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by bobbles 4344 days ago
For anyone from Stripe reading this, having a '401k' plan for Australia makes no sense, but is listed on the AU hiring page.
2 comments

(I work at Stripe.)

Don't worry, the benefits box just isn't localized (yet). We have a draft of a new jobs page we're working on, but figured we should prioritize launching products over it :).

Products are more important than people. Good to know.
The people are presumably getting a proper retirement plan even if the copy isn't fixed on the website yet, and customers are people too.
You are being purposefully obtuse.
I guess they just mean a superannuation plan.
Which is a statutory requirement. So not a big surprise, really. I wonder if an open vacation policy is legal too.
As long as a full time worker is allowed to take their four weeks of annual leave, then it should be fine.

'Open vacation policy' sounds like there's no maximum, so should be no problem.

Under Australian law, annual leave has to accrue so it can be paid out when the employee leaves. This isn't possible under an open vacation policy.
Seems like a solution would be to just have 4 weeks contracted leave which accrues. Then have an open policy on top of that which allows an employee to exceed 4 weeks per year.
Why on earth not? Accrue leave as normal, just allow the balance to go negative (or bottom out at zero). If it's positive when the employee leaves, pay them out.
Sure it is. You accrue four weeks annually. If you take three weeks, you've got a week saved up. If you take five, you have none saved up.