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Netflix: Will Baby Benefit Attract Talent?

Netflix recently announced a new policy offering employees unlimited maternity and paternity leave for the first year after a child’s birth or adoption.

So does this mean tech employees will start migrating over to Netflix with its new baby benefit? Only time will tell, but here’s what Netflix employees are saying on Glassdoor about the company’s benefits:

  • Right now, Netflix has an overall benefits reviews rating of 4.0, and an overall company rating of 3.6
  • Here’s how a few other tech giants compare, known for leading the way when it comes to innovative benefits and perks:
  • Google:
    • Benefits rating: 4.6
    • Company rating: 4.4
  • Facebook:
    • Benefits rating: 4.7
    • Company rating: 4.5
  • Apple:
    • Benefits rating: 4.5
    • Company rating: 4.0

**Data as of 8/5/15; Benefits ratings based on at least 20 reviews per company. Company ratings based on at least 450 reviews per company. Ratings based on a 5-point scale: 1.0=very dissatisfied; 5.0=very satisfied.

Until now, here’s what some Netflix employees have had to say about their company’s paternity and maternity leave:

“Standard Maternity/Paternity leave where you take off the time you feel appropriate.” – Netflix Senior Engineering Manager (Los Gatos, CA)

“Standard leave, but the ’unlimited vocation’ policy works against you here. Can’t add accumulated PTO days to 12 weeks of maternity leave.” – Netflix Employee (location n/a)

How Much Do Perks Matter to Job Seekers?

Just because benefits and perks are added at any company, it doesn’t guarantee their HR/recruiting department will see a surge in resumes. While it surely doesn’t hurt and is often intended to make employees’ lives easier in and out of work, according to a Glassdoor survey*, benefits and perks are not a leading reason for someone to join a company. While they do matter to job seekers, there are other factors that job seekers report matter even more. In fact, benefits & perks are not even among the top five factors job seekers say matter most when deciding where to work:

Top Factors Job Seekers Consider When Determining Where to Work:

  • 84% salary and compensation package
  • 60% career growth opportunities
  • 58% work-life balance
  • 56% location/commute
  • 50% company culture & values
  • 43% benefits & perks
  • 38% company reputation
  • 20% relationships with managers
  • 13% relationships with peers
  • 13% amount of work
  • 12% senior leadership
  • 11% frequency of travel required for the job

Other Perks Employees Are Enjoying

Nonetheless, tech employers are still infamous for offering unique benefits and perks to employees. Here are just some of the latest perks offered at tech companies, according to employee feedback we see in Glassdoor Benefits Reviews:

Airbnb gives employees an annual stipend of $2,000 a year to travel anywhere in the world

Square offers employees access to onsite massage, acupuncture, chiropractic, and personal training

Asana employees have access to executive and life coaching services outside of the company

Facebook provides employees with Facebook Ad Credits to support a cause or charity they care about

Adobe shuts down the entire company for one week in December and one week over the summer

OpenDNS holds an annual company offsite every year, which has previously been held at the Ritz Carlton in Tahoe.

Salesforce provides its employees with one week of PTO dedicated to volunteer projects

Evernote hosts classes through “Evernote Academy”, which offers team-building courses like macaroon baking

Zillow allows employees who are traveling to ship their breast milk

Which perks does your company offer? Share a benefits review and let others know what’s working well and what needs improvement.

*Based on a Glassdoor site survey of at least 1,000 members in September, 2014.