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by hota_mazi
3492 days ago
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> 'Free lunch' was a cold, hard, Google style calculation: the time it took to 'drive to resto and back' was wasted time, it was cheaper to give people food than have them waste this time. No, it's not. If it was, all companies would do it. And they would probably just give away sandwiches and call it a day instead of setting up dozens of gourmet cafeterias with different themes and chefs at the helm throughout their campuses. Google loses millions of dollars every day in free food. Why do they do it? Because that's how the company started and even after the IPO and the accountability that came with it, the founders stuck with their decision to put the employees first and the shareholders second |
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No, this is false.
Google employees productivity, as measured in earnings/capita, is significantly greater than most other companies.
Google does not 'lose money' on the policy, if it was a 'net loser', they would end it.
It's effectively part of the total incentive package.
If it costs them $20/day per person, that's an extra $4K/year per person, if it increases productivity by only 2% it's an obvious winner based on that easy calculation alone.
Google has billions of dollars they don't know what to do with, and their effective cost of capital is very low. Anything they can do to materially lift output - that doesn't cost zillions - is probably worth it.