June 1, 2020

Health Care Benefits of Top Technology Employers

Health care Benefits of Top Technology Employers

In today’s time and work environment, salary is not the only parameter that employees look for in a job. If you are an employer, you may want to know what are some of the benefits that employees look for apart from their reimbursement, when identifying a job opportunity.

There are many benefits that are given in addition to the basic salary. Many companies offer health benefits, flexible work culture with flexible work timings, parental benefits, and much more in order to attract and retain the best talent.

Here is a list of some of the biggest technology employers and their health and employee benefits and perks.

Read More: How Can AI-Powered Tools Boost Wellness at The Workplace?

Flipkart

Flipkart is an Indian e-commerce website founded in 2007 by Sachin Bansal and Binny Bansal. The company’s headquarters are in Bengaluru, India. Flipkart is a home grown e-commerce giant in India. In 2018, 77% of the stake in Flipkart was bought by Walmart for US$16 billion that pegged the company valuation at US$20 billion. Being a tech-giant, Flipkart offers unmatched benefits to its employees.

  • Medical insurance:
    • Members covered include self, spouse, children, parents, parents-in-law (maximum of 5 dependents)
    • Base coverage of Rs. 3 Lacs can be increased
    • Can be continued after leaving the company by paying a premium
    • No waiting period for claim settlement
    • Pre-existing disease covered
  • Accident Cover
    • Basic sum five times of annual CTC
    • Only for the employee
  • Maternity leave
    • Six months paid
    • Extra 4 months of flexible hours
    • Travel reimbursement for two months before going on maternity leave
    • Assured parking spot
    • Maternity claim for delivery (Rs. 65,000 for normal, Rs. 80,000 for a c-section)
    • Gift box and baby shower
    • Day-care for kids up to 4 years of age
  • Paternity leave
    • 15 days paid leave
    • 3 months of unpaid leave
    • 3 months of flexible hours
    • Maternity claim for delivery (Rs. 65,000 for normal, Rs. 80,000 for a c-section)
    • Daycare for kids up to 4 years of age
  • 12 days sick leave
  • 5 days of marriage leave
  • The employee can take a career break for example, for higher studies, after working for 2 years at the company
  • Counseling
  • Quarterly health check-ups; Biannual vaccination camps
  • Onsite medical assistance
  • Gym
  • Relocation benefits
    • Travel reimbursement for family
    • Local accommodation for 15 days
    • Company car with driver for 30 days
  • Retirement plan

Google India

Google, the internet giant, is popular among employees for its fun work culture and vibrant office buildings. The organization takes care of the employees so that they get the right environment for their growth. Here are the health and other benefits at Google India.

  • Maternity leave – paid
    • 18-22 weeks
  • Paternity leave – paid
    • 7 weeks
  • Health insurance
    • Dental
    • Vision
    • Covers dependents
  • Relocation assistance
  • Daycare
    • Subsidized for 10 days
    • Unsubsidized further
  • Fitness club membership and vouchers
  • Retirement plan
  • Sick leave
    • 7 days paid
  • Vacation leave
  • Education reimbursement
  • Disability allowance
  • Gym with a private instructor
  • Travel reimbursement
  • Fun work culture
    • Parties
    • Holidays

Amazon

Amazon is an e-commerce giant and is one of the two biggest players in the industry. Amazon India has its headquarters in Hyderabad, which is the company’s largest campus in the world at one single location. Amazon offers these benefits to its employees.

  • Health insurance
    • Covers dependents
    • Dental
    • Vision
    • Prescription drugs
  • Maternity leave
    • 5 months paid
    • 8 week flexible and reduced hours
  • Paternity leave
    • 6 weeks paid
    • 8 weeks flexible work hours
  • Day care
  • Child adoption assistance
    • 8 weeks flexible hours
  • Basic life insurance
  • Accident/disability insurance
    • Only for the employee
  • Disability income protection
  • Relocation assistance
  • Retirement plan
  • Sick leave
  • Vacation
  • Phone bill reimbursement
  • Travel allowance
  • Education costs reimbursement
    • Amazon pays 95% of the tuition fee up to US$12,000 for 4 years
  • Counselling and therapy
    • Online clinical coaching
  • Fun work culture
    • Events
    • Entertainment
  • Vouchers and discounts for entertainment, travel, fitness programs

Microsoft

Microsoft is one of the oldest tech companies but also one possessing the largest impact. Microsoft was founded in 1975 by Bill Gates and Paul Allen. The company is engaged in the production of some of the most widely used technology products like Windows OS, MS Office, Xbox gaming, Bing search engine for consumers and software like Azure cloud, Visual basic, etc. for corporations. Microsoft is ranked at number 30 in the Fortune 500 list of companies globally. The employee benefits at Microsoft are some of the best in the industry.

