IIUC correctly from online sources, free works massively in favor of companies and due to economies of scale, it works out so cheap. Even if a company saves 30 minutes for 10 employees, that quicly adds up. Yet, so many companies dont have free food(cisco, intel, apple, msft , adobe etc) dont provide food..
Most companies don't need to. I haven't seen credible research that free food actually increases employee happiness or efficiency
I work for one of the mentioned companies. I'm also paid a ton of money for the most cushy job on earth and given a metric shit ton of benefits. Just a crazy thought but they probably think thats ok and I can afford my own $15-30 lunch everyday like a big boy. You guys are really out of control with the absurd sense of entitlement. These are jobs, I know it comes as a shock but its actually not supposed to be like still spending all day at your mothers house. Your employer is not actually supposed to be providing you cooked meals, doing your laundry, taking care of your transportation with shuttles etc. Some of you really need to get a grip on reality and learn how to be adults. You get a hint of the generosity of an employer or two with crazy perks and suddenly it becomes the norm and like everyone is entitled to it. It's insane. Then there is posts with people talking about wanting to unionize. God forbid your employer doesnt pay for you to fly first class and provide you 3 michelin star catered meals by Thomas Keller to go along with your several hundred thousand dollar comp package to play on a computer all day.
Because it does cost money. Lets do simple math: MS has roughly 50000 employees in the USA. A meal per employee costs on average 20$ (including additional costs). Thats 60$ a day. Thats 3000000$ a day which assuming 5 day weeks, 60000000$ per month. For companies with already high operstional costs (compared to revenew) such as MS, Apple etc.. thats alot of money. The only reason that Google & friends give free meals, is cause they are very rich. Their adds money is like a chicken laying golden eggs. So they can afford spending such an amount, to make people like you want to come work for them for an extra 1200$ a month worth of food.
Well extra 1200$ is a lot of money to me.(compared to my salary atleast) .. plus ~1 hour of cooking + cleaning everyday is very very significant
Airbnb says food costs them around $7 million a year at their SF office. If they have around 1500 employees there, then food costs around $388 per employee per month.
Not all companies enjoy high profit margins (such as amazon)
And then do nothing for the employees.
Be fair... All dem bananas.
Yah I agree. Saving 30 minutes per employee quickly adds up to a lot of you factor in their labor cost. Plus, my feeling was that it made it for more cohesive teams since people nearly always ate lunch together.
We don't even get free coffee.
Why not company pay me 50% more? I can work 100% harder
To be fair, cash is king. I'd forego free food for an extra $10,000, and I probably wouldn't choose one job over another for $10,000. If you want to remove the decision making about lunch, there are definitely services that can provide that (Freshly, to an extent MealPal, many more prepared meal delivery services) for probably less than 5000 a year. And for those that like to spend their money other ways, they can do that too. It doesn't really make sense for tech companies to have full-time cafeterias, which are so far outside their core competency. That said, I do think it can be a worthwhile investment
Because you should be investing in the local businesses around you. Don't be so indulged.
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It is gap in how leadership thinks. There was some Goldman Sachs or one of the big banks CEO saying we pay our employees enough to buy their own food. That idiot certainly doesn't why providing free food increases employees happiness and values money more than anything else. The main reason companies provide free food is to remove unnecessary decision making from your employees daily life. It is so much easier to not carry wallet with you all time and worry what you are going to eat when lunch time approaches. It also makes employees feel more relaxed like their office is their second home where they can anytime go to cafeteria and eat whatever they want. But there are people in leadership in those companies who only look at the money they would be spending on food.
Goldman actually does provide food at least for those at HQ in NYC. They give employees a daily credit for seamlessweb and the restaurants downstairs to use.
@hdhhj I think you some words.