This report analyzes and compares CHARLES SCHWAB's employee health insurance and employee benefits with its industry and in California State.

COMPARE CHARLES SCHWAB'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.

Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.

This report contains the following sections

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

CHARLES SCHWAB has superior career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the CHARLES SCHWAB. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: CHARLES SCHWAB continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that CHARLES SCHWAB uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: CHARLES SCHWAB offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
  • DEVELOPMENT RESOURCES: CHARLES SCHWAB offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
  • GED REIMBURSEMENT: CHARLES SCHWAB does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: CHARLES SCHWAB does not offer leadership programs.
  • ONBOARDING: CHARLES SCHWAB offers a first-class Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
  • RECOGNITION PROGRAMS: CHARLES SCHWAB knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to CHARLES SCHWAB.
  • TUITION REIMBURSEMENT: CHARLES SCHWAB has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
CHARLES SCHWAB's career benefits comparison table

Benefit

CHARLES SCHWAB

Industry

California

Career planning Benefits
Coaching and mentoring Benefits
Development resources Benefits
GED reimbursement Benefits
Leadership programs Benefits
Onboarding Benefits
Recognition programs Benefits
Tuition reimbursement Benefits

Healthcare benefits

CHARLES SCHWAB offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy CHARLES SCHWAB's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: CHARLES SCHWAB does not offer counseling.
  • DENTAL PLAN: CHARLES SCHWAB offers a solid dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
  • HEALTH INSURANCE: CHARLES SCHWAB offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
  • HEALTH PLAN INCENTIVES: CHARLES SCHWAB does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: CHARLES SCHWAB has a superior healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
  • MATERNITY SUPPORT PROGRAM: CHARLES SCHWAB offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
  • TELEHEALTH: CHARLES SCHWAB has an impressive telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
  • VISION PLAN: CHARLES SCHWAB has an outstanding Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
CHARLES SCHWAB's healthcare benefits comparison table

Benefit

CHARLES SCHWAB

Industry

California

Counseling Benefits
Dental Plan Benefits
Health Insurance Benefits
Health Plan Incentives Benefits
Healthcare Spending Accounts Benefits
Maternity support program Benefits
Telehealth Benefits
Vision Plan Benefits

Financial benefits

Team members enjoy great financial benefits at CHARLES SCHWAB. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. CHARLES SCHWAB offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CHARLES SCHWAB to partially cover the expenses.

  • 401(K) PLAN: CHARLES SCHWAB has a top-notch 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. CHARLES SCHWAB provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a top-notch CHARLES SCHWAB has Matching program that matches 75% of employees' contributions. Whatever CHARLES SCHWAB contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave CHARLES SCHWAB. Recognizing that every team member is unique, with specific needs and goals, CHARLES SCHWAB keeps their members informed about their 401(k) options.
  • ADOPTION ASSISTANCE REIMBURSEMENT: CHARLES SCHWAB has a good Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
  • BONUS PAY: CHARLES SCHWAB offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for CHARLES SCHWAB, and encourage others to do the same.
  • CHILDCARE DISCOUNT: CHARLES SCHWAB does not offer childcare discount.
  • COMMUTER BENEFIT: CHARLES SCHWAB offers outstanding commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: CHARLES SCHWAB has a valuable daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
  • DISABILITY: CHARLES SCHWAB has a valuable disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: CHARLES SCHWAB has a top-notch life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
  • PAID TIME OFF: CHARLES SCHWAB wants for its team members to lead a happy and fulfilled life so it has a solid vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
  • PAID VOLUNTEER TIME OFF: CHARLES SCHWAB has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, CHARLES SCHWAB stimulates its team members to use two paid days every quartal for volunteering purposes.
  • PARENTAL LEAVE: CHARLES SCHWAB has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
CHARLES SCHWAB's financial benefits comparison table

Benefit

CHARLES SCHWAB

Industry

California

401(k) plan Benefits
Adoption assistance reimbursement Benefits
Bonus pay Benefits
Childcare discount Benefits
Commuter benefit Benefits
Daycare flexible spending account Benefits
Disability Benefits
Life insurance Benefits
Paid time off Benefits
Paid volunteer time off Benefits
Parental leave Benefits

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