The co-founder and CEO of the wholesale delivery service Boxed, Chieh Huang, announced that he will pay the college tuition of his employees’ children, according to The Washington Post.
Huang’s decision—first reported by Forbes—comes amidst a wave of perks and better benefits provided by tech companies.
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The program, which will be financed by Huang’s personal funds, aims at rewarding employees who work for Boxed before it goes public. Some investors will also be contributing to the program.
The program will cover four years of college tuition, excluding room, board and books. Boxed currently has 12 children among the families of its roughly 100 employees.