FAANG Companies Benefits 2022 - The Ultimate Comparison
Aug 7, 2022
Many benefits are offered to employees by FAANG companies in an effort to keep them on board and attract in fresh talent. The benefits comparison table below would be very helpful to you if you are an FAANG employee or are looking to work for one of the FAANG companies or in general.
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- Health & Wellness
Meta’s holistic well-being programs include benefits to help boost your physical health, build resilience to manage mental health and stay healthy in all areas of life.
Amazon
You can’t prepare for every scenario, which is why Amazon provides comprehensive coverage and protection to handle life’s unexpected accidents and surprises.
- Accidental insurance
- Medical
- Family medical care
Apple
Everyone has different needs and schedules, and that’s why Apple offer a flexible medical plan that covers both physical and mental healthcare.
- Physical healthcare
- Mental healthcare
- Medical consultation
- Wellness centers
- Fertility treatment coverage
- Discounted childcare facilities and crèche centers.
Netflix
Medical benefits work differently based on the country you live in. No matter what the case is, we make sure that you’re covered.
- Medical counseling
- Wellness coaching sessions
- Mindfulness and meditation
- Medical coverage
- Supplemental medical coverage
- Monthly allowance
Keeping Googlers healthy is our priority.
- Medical coverage
- Vision coverage
- Dental coverage
- Access to mental health apps
- Employee assistance programs focused on medical health
- Second medical opinion for you and your family
- Workplace accommodations for physical or mental health concerns
- Medical advocacy program for transgender employees
- Onsite wellness centers
- Fitness centers, massage programs, and ergonomic support
- At-home fitness, well-being, and cooking classes
Facebook clearly leads the way in terms of health and wellness advantages, followed by Google. Amazon is in last place, while Apple is followed by Netflix in third place.
2. Family
Meta provides programs to give you the support you need to make sure your family feels cared for
- Paid leave for new parents
- Support for family planning, including adoption and surrogacy assistance, and baby cash to help with newborn expenses
- Flexible spending account for dependent care so you can pay care expenses for a child or parent with pre-tax money
- Personalized assistance navigating all of the information, resources and programs available to support your family care needs
- Generous paid time off
- A 30-day paid break every five years
- Leave programs so that you can take the time you need to care for yourself or your family when you need it
Amazon
Time for You, When You Need It
- Employees accrue paid time off in addition to paid leaves
- When you need more time for some of life’s bigger moments, such as caring for a new child or an ill family member, Amazon offers several paid and unpaid leave options.
- The Employee Assistance Program is available to employees and their families for work-related or private issues, including anxiety and stress, legal or financial questions, family issues, child or elder care referrals and many other topics that are important to you.
Apple
Feel good for your whole family
- Paid parental leaves
- Gradual return-to-work program
- Get paid time away if you need to care for an ill family member
- Free guidance to help you find childcare, eldercare, legal referrals, and more
- Whether you’re exploring personal pursuits, welcoming a new child, or caring for a family member, rest assured that you’ll have paid time away when you need it most.
Netflix
Taking care of yourself and loved ones
- Parental leaves, take care of your baby and yourself. New parents generally take 4 – 8 months.
- TIme away, prescribed time off policies for salaried employees. No preset holidays and vacation schedule. So you can observe what’s important to you; including when your mind and body need a break.
- Netflix offers a global family forming benefit to support employees during your fertility, surrogacy, or adoption journey. This benefit is available to employees and their spouse/domestic partner, regardless of marital status, gender, or sexual orientation. Globally, we cover costs for family forming services, including travel for these services.
How we support your loved ones.
- Fertility and growing family support
- Backup childcare
- Parental leave and baby bonding leave
- Survivor income benefit
- Caregiver leave
FAANG companies prioritize family and provide benefits that are remarkably comparable.
3. Finance
We offer financial benefits and services to give you financial peace of mind.
- Competitive retirement plan
- Life insurance and survivor support
- Equity awards
- Complimentary access to TurboTax
- On-site or video tax consultations to answer your questions
- Legal support through Hyatt Legal for you and/or your parents if you need it
Amazon
Take Ownership
- Restricted Stock Units
Apple
Feel good financially
- No pay disparity for men and women
- Stocks grants and discounted price on purchase
- Prepare for retirement, our matching contributions can help you meet your savings goals.
