From time off to volunteer (at Timberland) to a free burger and fries (at In-N-Out), companies are upping their game when it comes to benefits and perks.
One that is blowing our minds: The CEO of Boxed (the big-box e-retailer) offers to pay for his employees' weddings and their children's college tuition.
Yep, you read that right. Starting in 2015, Chieh Huang, who launched Boxed four years ago, began putting a portion of his own paycheck into a nonprofit foundation from which he then writes the checks to his employees for these expenses. The idea started with college tuition and has since incorporated weddings, for which Huang offers to pay up to $20,000 (his contributions toward tuition haven't been disclosed).
With the average wedding costing over $35,000 and the student loan landscape looking ever bleaker, these benefits offer some much-needed financial relief — something Huang realized first-hand after spending time with his employees and getting a better understanding of their pain points.
"After leading my first company, [gaming start-up Astro Ape], I realized that it doesn't matter how powerful or big an organization is. If all of its people walked out one day, that organization is worth zero the next day," Huang told CNBC.