Google offers 'death benefits' to employees

The company will continue to pay a surviving partner for 10 years, a perk unheard of in the workplace.

By Kim Peterson Aug 10, 2012 3:06PM
The Google logo is seen on a podium and projected on a screen at Google headquarters in Mountain View, Califorina Paul Sakuma/AP If a Google (GOOG) employee dies, the company will take care of that person's family for a long time.

A new "death benefit" is one of the latest perks at a company famous for caring for its employees. It gives the surviving spouse or domestic partner 50% of that person's salary for the next decade, Forbes reports. The surviving partner will also get all stocks vested immediately.

And if that wasn't enough, get this: Any children will get $1,000 a month from the company until they turn 19 (or until age 23 if they are full-time students).

"Obviously there's no benefit to Google," the company's HR chief, Laszlo Bock, told Forbes. "But it's important to the company to help our families through this horrific if inevitable life event." The benefit also applies to same-sex partners, Google confirmed to Business Insider.

There's no tenure requirement for this benefit, either, meaning that just about all of the company's U.S. employees qualify, no matter how long they've worked for the company.

Google is well known for perks that range from free gourmet food to laundry service to well-padded maternity leave that can last 18 weeks for new moms. The company even offers a concierge who will help busy employees with personal tasks.

One goal of most of its perks is too keep employees happy, healthy -- and more productive. In fact, Google has raised the bar for working conditions for tech companies throughout Silicon Valley.

The company can certainly afford the benefits -- it's sitting on $43 billion in cash -- but the scope of Google's generosity is truly amazing.

More from Top Stocks

Tags: GOOG
Aug 10, 2012 3:49PM

Report all datingsites and investors under HARASSMENT,

That is exactly what they are doing.

Aug 10, 2012 4:16PM

Sounds like the auto industry all over again. If it sounds too good to be true there is probably a flaw in the plan. The flaw is that good times do not last for ever, but commitments do.

I like the idea, and I hope they can do this for ever and every other company in the tech business can someday attain this level of benevolence, but I would guess that there will be some very unhappy people if the company is unable to follow through on their good intensions in the future.


Aug 10, 2012 4:04PM
Where can I fill out an application I would like to work for Google
Aug 10, 2012 8:17PM
That's pretty neat.....And cool for Google.
Aug 13, 2012 11:21AM
Those dating site folks need to tailor their message.  In light of this announcement, they should say they are looking for GOOGLE employees to marry!
Aug 10, 2012 5:28PM

This has legal issues written all over it.


So, they say it will apply to a same-sex partner.  Well, if same-sex couples are not allowed to be married, then where does the line draw with unmarried opposite sex couples?  Do they need to be living together?  Is there a certain number of years that they must have been together? 


While this is a great, great employee benefit; it is going to be like pulling a thread on an old sweater.

Aug 11, 2012 9:25PM
Let's see how that pans out in 5 or 10 years when Google's fad and glam is gone.
Aug 10, 2012 4:07PM
I believe Ellen had nothing to do with their demise. The marketing plan in general was stupid!!! I used to enjoy looking at the weekly ads in the paper, and whether true on not, you felt like you were getting a deal with the coupons. The monthly glossy ads were not appealing to make you want to run right out to Penney's and buy something. They screwed up big time with their marketing plan!!!
Aug 10, 2012 4:20PM
The problem is they lowered the quality of their merchandise. The clothing is horribly made from cheap fabric. I don't shop there any more because of that reason, not because they did away with their gimmick marketing.
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.


StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

123 rated 1
262 rated 2
480 rated 3
651 rated 4
649 rated 5
629 rated 6
616 rated 7
496 rated 8
346 rated 9
111 rated 10

Top Picks

TAT&T Inc9



Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.