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

COMPARE FACEBOOK'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

FACEBOOK offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FACEBOOK believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.

  • CAREER PLANNING: FACEBOOK offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, FACEBOOK makes sure that every single team member takes the full advantage of superb career planning programs.
  • COACHING AND MENTORING: FACEBOOK does not offer coaching and mentoring.
  • DEVELOPMENT RESOURCES: FACEBOOK encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, FACEBOOK supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
  • GED REIMBURSEMENT: FACEBOOK has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
  • LEADERSHIP PROGRAMS: FACEBOOK offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by FACEBOOK to grow as leaders and learn how to make tough calls.
  • ONBOARDING: FACEBOOK is aware of the difficulties that new employees might experience when they join the team. That's why FACEBOOK has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
  • RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, FACEBOOK implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
  • TUITION REIMBURSEMENT: FACEBOOK has a good Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
FACEBOOK's career benefits comparison table

Benefit

FACEBOOK

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

FACEBOOK 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 FACEBOOK's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: FACEBOOK does not offer counseling.
  • DENTAL PLAN: FACEBOOK 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: FACEBOOK offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
  • HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, FACEBOOK 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: FACEBOOK offers an extraordinary 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: FACEBOOK offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
  • TELEHEALTH: FACEBOOK has an outstanding 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: FACEBOOK 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.
FACEBOOK's healthcare benefits comparison table

Benefit

FACEBOOK

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

FACEBOOK 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: FACEBOOK 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 FACEBOOK 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, FACEBOOK provides resources which will help team members decide what to do with their 401(k) plan. FACEBOOK offers a suitable vesting schedule with a gradual increase of 25% per year.
  • ADOPTION ASSISTANCE REIMBURSEMENT: FACEBOOK has a superb 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 FACEBOOK.
  • BONUS PAY: FACEBOOK has an excellent bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
  • CHILDCARE DISCOUNT: FACEBOOK offers a great discount for primary childcare to its team members and enables them affordable prices.
  • COMMUTER BENEFIT: FACEBOOK acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: FACEBOOK offers an outstanding 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: FACEBOOK 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: FACEBOOK offers a good life insurance policy to its team members for an affordable price. FACEBOOK 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: FACEBOOK wants for its team members to lead a happy and fulfilled life so it has a good 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: FACEBOOK does not offer paid volunteer time off.
  • PARENTAL LEAVE: FACEBOOK has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
FACEBOOK's financial benefits comparison table

Benefit

FACEBOOK

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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