- To help you prepare for the unexpected, you’ll have the security of multiple forms of income protection.
- When you give money to an eligible organization, we’ll match your donations one-for-one, so your contribution is doubled or up to US$10,000 a year.
Netflix
Philosophies on stock options, compensation, and charitable giving.
- Stock Option Program: Each employee chooses each year how much of their compensation they want in salary versus stock options. You can choose all cash, all options, or whatever combination suits you. You choose how much risk and upside (down) you want. These 10-year stock options are fully-vested and you keep them even if you leave Netflix.
- Personal Top of Market: To help us attract and retain stunning colleagues, we pay employees at the top of their personal market. We do not think of these as “raises” and there is no raise pool to divide up. The market for talent is what it is and is not defined by set bands and grades. If your market adjusts, we do not have to wait for an annual compensation event to make changes. We hope through this compensation approach, we can dismantle pay disparities across gender and race.
- Employee giving program: We realize you may also want to make an impact in a more personal way by giving to charitable organizations you care about. We want to do our part to support you and the organizations important to you through match contributions up to $20,000.
Providing compensation and programs that give our employees financial peace of mind.
- Competitive compensation
- Annual cross-company pay equity analysis and adjustments
- Student loan reimbursement
- Generous 401(k) and regional retirement plans
- Regular bonus and equity refresh opportunities
- 1-on-1 financial coaching
- Top technology, including internet reimbursement and company-paid mobile phone
While Netflix tops the list for salary, Google and Apple are the leaders in terms of financial benefits. The full-time employees at Facebook, Google, and Apple are also paid well. For additional information on wage comparison, see FAANG Companies Interview Process Comparison . Amazon is ranked last among the FAANG companies.
4. Community
Meta committed to nurturing and empowering community—internally as well as externally.
- Join an employee club—or create your own and build meaningful connections with other people who work at Meta
- Join an employee resource group and be a catalyst for ensuring a fully inclusive environment that provides opportunities for everyone to contribute to Meta’s success
Amazon
Professional Growth
- Amazon employees are encouraged to enter different roles, take on new challenges and learn new skills. Our internal transfer opportunities and expanding career development programs help employees build their career.
Apple
Feel good when you grow
- Apple University creates classes, seminars, and beyond-the-classroom tools that help employees understand Apple’s culture, organization, values, and role in the world
- For more formal education related to advancing your career at Apple, we’ll reimburse you for certain educational expenses, including tuition.
Netflix
No information available
- No Information available
Programming, spaces, and resources to support your growth, productivity, and well-being.
- Four “work from anywhere” weeks per year
- Part-time work and job-sharing options
- Hybrid work model — two work from home days each week for most roles
- Remote work opportunities available
- Inspiring spaces to work, recharge, and collaborate with fellow Googlers
- Art programs, Talks @ Google, legal services… and of course, Dooglers
- On-site meals and snacks
In terms of community comparison, Google, which has the greatest understanding of the significance of community development, is ahead of other FAANG companies. Regarding Netflix’s initiatives to foster a sense of community among its staff, nothing is known.
5. Other Benefits
No information available
- No information available
Amazon
No information available
- No information available
Apple
Feel good about receiving
- Get the world’s best prices on the world’s best products — Apple products. You’ll also get deals on great third-party accessories and thousands of other products and services.
Netflix
No information available
- No Information available
Providing room and opportunities to grow — on your own and with your teammates.
- Educational reimbursement
- Employee resource groups for underrepresented employees and their allies
- Googler-to-Googler peer learning and coaching platform
- Internal Googler community groups and local culture clubs
- Donation matching and time off to volunteer
The only FAANG companies that offer additional benefits to its employees are Google and Apple.
Conclusion
| Facebook (Meta) | Amazon | Apple | Netflix | Google (Alphabet) | |
|---|---|---|---|---|---|
| Health & Wellness | 5 | 1 | 2 | 3 | 4 |
| Family | 5 | 5 | 5 | 5 | 5 |
| Finance | 2 | 1 | 3 | 5 | 4 |
| Community | 4 | 2 | 3 | 1 | 5 |
| Other Benefits | 1 | 1 | 4 | 1 | 5 |
| 17 | 10 | 17 | 15 | 23 |
Google is undoubtedly at the top, offering its employees the most benefits, followed by Facebook and Apple. In the benefits analysis, Netflix is leading the Amazon standing in last.
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