This report analyzes and compares DAVIS POLK & WARDWELL's employee health insurance and employee benefits with its industry and in New York 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
DAVIS POLK & WARDWELL has first-class 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 DAVIS POLK & WARDWELL. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: DAVIS POLK & WARDWELL offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, DAVIS POLK & WARDWELL makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: DAVIS POLK & WARDWELL offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: DAVIS POLK & WARDWELL 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: DAVIS POLK & WARDWELL does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: DAVIS POLK & WARDWELL believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that DAVIS POLK & WARDWELL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: DAVIS POLK & WARDWELL does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, DAVIS POLK & WARDWELL implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: DAVIS POLK & WARDWELL has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at DAVIS POLK & WARDWELL.
Benefit | DAVIS POLK & WARDWELL | Industry | New York |
|---|---|---|---|
| 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
DAVIS POLK & WARDWELL 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 DAVIS POLK & WARDWELL's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: DAVIS POLK & WARDWELL wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch 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: DAVIS POLK & WARDWELL offers a great 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: DAVIS POLK & WARDWELL offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, DAVIS POLK & WARDWELL offers valuable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: DAVIS POLK & WARDWELL offers an exceptional 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: DAVIS POLK & WARDWELL 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: DAVIS POLK & WARDWELL 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. DAVIS POLK & WARDWELL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: DAVIS POLK & WARDWELL 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 | DAVIS POLK & WARDWELL | Industry | New York |
|---|---|---|---|
| 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
DAVIS POLK & WARDWELL offers remarkable financial benefits for employees and their family members. A remarkable 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: DAVIS POLK & WARDWELL has a remarkable 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. DAVIS POLK & WARDWELL 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 remarkable DAVIS POLK & WARDWELL has Matching program that matches 75% of employees' contributions. Whatever DAVIS POLK & WARDWELL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave DAVIS POLK & WARDWELL. Recognizing that every team member is unique, with specific needs and goals, DAVIS POLK & WARDWELL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: DAVIS POLK & WARDWELL has a first-class Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by DAVIS POLK & WARDWELL.
- BONUS PAY: DAVIS POLK & WARDWELL has a valuable 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: DAVIS POLK & WARDWELL cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: DAVIS POLK & WARDWELL offers impressive 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: DAVIS POLK & WARDWELL offers an exceptional daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: DAVIS POLK & WARDWELL has an excellent disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: DAVIS POLK & WARDWELL has a superior 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: DAVIS POLK & WARDWELL wants for its team members to lead a happy and fulfilled life so it has a great 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: DAVIS POLK & WARDWELL has a first-class volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, DAVIS POLK & WARDWELL stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: DAVIS POLK & WARDWELL has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | DAVIS POLK & WARDWELL | Industry | New York |
|---|---|---|---|
| 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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