This report analyzes and compares COGNIZANT TECHNOLOGY SOLUTIONS' employee health insurance and employee benefits with its industry and in New Jersey State.
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
Career benefits
COGNIZANT TECHNOLOGY SOLUTIONS has remarkable 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 COGNIZANT TECHNOLOGY SOLUTIONS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: COGNIZANT TECHNOLOGY SOLUTIONS offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, COGNIZANT TECHNOLOGY SOLUTIONS makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: COGNIZANT TECHNOLOGY SOLUTIONS believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: COGNIZANT TECHNOLOGY SOLUTIONS encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, COGNIZANT TECHNOLOGY SOLUTIONS supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: COGNIZANT TECHNOLOGY SOLUTIONS has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: COGNIZANT TECHNOLOGY SOLUTIONS does not offer leadership programs.
- ONBOARDING: COGNIZANT TECHNOLOGY SOLUTIONS is aware of the difficulties that new employees might experience when they join the team. That's why COGNIZANT TECHNOLOGY SOLUTIONS has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: COGNIZANT TECHNOLOGY SOLUTIONS knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to COGNIZANT TECHNOLOGY SOLUTIONS.
- TUITION REIMBURSEMENT: COGNIZANT TECHNOLOGY SOLUTIONS does not offer tuition reimbursement.
Benefit | COGNIZANT TECHNOLOGY SOLUTIONS | Industry | New Jersey |
|---|---|---|---|
| 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
COGNIZANT TECHNOLOGY SOLUTIONS offers top-notch 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 COGNIZANT TECHNOLOGY SOLUTIONS's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: COGNIZANT TECHNOLOGY SOLUTIONS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why COGNIZANT TECHNOLOGY SOLUTIONS implemented a valuable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at COGNIZANT TECHNOLOGY SOLUTIONS have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. COGNIZANT TECHNOLOGY SOLUTIONS partially pays for dentures and braces as well.
- HEALTH INSURANCE: COGNIZANT TECHNOLOGY SOLUTIONS provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: COGNIZANT TECHNOLOGY SOLUTIONS offers its team members remarkable health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. COGNIZANT TECHNOLOGY SOLUTIONS provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: COGNIZANT TECHNOLOGY SOLUTIONS offers an impressive healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: COGNIZANT TECHNOLOGY SOLUTIONS offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: COGNIZANT TECHNOLOGY SOLUTIONS has a suitable telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. COGNIZANT TECHNOLOGY SOLUTIONS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: COGNIZANT TECHNOLOGY SOLUTIONS has an exceptional 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.
Benefit | COGNIZANT TECHNOLOGY SOLUTIONS | Industry | New Jersey |
|---|---|---|---|
| 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
COGNIZANT TECHNOLOGY SOLUTIONS offers superior financial benefits for employees and their family members. A superior 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: COGNIZANT TECHNOLOGY SOLUTIONS knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and COGNIZANT TECHNOLOGY SOLUTIONS will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, COGNIZANT TECHNOLOGY SOLUTIONS provides resources which will help team members decide what to do with their 401(k) plan. COGNIZANT TECHNOLOGY SOLUTIONS offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: COGNIZANT TECHNOLOGY SOLUTIONS has a solid 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: COGNIZANT TECHNOLOGY SOLUTIONS offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for COGNIZANT TECHNOLOGY SOLUTIONS, and encourage others to do the same.
- CHILDCARE DISCOUNT: COGNIZANT TECHNOLOGY SOLUTIONS has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: COGNIZANT TECHNOLOGY SOLUTIONS offers excellent 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: COGNIZANT TECHNOLOGY SOLUTIONS offers a superb daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: COGNIZANT TECHNOLOGY SOLUTIONS offers a superior short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: COGNIZANT TECHNOLOGY SOLUTIONS offers a valuable life insurance policy to its team members for an affordable price. COGNIZANT TECHNOLOGY SOLUTIONS participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: COGNIZANT TECHNOLOGY SOLUTIONS wants for its team members to lead a happy and fulfilled life so it has a suitable 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: COGNIZANT TECHNOLOGY SOLUTIONS does not offer paid volunteer time off.
- PARENTAL LEAVE: COGNIZANT TECHNOLOGY SOLUTIONS has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | COGNIZANT TECHNOLOGY SOLUTIONS | Industry | New Jersey |
|---|---|---|---|
| 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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