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Cash, inexpensive services aid ‘Fools’ at financial advising firm

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in HR Management,Human Resources,Leaders & Managers,Management Training

Employees at The Motley Fool, a financial advising company, know a thing or two about money.

That’s why the Alexandria, Va.-based organization hands each of its 180 employees $1,200 a year in “fool dollars” to spend on tuition, insurance, home Internet service, PDAs and other perks that many larger organizations might list as separate benefits.

“We’re not a huge company, so sometimes there’s not enough of a group to create a specific benefit program,” says HR Director Angelique Keenley. “We ask ourselves how we can create something that can be used by the people who need it, when they need it, but that doesn’t need a whole lot of management.”

The free money doesn’t end there. Pregnant employees and their significant others get $400 in takeout meals or grocery deliveries when a baby arrives. Expectant and new parents also can consult with company-retained experts in lactation, child care, preschools and education.

Most Motley Fool employees are in their 30s, so “there are lots of babies,” Keenley says. She estimates that someone uses the services at least once a month. 

Contact: Angelique Keenley at akeenley@fool.com. 

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