This paper examines the relationship between employees' satisfaction with their company and the firm's cash holdings. Using Glassdoor ratings, we find that companies with higher employee satisfaction with their companies hold more cash. The positive impact of employee satisfaction on a company's cash holdings remains significant, not only for employees' overall satisfaction with the company, but also for satisfaction with various aspects of the workplace. Additionally, this relationship only exists in firms that do not have environmental or social concerns, and companies that do have environmental or social concerns do not strategically choose the level of cash holdings. Overall, these results highlight that companies strategically set their cash holdings conscious of employee satisfaction.