As the world changes, the workplace is also changing. Employees and potential employees of many well-known companies are looking for benefit packages that allow them to innovate, better manage their lives and finances, and enjoy their work and life more.
Four out of five employees say they prefer benefits or perks over a pay raise, according to a SCORE survey. Considering strong employee demand for the flexibility to care for children or older parents, manage health issues, and take care of other life priorities, benefits can become even more important to individuals as they navigate a variety of life changes.
A number of companies are rising to the occasion, offering benefits and perks that meet the needs of today’s top employees and job candidates. Here’s a look at companies that offer some of the most in-demand, innovative benefits around.
This innovative software company developed a communication platform for real-time messaging, file sharing, archiving, and search services for teams that has transformed the way many organizations operate. Their goal is to bring teams together, wherever they are—highly beneficial in a remote work environment. With a mission to improve working life, Slack’s employees are treated with this same principal. Slack offers free medical, dental, and vision benefits for employees and their families. Along with 100% of premiums paid, they have an extensive parental leave policy in recognition that families come in many forms and family time can be important to overall well-being.
Standout benefit: Slack offers an annual allowance for professional development, plus a monthly stipend that employees can use towards anything. This can be a gym membership, childcare, a pet sitter, or anything that matters most to employees.
Leading e-commerce giant Amazon employs 750,000 workers and offers a generous benefits package that includes health, dental, and vision insurance with a choice of providers. They also provide a 401(k) match program and pay for long-term and short-term disability insurance. Employees also get generous discounts from Amazon.com, adoption assistance, parental leave, and regular paid time off.
Standout benefit: Through its Career Choice program, Amazon pays 95% of the cost of career training programs for hourly employees. That means Amazon associates can earn certificates and associate degrees in high-demand occupations such as aircraft mechanics, computer-aided design, machine tool technologies, medical lab technologies, nursing, and other fields while paying only 5% of the cost of tuition, fees, and books.
Based in Atlanta, GA, this healthcare analytics company employs more than 5,000 workers in the United States, Canada, India, and Nepal. Employees enjoy a variety of choices for health, dental, and vision insurance, as well as a 401(k) savings program with company match. Cotiviti consistently invests in its employees’ futures, with an in-house learning and development team offering year-round learning experiences, as well as opportunities for external learning and technical and functional training. The company offers paid family leave, generous paid time off, regularly scheduled social events, and discounts on a variety of items including cell phones, entertainment, and cars.
Standout benefit: Because one in six children is diagnosed with a developmental disability that often affects parents’ workplace productivity, Cotiviti offers Rethink benefits, an online solution that provides a video-based treatment program, care coordination, peer support, and consultations with clinicians for parents of children with learning or behavioral challenges.
This discount auto insurance provider is known for its TV commercials, but its 40,000 employees know it as an employer that cares about them and their families. The company offers medical, dental, vision, and life insurance, along with 401(k) and profit-sharing plans. It also provides employees with paid sick leave, tuition reimbursement, scholarships for their children, auto insurance discounts, and a variety of clubs and volunteer activities for employees.
Standout benefit: To help associates create the families they desire, Geico offers employees up to $5,000 in assistance per adoption, as well as fertility assistance and pre-tax dollars for covering childcare and eldercare expenses.
This technology leader offers an industry-leading benefits package, including standard health benefits and retirement plans. The company shows its dedication to employees’ family life by offering childcare and elder care programs, as well as robust benefits for pregnancy, adoption, and new parents. For instance, new parents can take advantage of special parking spaces and on-site nursing rooms. And for parents of older children, the company provides educational programs such as tutoring, college coaching, and scholarships. Intel also offers flexible scheduling and alternative work arrangements to help employees better manage work and life.
Standout benefit: To reward employees and help them develop a fresh, new perspective, Intel offers sabbaticals for every employee who has been with the company for four years. Employees can choose a four-week paid sabbatical after their fourth anniversary at Intel or an eight-week paid sabbatical after their seventh anniversary, in addition to regular vacation time.
One of the “Big Four” accounting organizations, KPMG is a multinational professional services network providing business consulting around the world. With 816 offices in 147 countries, the company offers employees opportunities to participate in career rotations abroad to experience new cultures and gain new skills, as well as opportunities to explore new service lines, practices, or departments within their existing groups. KPMG employees can choose from an array of medical insurance options and can take up to 25 personal days per year. The company also provides a wide range of financial benefits, including 401(k), pension plans, dependent care, a flexible spending account, and mortgage assistance program.
