Google, which seems to surpass the competition in any market it enters, is now leading yet another category – Fortune‘s “100 Best Companies To Work For.” Andrew Serwer, editor at large for the magazine, spoke to Joe Kernen on “Squawk Box” this morning about why the internet bellwether’s employees are so happy.
Serwer says the fact that many of Google’s pre-IPO employees are still with the company – which means that millionaires 10, 20, even 30 times over choose to work rather than retire early – is a good indication the firm must be a great place to work. Of course, those stock options are the best perk Google could offer when earnings growth is 90% quarter over quarter, Serwer says.
Employees also can choose from 11 gourmet cafeterias for their meals, five free onsite doctors, $5,000 toward the purchase of a hybrid car, and weekly TGIF parties. And that’s on top of the laundry and dry cleaning, oil changes and car washes, foreign language courses, gym and massages, onsite haircuts, and a $500 reimbursement for takeout food after having a baby. It’s no wonder Serwer described the Mountain View, California based staff as “insanely happy.”
Last year’s No. 1, Genentech, fell to No. 2 this year. Whole Foods Market, which ranked No. 5, offers employees the best benefits. No. 3 this year is private grocery chain Wegmen's Food Market and No. 4 is Texas-based storage retailer Container Store.