This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.
CNET News Video: Barber, candy shop, bank among deluxe perks at Facebook
About Video Comments (0 ) Transcript

CNET News Video: Barber, candy shop, bank among deluxe perks at Facebook

2:32 /

The typical benefits in Silicon Valley now include massage and five-star food. CNET's Sumi Das visits 1 Hacker Way in Menlo Park to uncover the reason behind Facebook's generous perks.

-This is the campus that Facebook built. With its metropolitan vibe, it's not your typical office park. -Our courtyard is really paying tribute to our roots which come from downtown Palo Alto. So, when you go out there, you're gonna feel kind of an urban feel to it. We have a boulevard running down the center for bicycles and ripsticks. -Like most main streets, it has all the necessities and then some restaurants, a full-fledged bank, an arcade, and a candy shop. Even by Silicon Valley standards where gourmet foods, snack kitchens, and free transportation are common, Facebook offers perks that could inspire workplace envy. -We actually have a 1950's throwback barbershop that does hot shaves. We also have a wood shop here. -The IT vending machine, onsite health center, bike repair shop, and other extras may add to the bottom line, but in the end, it's a smart business decision. -We measure satisfaction, utilization. We also take a look at productivity, time savings. So, if we can't afford someone having to leave work, say, drive to a doctor's appointment, wait, be seen, and have to come back-- -The assumption, of course, is that employees spend any spare time building and improving the social network. -What we offer are perks of convenience. Our purpose is to create white space for our employees so that they can be freed up to focus on what they're most passionate about. -For most companies, employee perks are a smart business decision. It makes sense during boom times. But what happens if a bus comes along? Facebook says it would still offer the benefits. -You know, I think that we're very thoughtful and methodical about how we approach benefits. So, having been through this many times in the Valley, I think that, going into it, we go in a lot more prepared that we don't wanna have to take things away later on. -For a potential hire waiting multiple job offers, that could tip the scales in Facebook's favor. A recent survey by the career site, Glassdoor, found that one out of five workers said office perks were important. -If we look at comp and benefits for Facebook in 2013, on a five-point scale, they rank 4.5 out of 5. That literally blows every other tech company out of the water when we're looking at Google, Apple, Yahoo. -And the perks keep coming. Plans for a new Facebook building designed by world-renowned architect Frank Gehry boast a rooftop garden. And inside? An open layout which lends itself to social networking naturally. In Menlo Park, California, I'm Sumi Das, cnet.com for CBS news.
  • This is the interactive sidebar!

    Click any icon for more information as they appear--don't worry, we'll pause the video and wait for you to come back.

  • Links Polls Galleries
  • Video Review

New releases

Getting to know the updated Mail...
1:51 September 23, 2014
CNET's Dan Graziano highlights the new features iPhone and iPad users will find in Apple's updated Mail a...
Play video
Talko and the evolution of phone...
2:58 September 23, 2014
The way we talk on phones may change with new messaging apps, half of Apple mobile devices upgraded to iOS...
Play video
The 404 Show 1,556: 'Gotham' review,...
37:03 September 23, 2014
Today we check out the pilot episode of "Gotham," get to the bottom of a recent titillating Internet hoax...
Play video
DIY decals for your laptop
4:14 September 23, 2014
Add some custom art to your laptop lid by printing out vinyl stickers in just a few minutes.
Play video
Upgrade your MacBook with an S...
4:29 September 23, 2014
Replacing your MacBook's hard drive with an SSD can give you a huge performance boost. Check out these simple...
Play video
Contour returns with the waterproof...
1:31 September 23, 2014
Its first new camera since announcing its return, the Roam3 picks up where its predecessor left off, delivering...
Play video
Leave your smartphone behind with...
2:19 September 23, 2014
The Wink Relay smartphone hub replaces a light switch and lets you control all your Wink-compatible devices...
Play video
Polaroid takes tiny cameras to...
1:18 September 23, 2014
It captures HD video and shoots photos and the whole thing fits inside the palm of your hand.
Play video