This report analyzes and compares SCHLUMBERGER LIMITED's employee health insurance and employee benefits with its industry and in Texas 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
SCHLUMBERGER LIMITED has superior 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 SCHLUMBERGER LIMITED. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SCHLUMBERGER LIMITED 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. SCHLUMBERGER LIMITED has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SCHLUMBERGER LIMITED offers remarkable coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: SCHLUMBERGER LIMITED offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SCHLUMBERGER LIMITED has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: SCHLUMBERGER LIMITED offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by SCHLUMBERGER LIMITED to grow as leaders and learn how to make tough calls.
- ONBOARDING: SCHLUMBERGER LIMITED is aware of the difficulties that new employees might experience when they join the team. That's why SCHLUMBERGER LIMITED has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: SCHLUMBERGER LIMITED has a first-class 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: SCHLUMBERGER LIMITED 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 | SCHLUMBERGER LIMITED | Industry | Texas |
|---|---|---|---|
| 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
SCHLUMBERGER LIMITED 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 SCHLUMBERGER LIMITED's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SCHLUMBERGER LIMITED wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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: SCHLUMBERGER LIMITED cares about its team members' dental health so it offers an exceptional 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: SCHLUMBERGER LIMITED offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SCHLUMBERGER LIMITED does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: SCHLUMBERGER LIMITED has a superb 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, SCHLUMBERGER LIMITED has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: SCHLUMBERGER LIMITED has a solid 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. SCHLUMBERGER LIMITED can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: SCHLUMBERGER LIMITED offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | SCHLUMBERGER LIMITED | Industry | Texas |
|---|---|---|---|
| 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
SCHLUMBERGER LIMITED offers first-class financial benefits for employees and their family members. A first-class 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: SCHLUMBERGER LIMITED knows how important it is to think about retirement and start saving on time. That's why it offers a solid 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 SCHLUMBERGER LIMITED 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, SCHLUMBERGER LIMITED provides resources which will help team members decide what to do with their 401(k) plan. SCHLUMBERGER LIMITED offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: SCHLUMBERGER LIMITED has an outstanding Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: SCHLUMBERGER LIMITED offers superior bonuses to team members who excel in their field of work, provide extraordinary results for SCHLUMBERGER LIMITED, and encourage others to do the same.
- CHILDCARE DISCOUNT: SCHLUMBERGER LIMITED does not offer childcare discount.
- COMMUTER BENEFIT: SCHLUMBERGER LIMITED offers outstanding 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: SCHLUMBERGER LIMITED offers an impressive 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: SCHLUMBERGER LIMITED has a suitable 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 suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: SCHLUMBERGER LIMITED offers a solid life insurance policy to its team members for an affordable price. SCHLUMBERGER LIMITED 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: SCHLUMBERGER LIMITED wants for its team members to lead a happy and fulfilled life so it has a valuable 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: SCHLUMBERGER LIMITED does not offer paid volunteer time off.
- PARENTAL LEAVE: SCHLUMBERGER LIMITED has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SCHLUMBERGER LIMITED | Industry | Texas |
|---|---|---|---|
| 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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