Re:“About one-third of Basecamp employees accepted buyouts t...
by wlll on Friday April 30, 2021 @07:38PM
(#27001044)
This is really simple, it's about the policy and the way it was announced, there's little more to read into the situation.
Minor points:
There was no corporate gym membership, it was just "Here's $100, spend it on fitness".
> A 10% profit share between 50 people is replacing a solid perk with an unpredictable annual bonus.
Basecamp was a phenomenally profitable company. The profit share was brought in after I left, but I'd have taken it over the other benefits if it had been either/or.
Re:“About one-third of Basecamp employees accepted buyouts t...
by bradleyjg on Friday April 30, 2021 @09:36PM
(#27002022)
I don’t think a gym benefits can be pretax. Maybe if the employer owns the gym. What a company can pay for and not have it count as compensation is more limited than you’d think.
If your employee gave you the individual cash value of your gym membership, it would be based on their corporate discount and the fact it was pre-tax. You would have to dip into your own pocket to renew that membership as an individual, as it would come after tax and be more expensive (joining fees, contract lock-in...). And what a shitty cop-out to call it paternalistic, as if the whole post didn't reek of paternalism.
A 10% profit share between 50 people is replacing a solid perk with an unpredictable annual bonus.