CNBC AI News – June 24th: The perks are real. Why are tech giants like ByteDance so attractive to prospective employees? It boils down to cold, hard benefits packages that go far beyond the paycheck.
Recently, a social media post showcasing a ByteDance employee’s benefits package grabbed attention. Among the highlights: a generous “100 yuan (approximately $14 USD equivalent) per day meal allowance for three meals.” Breakfast, averaging a 20 yuan spend, offers a diverse spread including classic staples alongside international fare. Think soy milk and fried dough sticks, Cantonese dim sum, and western-style sandwiches, all complemented with fruit, nuts, and dairy products.
Lunch and dinner offer an even wider selection. Entrees feature everything from Sichuan-style fish and spicy chicken to sweet and sour ribs. Specialized stations add variety with sushi, healthy options, and regional specialties like the popular braised chicken feet and pork knuckle dishes found in Hangzhou.
The snacking doesn’t stop there. Employees also enjoy afternoon tea spreads including yogurt, cakes, fresh fruit (like the sought-after Shine Muscat grapes), snacks (original recipe fried chicken) and complimentary beverages. Major players like JD.com, Tencent, and Alibaba offer similar perks to attract top talent.
Adding to the draw are free taxi rides and rental subsidies, among other benefits. According to some insiders, saving over USD $14,000 per year is easily achievable for employees with modest spending habits.
While some critics suggest these lavish perks are a subtle form of compensation for extended hours and demanding work environments, employee satisfaction speaks volumes. The fierce competition to land a job at these tech behemoths underscores the undeniable appeal of these comprehensive benefit programs.
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