Tag Archives: Boxed

Perks Competing Against Perks

When it comes to Silicon Valley companies and perks and benefits offered, people don’t mess around. Nearly every company here these days will offer you your standard medical, vision, and dental benefits, and while that is fantastic for everywhere else around the world, it barely cuts it here. Instead, you have to go beyond that with catered breakfast, lunch, and dinner every day during the work week, onsite massages, Uber/Lyft credits, 4 months+ maternity and paternity leave, gym memberships, etc. The most extravagant perk I’ve heard about in recent months – coverage for women to freeze their eggs. That is a HUGE deal. Now, another company is getting into the mix with a unique set of perks that I’m hearing about for the first time.

The CEO of Boxed, Chieh Huang, is coming forward by announcing that employees will have their weddings paid for up to $20,000 and paying college tuition for his employees’ children. Now, amounts for the tuition weren’t disclosed and I’m still scratching my head at what that amount will be, but it’s still a very generous offering.

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.”

[Source]

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