Looking to the future, I think companies that can offer flexibility and perks that don't revolve around the office will be the ones employees are most drawn to.
At the same time, the option to work remotely has become a bigger draw for employees, and companies that don't offer that flexibility are having a harder time recruiting. Paayal: The pandemic upended many of the traditional office perks that tech companies used to attract employees. What do you think the future of Silicon Valley perks looks like? Rosalie: In the age of remote work, many employees get a wellness stipend for things like gym memberships and workout equipment, and at Meta, I've heard employees can even reimburse Quidditch equipment. What's the zaniest perk you've heard of a company offering? Whereas in the past employees might have stayed for the culture even amid those stumbles, it now had less pull on them, they told us.
That, combined with the loss of more traditional benefits like its health-insurance plan that covered 100% of employees' costs, a shifting product strategy, and layoffs in 2021, pushed many employees to look for new jobs. Paayal: When Dropbox closed its offices, its iconic perks largely disappeared, and without them, it was hard to maintain the company's unique culture. What are employees saying about the loss of Dropbox's iconic benefits? It asked the question of, in the age of remote work, where offices and free food are no longer a thing, how can a company set itself apart? Though the employees who left had many reasons for leaving, Dropbox's perks and culture were a big draw, and the loss of the cafeteria was representative of something bigger.
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