  • Health insurance
    • Dental
    • Vision
    • Prescription drugs
    • No premium by the employee
    • Covers dependents
  • On-site medical assistance available at certain office campus
  • Maternity leave
    • 6 months paid
    • Can be extended up to 9 months
  • Paternity leave
    • 6 weeks paid
  • Adoption assistance
    • 6 weeks paid leave for both parents
  • 24-hour health insurance assistance
  • Fitness and wellness program reimbursement up to $800 annually
  • Counseling
    • Family
    • Personal
    • Educational guidance
    • Financial planning
  • Retirement benefits
    • The company matches 50% of employee contributions
  • Sick leave
    • 10 days paid
  • Vacation leave
    • 15 days paid
  • Caregiver leave
    • 4 weeks paid
    • For caring for an immediate family member with a serious health condition
  • Employee stock purchase
    • 10% off of the stock price
  • Social clubs to encourage employee engagement
  • Travel facilities
    • Shuttle service
    • Transit pass at a subsidized rate
  • Electric vehicle charging stations
  • Education assistance for employees
    • For course beneficial to the company
  • Microsoft matches 100% the charity donations of employees

Read More: Corporate Social Responsibility: Are you Being Responsible Enough?

RMSI

RMSI is an IT company providing solutions to businesses globally. RMSI has been consistently ranked as one of the best companies to work in India for many years. This is due to their flexible work culture, employee relations pronounced through mentoring and counselling, skill development, and a multi-cultural work environment promoting mutual respect and co-operation. RMSI provides the following benefits to its employees.

  • Health insurance
    • Covers dependents
  • Maternity/Paternity leave
    • Work from home
    • Flexible work hours
    • Fertility assistance
  • Lifestyle assessment
  • Regular medical check-ups
    • Medical
    • Dental
    • Vision
  • Health management workshops
    • Lifestyle
    • Stress management
    • Sports
    • Meditation and yoga
    • Physiotherapy
    • Zumba
  • Women-centric
    • Self-defence workshops
    • Tai chi
    • Awareness spread
    • Career break
  • Retirement plan

SAP Labs India

SAP Labs India is one of the most popular recruiters at colleges like the IITs (Indian Institute of Technology) due to their flexible work culture, gender diversity, healthcare benefits, and career growth prospects.

  • Health insurance
    • Covers dependents
  • maternity leave
    • 6 months paid
    • Extra 6 months unpaid
    • Or, 3 months at 50% work and salary
    • Cab facility for 2 months
  • Paternity leave
    • 3 weeks paid
  • Work from home
    • Once a week
  • Flexible working hours
  • Common fund for helping employees financially at a small monthly fee
  • Shuttle service
  • Food
    • Healthy
    • 3 meals free
    • Breakfast subsidized
  • Career Break
    • 2 years
    • After working for 2 years

 Intuit India

Intuit India is one of the largest IT companies in India. It also is one of the best companies to work for women because of their women-centric policies and activities. The company is one of the most gender-diverse companies in India as well as the world. Here are the employee benefits at Intuit India: –

  • Medical insurance
    • Cover of 5 lakhs (INR 500,000)
    • Covers dependents
    • No premium to be paid by the employee
    • Choice of larger medical cover up to 10 lakhs (INR 10,00,000)
  • Health check-ups – regular
  • Maternity leaves
    • 26 weeks paid
    • Dedicated parking spot
    • Company vehicle
  • Paternity leaves
    • 15 days paid
  • Adoption assistance
    • 26 weeks paid leave
    • 50,000 allowance
  • Day-care at subsidized rates
  • Retirement plan
  • Internet and mobile plans reimbursement
    • up to Rs. 2000

Facebook – Menlo Park

Facebook is a social media giant, that is also the parent company of Instagram and WhatsApp, two of the biggest social apps other than Facebook itself. This makes Facebook one of the largest tech companies in the world. Founded by Harvard students Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, who were roommates, in 2004, Facebook offers one of the most generous benefits programs to its employees.

  • Medical insurance
    • HMO, EPO, and PPO
    • vision
    • dental
  • Life insurance
    • Employee only
    • spouse and children’s life insurance can also be availed
  • Medical care for the whole family
    • on-site medical assistance
  • Maternal leave
    • 6-8 weeks paid leave for a c-section delivery
    • 4 weeks paid leave before delivery
    • 4 months for all deliveries paid leave
    • $4000 child benefit
  • Adoption leave
    • 4 months paid
  • Fertility assistance
  • work from home / flexible work schedule/ remote work
    • with permission
  • Retirement plan
    • 401(k) with 100%match
  • Childcare
    • $3,000 annually for a child up to 5 years of age
  • Subsidized day care
  • Unlimited sick leave for valid reasons
  • Disability allowance
    • 100% pay for week 1-17
    • 75% pay for week 18-26
  • phone bills reimbursement
  • military leave
  • Bereavement leave
    • for 20 days
  • Caretaking leave
    • 6 weeks for an immediate family member for serious health conditions
    • paid leave
    • 3 days for a sick child
  • Tax assistance

As the competition in the tech-space intensifies, it can be expected that in the coming years, better benefits are in store for employees of top tech companies globally.

Read More: Coronavirus at Work: What Happens If Your Boss Won’t Let You Come In?

Previous «
Next »
TecHR Series Staff

TecHRseries Staff Desk represents the Editorial Desk at TecHRseries

Leave a Reply

Your email address will not be published. Required fields are marked *