Benefits & Perks

Since the majority of Basecamp employees work in the US, this section is written with that as the default. Some benefits don’t make sense in other countries, like private health insurance in other first-world countries with a well-functioning, national health care system. We will try our best to provide comparable benefits and perks outside the US as it makes sense, though.

Benefits

Health Insurance

Health insurance is provided in the US via Blue Cross Blue Shield PPO. The company pays 75% of the premium and the employee pays the other 25%. Open enrollment is in November every year. Marriages and domestic partnerships are covered equally.

Employee-portion of medical insurance premium per pay period

• Employee-only medical coverage: $52.99
• Employee-partner medical coverage: $122.43
• Employee-child(ren) medical coverage: $118.47
• Employee-family medical coverage: $187.90

Employee-portion of dental insurance premium per pay period

• Employee-only dental coverage: $5.95
• Employee-partner dental coverage: $12.58
• Employee-child(ren) dental coverage: $15.08
• Employee-family dental coverage: $23.40

Vision

• Basecamp doesn’t offer vision insurance, but our medical insurance plan gives us discounts on eye exams, glasses, and contact lenses.

Flexible Spending Account (FSA)

The FSA is an account where you can set aside pre-tax money for out-of-pocket medical expenses, such as prescriptions, over-the-counter medicine, vision care, etc. You have to decide up front how much money you want to put in the account, and the max is $2,400/year. There is a separate type of FSA for dependent care (child or elder care), and the max for that plan is $5,000/year. This is an entirely optional program; if you don’t think you’ll use it, you need not sign up.

Vacations & Holidays

Basecamp offers 3 weeks of paid vacation, a few extra personal days to use at your discretion, and the standard national holidays every year. This is a guideline, so if you need a couple extra days, no problem. We don’t track your days off; we use the honor system. Just make sure to check with your team before taking any extended absence, so they’re not left in the lurch.

Summer Hours

During summer, we work 4-day work weeks, aka “summer hours”. Summer hours are in effect from May 1 through August 31 each year. (An employee who has just been hired may have to complete a training program per their team lead to be eligible). Summer weeks are 4-day work weeks, so when a holiday occurs over summer, you can take the holiday off or your normal summer day off. Any additional days off would count as vacation days.

Sabbatical

Every three years, employees are eligible to take a one-month-long paid sabbatical. Just give a heads-up preferably three months in advance, so we can coordinate the work-load accordingly.

Parental Leave

When you welcome a new child (birthed or adopted), Basecamp encourages you to take up to 16 weeks leave for primary caregivers and up to 6 weeks leave as secondary caregiver at 100% paid salary. You may also choose to take an additional 8 weeks leave unpaid.

401K Retirement Plan

Our 401K is through Vanguard. Basecamp matches dollar-for-dollar up to 6% of your salary that you contribute to the plan. For instance, an employee who earns $100,000 can contribute any amount towards the 401K, however Basecamp will only match the first 6% or $6,000/year of those contributions. You are eligible to enroll in the 401K plan with your first paycheck.

Employee Liquidity Pool

If Basecamp is ever sold or part of an IPO, tenured employees will be eligible to receive a portion of 5% of the value of the company. That 5% would be divided into units, based on the number of employees we have at the time. People who were Basecampers for less than 1 year would receive 0 units, someone employed 1 year would receive 1 unit, and so on, until you’re fully vested at 5 years for 5 units.

Profit Sharing

In 2017, Basecamp began offering profit sharing to employees. The system is based on two questions at the end of every year…

1. Was this year our most profitable year ever?
2. If yes, then how much better did we do than the previous best year? 25% of that profit will be split amongst employees.

If you’ve been working here for 2-5 years, you get 1 cut of the profit share, and if you’ve been working here for 5+ years, you get 2 cuts of the share. So, the more people who work at Basecamp for 2+ years, the more pieces of pie there are to distribute.

Perks

Fitness Allowance

Basecamp will pay up to $100/month for your gym membership, yoga studio membership, or whatever activity you do to stay in shape. If it’s not organized fitness, that’s okay, too. You can use your stipend to pay for race registrations or even new outdoor running shoes. The only catch is that you can’t “save up” your stipend. Sorry, but no saving 9 months worth of fitness benefit, and buying a new bike; this benefit is meant to promote regular activity for you.

Massage Allowance

Every month, you can expense up to $100 towards a massage, as part of Basecamp’s health and wellness benefits package.

Community Supported Agriculture (CSA) Allowance

Fresh, organic, local fruits and vegetables are great to have on-hand, so we’d also like to offer a CSA membership to you. Finding a local provider will be up to you, but you can expense the cost of a seasonal or annual CSA share as an employee benefit, up to $1,000/year. If there aren’t any CSA shares nearby, feel free to use your stipend on farmers market foods or even fresh fruit and veg at your favorite grocery store.

Continuing Education Allowance

If you’re interested in taking classes that you feel improve you professionally or personally, you have a $1,000 annual stipend to do so (annual = a 12 month period, not necessarily 2017 or 2018). Some people take classes directly related to their career, while some take photography lessons or learn a musical instrument. It’s up to you; the point is to learn something that you feel enriches you as a person and employee.

Matching Charitable Gifts

When you donate money to a qualified charity, Basecamp will make a matching gift to that charity on your behalf. Basecamp will match up to $2,000 per year, per employee. If you donate to more than one organization annually, that’s okay! For example, if I give $1,000/year to the Red Cross and $1,000/year to NPR, Basecamp will match both donations, dollar for dollar. If you donate more than $2,000/year, you are officially awesome, but Basecamp will only match $2,000 of your awesomeness.

Basecamp Holiday Gift

Every year, at the end of the year, Basecamp generally gives a thank-you gift to the employees. Employees who have been at Basecamp for one year or less get one gift (last year: a night on the town in his/her hometown), and longer tenured employees get a more elaborate gift (last year: a paid vacation). We switch up the delivery of these every year, so you’re always in for a nice surprise.

Practical assistance

Home Office Set-up

Since you work remotely, we want to make sure your home office is comfortable. You can expense up to $1,000 to furnish your home office, every three years.

Coworking Space Stipend

Basecamp will pay up to $200/month for you to use towards renting coworking space in your city. Please make sure you’re using a true coworking space that’s meant solely for working, not a club or social space.

Expense Account

If you work in the US, you should carry a Basecamp American Express card in your name. You can
use the card for any work-related expenses, such as travel, software, or office supplies. If you have any doubts about whether or not to expense something, just ask. When you do buy something with the card, get a receipt! Take a photo of that receipt, and send the photo to 37receipts@gmail.com. If you can’t use the Amex and have to use a personal card, send the receipt directly to Andrea for reimbursement.

Basecamp has no expense policy. We trust our employees to spend money wisely. If you’re booking a flight, you don’t need to buy the cheapest, 2-layover redeye; buy the convenient, well-priced seat. If you’re attending a conference on behalf of Basecamp, sure, Basecamp will buy your meals. Just try to stay away from caviar and champagne at dinner (okay, maybe once if you have a killer day to celebrate). Try to limit conference travel to once a year, and don’t extend your hotel stay too far to either side of the conference schedule. If you have questions about what “spend it wisely” means, just ask!