This report analyzes and compares FULTON FINANCIAL's employee health insurance and employee benefits with its industry and in Pennsylvania 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
FULTON FINANCIAL has superb 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 FULTON FINANCIAL. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: FULTON FINANCIAL believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. FULTON FINANCIAL has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: FULTON FINANCIAL believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: FULTON FINANCIAL encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, FULTON FINANCIAL supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: FULTON FINANCIAL has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: FULTON FINANCIAL offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by FULTON FINANCIAL to grow as leaders and learn how to make tough calls.
- ONBOARDING: FULTON FINANCIAL is aware of the difficulties that new employees might experience when they join the team. That's why FULTON FINANCIAL has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: FULTON FINANCIAL has a superb 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: FULTON FINANCIAL realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | FULTON FINANCIAL | Industry | Pennsylvania |
|---|---|---|---|
| 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
FULTON FINANCIAL offers superior 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 FULTON FINANCIAL's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FULTON FINANCIAL has an exceptional counseling program for its employees and their family members. Team members are encouraged by FULTON FINANCIAL 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 exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at FULTON FINANCIAL 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. FULTON FINANCIAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: FULTON FINANCIAL 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: FULTON FINANCIAL offers its team members first-class 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. FULTON FINANCIAL provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, FULTON FINANCIAL offers a great healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: FULTON FINANCIAL has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: FULTON FINANCIAL has an exceptional 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: FULTON FINANCIAL offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | FULTON FINANCIAL | Industry | Pennsylvania |
|---|---|---|---|
| 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
Team members enjoy valuable financial benefits at FULTON FINANCIAL. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. FULTON FINANCIAL offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect FULTON FINANCIAL to partially cover the expenses.
- 401(K) PLAN: FULTON FINANCIAL does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FULTON FINANCIAL 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: FULTON FINANCIAL offers superior bonuses to team members who excel in their field of work, provide extraordinary results for FULTON FINANCIAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: FULTON FINANCIAL has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: FULTON FINANCIAL 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: FULTON FINANCIAL has a solid 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: FULTON FINANCIAL has a great disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: FULTON FINANCIAL 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: FULTON FINANCIAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why FULTON FINANCIAL has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: FULTON FINANCIAL recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by FULTON FINANCIAL, on volunteer work of their choice.
- PARENTAL LEAVE: FULTON FINANCIAL has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FULTON FINANCIAL | Industry | Pennsylvania |
|---|---|---|---|
| 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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