The company believes that only happy employees can be more productive and in sync with company goals.
The Ministry of Finance has clarified that gift has not been defined under GST law. However, in common parlance, a gift is made without consideration, is voluntary in nature and is made occasionally. It cannot be demanded as a matter of right by the employee.
Basecamp provides its employees a $5,000 annual vacation stipend along with shortened four-day, 32-hour weeks during summer.
A study reveals that in the past year, 67 per cent of Indian business travellers have extended their business trips, to a different city or country, beating the global average of only 49 per cent.
The company has apparently donated $30 million worth of Chromebooks, phones and associated tech support to schools on its employees’ behalf.