This report analyzes and compares COVINGTON & BURLING LLP's employee health insurance and employee benefits with its industry and in DC 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
COVINGTON & BURLING LLP offers exceptional career benefits to help its team members achieve their full potential and maximize their contributions to COVINGTON & BURLING LLP with rich developmental resources, fully covered tuitions for colleges, and effective onboarding programs. For employees who have what it takes to be a leader, COVINGTON & BURLING LLP offers exceptional leadership programs.
- CAREER PLANNING: COVINGTON & BURLING LLP continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that COVINGTON & BURLING LLP uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: COVINGTON & BURLING LLP 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: COVINGTON & BURLING LLP offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: COVINGTON & BURLING LLP has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: COVINGTON & BURLING LLP offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by COVINGTON & BURLING LLP to grow as leaders and learn how to make tough calls.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why COVINGTON & BURLING LLP offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: COVINGTON & BURLING LLP 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 COVINGTON & BURLING LLP.
- TUITION REIMBURSEMENT: COVINGTON & BURLING LLP realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | COVINGTON & BURLING LLP | Industry | DC |
|---|---|---|---|
| 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
COVINGTON & BURLING LLP 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 COVINGTON & BURLING LLP's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: COVINGTON & BURLING LLP wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at COVINGTON & BURLING LLP have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. COVINGTON & BURLING LLP partially pays for dentures and braces as well.
- HEALTH INSURANCE: COVINGTON & BURLING LLP offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: COVINGTON & BURLING LLP offers its team members superior 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. COVINGTON & BURLING LLP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: COVINGTON & BURLING LLP has a top-notch 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: COVINGTON & BURLING LLP has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: COVINGTON & BURLING LLP has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. COVINGTON & BURLING LLP covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: COVINGTON & BURLING LLP 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 | COVINGTON & BURLING LLP | Industry | DC |
|---|---|---|---|
| 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
COVINGTON & BURLING LLP 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: COVINGTON & BURLING LLP has an exceptional 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, COVINGTON & BURLING LLP offers an exceptional program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, COVINGTON & BURLING LLP offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: COVINGTON & BURLING LLP does not offer adoption assistance reimbursement.
- BONUS PAY: COVINGTON & BURLING LLP has a great bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: COVINGTON & BURLING LLP offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: COVINGTON & BURLING LLP has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: COVINGTON & BURLING LLP has a good 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: COVINGTON & BURLING LLP 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: COVINGTON & BURLING LLP offers a great life insurance policy to its team members for an affordable price. COVINGTON & BURLING LLP 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: COVINGTON & BURLING LLP has an excellent vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: COVINGTON & BURLING LLP believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why COVINGTON & BURLING LLP offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: COVINGTON & BURLING LLP has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | COVINGTON & BURLING LLP | Industry | DC |
|---|---|---|---|
| 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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