workforce management software company has everything from company-sponsored gym memberships and company days of service, to a 401K match.

Stand-out benefit: Motus offers student loan reimbursement so employees can ease their debt burden and keep more of the money they earn. Helping employees tackle student loan debt is a game-changing benefit in a time when young professionals are trying to save for their future and start families.

Amazon

Amazon’s thousands of employees, from engineers to warehouse workers, receive a selection of “prime” benefits. Among them include a company-paid short- and long-term disability plan and reimbursement for qualified adoption expenses up to $5,000. Amazon employees also receive Restricted Stock Units (RSUs) from Amazon.com Inc. as part of the global compensation model.

Stand-out benefit: Amazon wants to help their employee’s partners, too. Its Leave Share program allows staff to share paid leave with partners if their partner’s companies do not offer paid leave. Amazon will also pay their employees’ partner’s base salary for the duration of the shared leave time. For couples that are concerned about how to manage their paid leave, this is a huge weight off their shoulders.

Adobe

With unlimited paid time off and work-from-home options as just two of the vast employee benefits, it’s no wonder that Adobe made the “Glassdoor Employees’ Choice Best Places to Work” list for 2018. Emphasizing employees’ career development is also important—they offer various training and mentorship programs. This is significant as many in the tech field tend to job hop if they don’t feel challenged.

Stand-out benefit: Adobe is generous with perks that go beyond just healthcare and retirement, offering employees $10,000 per year for educational expenses. It also allows employees to set aside up to $5,000 for child day care or elder care, with Adobe contributing up to $1,200 of it. 

Genentech

This biotech company is known for its long list of workplace benefits, which is why it consistently lands on Fortune’s variety of “best companies to work for” lists. Unlimited paid sick days, compressed work weeks, tuition assistance up to $10,000, and on-site childcare along with great healthcare are just the start. There are tons of convenient perks aimed at making life easier, too, including car wash facilities on-site, haircut services, and spa treatments.

Stand-out benefit: Once with the company full-time for six years, employees can take a six-week sabbatical with full pay and benefits.

Full Contact

This Denver, Colorado-based tech company offers 100% paid medical, dental and vision for employees and their families, but that’s not all. You’ll be hard-pressed to find a company that’s more committed to work-life balance.

Stand-out benefit: Not only are employees required to take a minimum of three weeks off per year, the company provides $7,500 to put towards vacation. The only requirement? Vacationing staffers are not allowed to check into work via email or phone. With employee burnout a big concern at busy tech companies, this is a smart strategy that lets employees know that they aren’t expected to work during personal time off.

Ultimate Software

The cloud-based human capital management solutions firm based in Weston, FL is all about taking care of its employees and their families. For starters, they pay 100% of the premium for healthcare (PPO), prescription, dental, and vision coverage. And, they offer tuition reimbursement for a maximum of $5,250 per year.

Stand-out benefit: Ultimate gives each employee $300 per child per year to put toward participation in a team sport or extracurricular activity. Although it’s a small gesture, it showcases a supportive environment for working parent

Cisco

Comprehensive medical benefits, maternity/paternity support, flexible work schedules, fun perks (including a budget for quarterly team celebrations), and annual bonuses are all part of Cisco’s commitment to keeping their employees “happy and healthy,” as its website puts it.

Stand-out benefit: Staffers can get reimbursement for tuition, lab fees, and books for coursework at an accredited institution. Supporting employees who want to advance their knowledge and add skills is not always a given in our age of shrinking budgets, which is why Cisco stands out for its generosity in this area.          

When looking for competitive opportunities in the technology sector, it can be tempting to judge a company based on salary alone. However, it pays to go beyond the paycheck and see the benefits that make a company stand out. The top tech employers in our view offer benefits that will help employees over the long-term and improve their lifestyles.