This report analyzes and compares DISCOVER FINANCIAL SERVICES' employee health insurance and employee benefits with its industry and in Illinois 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
DISCOVER FINANCIAL SERVICES has top-notch 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 DISCOVER FINANCIAL SERVICES. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: DISCOVER FINANCIAL SERVICES continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that DISCOVER FINANCIAL SERVICES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: DISCOVER FINANCIAL SERVICES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: DISCOVER FINANCIAL SERVICES 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: DISCOVER FINANCIAL SERVICES has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: DISCOVER FINANCIAL SERVICES believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that DISCOVER FINANCIAL SERVICES provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: DISCOVER FINANCIAL SERVICES is aware of the difficulties that new employees might experience when they join the team. That's why DISCOVER FINANCIAL SERVICES has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: DISCOVER FINANCIAL SERVICES has a top-notch Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: DISCOVER FINANCIAL SERVICES has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at DISCOVER FINANCIAL SERVICES.
DISCOVER FINANCIAL SERVICES
|Career planning Benefits|
|Coaching and mentoring Benefits|
|Development resources Benefits|
|GED reimbursement Benefits|
|Leadership programs Benefits|
|Recognition programs Benefits|
|Tuition reimbursement Benefits|
DISCOVER FINANCIAL SERVICES offers superb 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 DISCOVER FINANCIAL SERVICES's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: DISCOVER FINANCIAL SERVICES has an extraordinary counseling program for its employees and their family members. Team members are encouraged by DISCOVER FINANCIAL SERVICES to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: DISCOVER FINANCIAL SERVICES cares about its team members' dental health so it offers an extraordinary dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: DISCOVER FINANCIAL SERVICES offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: DISCOVER FINANCIAL SERVICES is aware of the fact that a healthy employee is a productive employee so it offers outstanding health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: DISCOVER FINANCIAL SERVICES has a first-class 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: Aware of the challenges that come with pregnancy, DISCOVER FINANCIAL SERVICES has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: DISCOVER FINANCIAL SERVICES has a good 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. DISCOVER FINANCIAL SERVICES can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: DISCOVER FINANCIAL SERVICES offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
DISCOVER FINANCIAL SERVICES
|Dental Plan Benefits|
|Health Insurance Benefits|
|Health Plan Incentives Benefits|
|Healthcare Spending Accounts Benefits|
|Maternity support program Benefits|
|Vision Plan Benefits|
DISCOVER FINANCIAL SERVICES 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: DISCOVER FINANCIAL SERVICES has a superb 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. DISCOVER FINANCIAL SERVICES 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 superb DISCOVER FINANCIAL SERVICES has Matching program that matches 75% of employees' contributions. Whatever DISCOVER FINANCIAL SERVICES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave DISCOVER FINANCIAL SERVICES. Recognizing that every team member is unique, with specific needs and goals, DISCOVER FINANCIAL SERVICES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: DISCOVER FINANCIAL SERVICES has a top-notch 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 DISCOVER FINANCIAL SERVICES.
- BONUS PAY: DISCOVER FINANCIAL SERVICES offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for DISCOVER FINANCIAL SERVICES, and encourage others to do the same.
- CHILDCARE DISCOUNT: DISCOVER FINANCIAL SERVICES has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: DISCOVER FINANCIAL SERVICES has a good 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: DISCOVER FINANCIAL SERVICES offers a top-notch 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: DISCOVER FINANCIAL SERVICES has an exceptional 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: DISCOVER FINANCIAL SERVICES has a first-class 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: DISCOVER FINANCIAL SERVICES has an impressive 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: DISCOVER FINANCIAL SERVICES does not offer paid volunteer time off.
- PARENTAL LEAVE: DISCOVER FINANCIAL SERVICES has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
DISCOVER FINANCIAL SERVICES
|401(k) plan Benefits|
|Adoption assistance reimbursement Benefits|
|Bonus pay Benefits|
|Childcare discount Benefits|
|Commuter benefit Benefits|
|Daycare flexible spending account Benefits|
|Life insurance Benefits|
|Paid time off Benefits|
|Paid volunteer time off Benefits|
|Parental leave Benefits|
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