Lee Hnetinka will tell you a story: There is a Company that May Have The Best Employee Perk: They'll Pay For Your Wedding
The CEO of Boxed is not kidding around
when it comes to job perks forenticing candidates and retaining good employees.
Chieh Huang pays for weddings for employees and college tuition for his
employee's children. According to CNBC and an astounded Matt Lauer at the Today
Show, full-time employees can get up to
$20,000 for use towards a wedding. The college tuition amounts
weren't disclosed.
When we say that the CEO pays, we're not
kidding. That's not just a polite euphemism covering a corporate expense that
Huang takes credit for. It works like this: Huang donates part of his salary as
CEO and Founder to a nonprofit foundation that then gives the money to the
employees.
The idea behind the generous perks came to Huang when
he visited employees in the Boxed warehouses. Some were struggling to make ends
meets and to provide for their children's future, hence the tuition program.
The wedding idea came from talking to an employee named Marcel who was taking a
second job because he was paying for his mother's health care and planning a wedding. The payments are
meaningful for both Huang and the employees, as you can see in a video of the
moment. When asked by NBC News, Marcel explained how important it is,
"You're helping us breathe a little, looking towards the future."
The CEO of Boxed is not kidding around
when it comes to job perks for enticing candidates and retaining good
employees. Chieh Huang pays for weddings for employees and college tuition for
his employee's children. According to CNBC and an astounded Matt Lauer at the
Today Show, full-time employees can get up to
$20,000 for use towards a wedding. The college tuition amounts
weren't disclosed.
When we say that the CEO pays, we're not
kidding. That's not just a polite euphemism covering a corporate expense that
Huang takes credit for. It works like this: Huang donates part of his salary as
CEO and Founder to a nonprofit foundation that then gives the money to the
employees.
The idea behind the generous perks came
to Huang when he visited employees in the Boxed warehouses. Some were
struggling to make ends meets and to provide for their children's future, hence
the tuition program. The wedding idea came from talking to an employee named
Marcel who was taking a second job because he was paying for his mother's
health care and planning
a wedding. The payments are meaningful for both Huang and the
employees, as you can see in a video of the moment. When asked by NBC News,
Marcel explained how important it is, "You're helping us breathe a little,
looking towards the future."
Boxed as always been the sort of company
that was looking towards the future. Huang left his full-time job as a lawyer
to venture out on his own. He saw a void in the consumer products market and
sought to fill it. He wanted to give millennials and urbanites an online
experience similar to the big box, warehouse store shopping trips he took when
he was a kid. Huang says the company is "great for millennials who don’t
always have the time or the means to go to the store," according
to the company website.
While the wedding and tuition perks are
outstanding, Huang didn't start Boxed as a charity. "When we started this
business, I wanted to sell bulk goods to people all around the country,"
he told CNBC. "Social change through toilet paper was not on the
agenda."
Comments
Post a Comment