This report analyzes and compares WESTERN UNION BUSINESS SOLUTIONS' employee health insurance and employee benefits with its industry and in New York 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
WESTERN UNION BUSINESS SOLUTIONS offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. WESTERN UNION BUSINESS SOLUTIONS believes that every employee has a valuable set of skills so it helps them plan their careers with valuable developmental resources and mentorships.
- CAREER PLANNING: WESTERN UNION BUSINESS SOLUTIONS 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. WESTERN UNION BUSINESS SOLUTIONS has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: WESTERN UNION BUSINESS SOLUTIONS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: WESTERN UNION BUSINESS SOLUTIONS encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, WESTERN UNION BUSINESS SOLUTIONS supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: WESTERN UNION BUSINESS SOLUTIONS has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: WESTERN UNION BUSINESS SOLUTIONS is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, WESTERN UNION BUSINESS SOLUTIONS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: WESTERN UNION BUSINESS SOLUTIONS is aware of the difficulties that new employees might experience when they join the team. That's why WESTERN UNION BUSINESS SOLUTIONS 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, WESTERN UNION BUSINESS SOLUTIONS implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WESTERN UNION BUSINESS SOLUTIONS does not offer tuition reimbursement.
Benefit | WESTERN UNION BUSINESS SOLUTIONS | Industry | New York |
|---|---|---|---|
| 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
WESTERN UNION BUSINESS SOLUTIONS has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: WESTERN UNION BUSINESS SOLUTIONS does not offer counseling.
- DENTAL PLAN: WESTERN UNION BUSINESS SOLUTIONS cares about its team members' dental health so it offers an outstanding 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: WESTERN UNION BUSINESS SOLUTIONS offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: WESTERN UNION BUSINESS SOLUTIONS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: WESTERN UNION BUSINESS SOLUTIONS offers an exceptional 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: Aware of the challenges that come with pregnancy, WESTERN UNION BUSINESS SOLUTIONS has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: WESTERN UNION BUSINESS SOLUTIONS does not offer telehealth.
- VISION PLAN: WESTERN UNION BUSINESS SOLUTIONS 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 | WESTERN UNION BUSINESS SOLUTIONS | Industry | New York |
|---|---|---|---|
| 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
WESTERN UNION BUSINESS SOLUTIONS 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: WESTERN UNION BUSINESS SOLUTIONS has a first-class 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. WESTERN UNION BUSINESS SOLUTIONS 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 first-class WESTERN UNION BUSINESS SOLUTIONS has Matching program that matches 75% of employees' contributions. Whatever WESTERN UNION BUSINESS SOLUTIONS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave WESTERN UNION BUSINESS SOLUTIONS. Recognizing that every team member is unique, with specific needs and goals, WESTERN UNION BUSINESS SOLUTIONS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: WESTERN UNION BUSINESS SOLUTIONS does not offer adoption assistance reimbursement.
- BONUS PAY: WESTERN UNION BUSINESS SOLUTIONS offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for WESTERN UNION BUSINESS SOLUTIONS, and encourage others to do the same.
- CHILDCARE DISCOUNT: WESTERN UNION BUSINESS SOLUTIONS has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: WESTERN UNION BUSINESS SOLUTIONS acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: WESTERN UNION BUSINESS SOLUTIONS offers a remarkable 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: WESTERN UNION BUSINESS SOLUTIONS 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: WESTERN UNION BUSINESS SOLUTIONS offers a great life insurance policy to its team members for an affordable price. WESTERN UNION BUSINESS SOLUTIONS 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: WESTERN UNION BUSINESS SOLUTIONS 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: WESTERN UNION BUSINESS SOLUTIONS does not offer paid volunteer time off.
- PARENTAL LEAVE: WESTERN UNION BUSINESS SOLUTIONS has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WESTERN UNION BUSINESS SOLUTIONS | Industry | New York |
|---|---|---|---|
| 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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