This report analyzes and compares WASHINGTON MUTUAL's employee health insurance and employee benefits with its industry and in California 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
WASHINGTON MUTUAL 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 WASHINGTON MUTUAL. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: WASHINGTON MUTUAL offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, WASHINGTON MUTUAL makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, WASHINGTON MUTUAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: WASHINGTON MUTUAL encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, WASHINGTON MUTUAL 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: WASHINGTON MUTUAL has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: WASHINGTON MUTUAL is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, WASHINGTON MUTUAL ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: WASHINGTON MUTUAL is aware of the difficulties that new employees might experience when they join the team. That's why WASHINGTON MUTUAL has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: WASHINGTON MUTUAL 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: WASHINGTON MUTUAL realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | WASHINGTON MUTUAL | 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
WASHINGTON MUTUAL offers remarkable 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 WASHINGTON MUTUAL's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WASHINGTON MUTUAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why WASHINGTON MUTUAL implemented a valuable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at WASHINGTON MUTUAL 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. WASHINGTON MUTUAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: WASHINGTON MUTUAL provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: WASHINGTON MUTUAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: WASHINGTON MUTUAL has a top-notch 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: WASHINGTON MUTUAL offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: WASHINGTON MUTUAL has a great 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. WASHINGTON MUTUAL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: WASHINGTON MUTUAL provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | WASHINGTON MUTUAL | 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
WASHINGTON MUTUAL 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: WASHINGTON MUTUAL 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. WASHINGTON MUTUAL 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 WASHINGTON MUTUAL has Matching program that matches 75% of employees' contributions. Whatever WASHINGTON MUTUAL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave WASHINGTON MUTUAL. Recognizing that every team member is unique, with specific needs and goals, WASHINGTON MUTUAL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: WASHINGTON MUTUAL has a superior 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 WASHINGTON MUTUAL.
- BONUS PAY: WASHINGTON MUTUAL has an outstanding 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: WASHINGTON MUTUAL cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: WASHINGTON MUTUAL has a valuable 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: WASHINGTON MUTUAL 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: WASHINGTON MUTUAL offers a remarkable 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: WASHINGTON MUTUAL has a top-notch 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: WASHINGTON MUTUAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why WASHINGTON MUTUAL has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: WASHINGTON MUTUAL recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by WASHINGTON MUTUAL, on volunteer work of their choice.
- PARENTAL LEAVE: WASHINGTON MUTUAL has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WASHINGTON MUTUAL | 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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