Standout benefit: While most companies have done away with traditionally defined benefit pension plans, KPMG continues to offer a company-funded pension plan as well as a 401(k) plan. Most employees are eligible for the plan after one year of service, and KPMG makes a one-time $7,000 credit to their plans, followed by an annual service credit and annual interest credit.
The online professional networking site is serious about employee benefits, and more than 83% of its employees (the highest percentage in Silicon Valley) say they’re happy about it, according to a 2019 survey conducted by Blind. LinkedIn employees can count on comprehensive health insurance coverage, an employee assistance program for mental health needs, and a wellness program that includes on-site gyms and fitness classes. LinkedIn also reimburses employees for higher education expenses. The company offers generous parental, adoption and fertility benefits, with three months paternity leave and six-month maternity leave. LinkedIn employees also have the unique ability to focus on themselves and take time for outside activities. For example, LinkedIn employees get to take one Friday every month to focus on themselves, the company, or the world.
Standout benefit: In their “PerkUp!” program, employees are allotted $2,000 per year for various uses such as gym memberships, childcare, and student loan repayment. They also have a $5,000 allowance for furthering their education through tuition reimbursement.
A worldwide leader in online payment systems, PayPal attracts top employees with its thoughtful benefits package. The company offers a variety of medical and dental plans starting on the first day, and financial programs that include a 401(k) savings plan, employee stock purchase plan, and flexible spending accounts for health care and dependent care. PayPal employees also can take advantage of a variety of time-off programs, such as a four-week paid sabbatical after five years of service, paid sick leave, paid bonding leave for new parents, and paid time off to volunteer for a charitable organization.
Standout benefit: PayPal invests in employees’ career development and leadership development through programs like the Emerging Leadership Program and Technology Leadership Program, a two-year rotational program offered to qualified superstar technologists.
PepsiCo has long been known as a great place to work, but has recently made headlines for its decision to provide enhanced compensation and benefits in the wake of the coronavirus pandemic. Those new benefits include paid sick leave for quarantined employees and employees who must care for children and family members as a result of the pandemic. In addition, PepsiCo employees have access to a health insurance plan, paid vacation, wellness programs, healthy money programs, 401(k) plan, and tuition reimbursement.
Standout benefit: Moms aren’t the only ones taking care of babies, and at PepsiCo, they aren’t the only ones who get generous parental leave. In fact, new moms and dads are eligible for up to six weeks of paid leave. This is well above the average leave generally granted to new dads.
A digital company whose focus is to share different experiences and capture life as it is lived by those who utilize their cameras and accessories, GoPro has been recognized as a one of the top 4 healthiest bay area workplaces and one of the top healthiest places to work in the US in 2019. The company has been committed to employee wellness and well-being since 2013 when they developed the Wellness Council. In 2015, they also created the Live It. Eat It. Love It. Program which allows employees to leave the office and explore the outdoors with the use and enjoyment of their GoPros on Thursday afternoons. Whether they attend a yoga class, volunteer in the local community, join a group surf or a dodgeball tournament, employees can use the time as they please—as long as their GoPro goes along for the ride.
Standout benefit: GoPro offers a robust benefits package for employees. Some highlights from their benefits include 100% GoPro paid healthcare premiums for employees, and 80% paid for dependents and 12 weeks fully paid parental leave benefits for all new parents. One benefit unique to GoPro is paid volunteer opportunities, camera donations, and matching for up to $1000 in charitable donations each year.
This online personal styling service was founded in 2011 had an initial public offering in 2017 at a valuation of $1.6 billion. While the unique concept brings in investors, the creative benefits package attracts top-performing employees. For instance, the company offers opportunities to work from home permanently and unlimited vacation time for qualified roles. It also provides competitive training and professional development opportunities for employees, along with comprehensive medical, dental, and vision benefits, a 401(k) plan, and parental leave programs. Also, Stitch Fix employees can purchase the company’s signature clothing with a 40% employee discount.
Standout benefit: Stitch Fix provides tuition reimbursement for employees who go back to school, paying 25% of the cost for employees to earn a certificate or degree. The company also offers bonuses for those who excel in their programs based on their job-related degrees.
When looking for employment opportunities in well regarded companies, it’s tempting to focus only on finding the right salary. But the benefits package a company offers can fit your life and needs beyond the workplace. Many top employers provide benefits that simplify employees’ lives and improve their personal, career, and financial picture over the long term.
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