10 Employee Benefits by Top Companies That Put Real Dollars In Your Pocket
If you really want to accumulate wealth, don’t be fooled by a flashy salary alone. The lifestyle creep that comes with a higher paycheck often means that those who get a raise or higher starting salary don’t actually end up saving much more than they did before. One guaranteed way to increase your net worth? Spend less than you earn.
While this is usually easier said than done, there are more and more companies making it more achievable than ever by offering valuable benefits like 401(k) matching, paid-for health insurance premiums, student-loan debt assistance and more. Below, we’ve rounded up 10 companies with some of the most impressive money-saving benefits out there, all of which are hiring today. Who knows? One of them might just be your key to financial freedom.
Where Hiring: San Antonio; Tampa, Florida; Colorado Springs, Colorado; Phoenix and more
What They Do: USAA is a financial services company providing insurance, banking, investing and other offerings to members of the U.S. military and their families.
Notable Benefit: 401(k) match
The best thing about 401(k) investments? Thanks to compound interest, one small increase in your contributions now can pay off exponentially years later. If you’re hoping to retire in style, there are few better employers to work for than USAA, which offers a dollar-for-dollar match of up to 8% for eligible employees.
Where Hiring: San Francisco; New York City
What They Do: Asana is a software company whose app allows team members to track their projects and collaborate more efficiently.
Notable Benefit: Free breakfast, lunch, dinner and snacks
According to the Bureau of Labor Statistics, the average American household spent $7,203 on food in 2016. But just imagine how much lower that number would be if you didn’t have to pay a dime for breakfast, lunch, dinner or snacks on the days you went into the office. For the lucky employees at Asana, that’s exactly what happens. “Our culinary team provides breakfast, lunch, snacks and dinner daily. Meals are all organic, sustainably farmed and fished, and local when possible. Our skilled chefs and nutrition team thoughtfully plan every menu around meals that keep the Asana team feeling energized, nourished and working at their highest potential,” the company says.
Where Hiring: Boston; McLean, Virginia; Orange, California; Memphis, Tennessee and many more
What They Do: Hilton is one of the world’s largest hospitality companies, with thousands of hotels and resorts located all over the world.
Notable Benefit: Discounted hotel rates
Many companies offer their employees special discounts — but not all company discounts are created equal. At Hilton, employees can slash the costs of their vacations with steeply discounted rates on Hilton hotels and resorts around the world through the Go Hilton program. Prices range from $35 a night at Hampton and Hilton Garden Inn properties to just $75 a night at luxury properties like the Waldorf Astoria and Conrad. Good luck beating those prices on Expedia!
Where Hiring: Boston; Washington; Pittsburgh; Chicago and many more
What They Do: Boston Consulting Group (BCG) is a “Big Three” consulting firm dedicated to providing strategic business guidance to clients.
Notable Benefit: Employer-paid health insurance premiums
For many Americans, health insurance is one of the highest expenses each month, with CNBC reporting that “premiums for individual coverage averaged $321 per month while premiums for family plans averaged $833 per month” in 2016. Luckily, that’s one cost that BCG employees can avoid completely, given that the company offers 100 percent coverage on health care premiums for employees as well as their dependents. To make the deal even sweeter, the average co-pay is $5 or less.
5. InVision App
Where Hiring: Anywhere and everywhere — InVision is a completely remote company.
What They Do: InVision is a software company that helps customers improve their user experiences through its digital product design platform.
Notable Benefit: Working from home
The morning commute isn’t just a drag — it can also be costly. Whether you’re paying for gas, parking or public transit, the average American spends $2,600 per year in commuting expenses, according to a survey commissioned by Citi. Employees at InVision get to pocket that extra cash and skip rush hour — with all of its employees operating remotely on a day-to-day basis (save for the occasional company all-hands or party). “In the United States we have team members throughout 40+ states including New York, San Francisco, Austin, Portland and Boston. Each InVision team member is given the freedom and tools to do their best work from wherever they choose,” the company says.
Where Hiring: New Brunswick, New Jersey; Clearwater, Florida; Atlanta; Cincinnati and more
What They Do: Johnson & Johnson is a health care company made up of three distinct business segments: consumer, medical devices and pharmaceutical.
Notable Benefit: Onsite childcare
In nearly half of two-parent households, both parents work full-time, says the Pew Research Center. This makes child care a necessity for many families, and the cost can be burdensome. In fact, a third of families spend at least 20 percent of their annual income on child care. One employer doing its part to tackle this problem is Johnson & Johnson, which offers on-site child care centers in its New Brunswick headquarters and several other offices around the world, as well as child care discounts in six different countries.
Where Hiring: Seattle; Washington
What They Do: The Bill & Melinda Gates Foundation is a charitable organization that works to reduce inequity around the world.
Notable Benefit: Fertility treatments
Johnson & Johnson isn’t the only family-oriented employer out there. The Bill & Melinda Gates Foundation offers employees incredibly generous fertility benefits: free treatments up to $100,000. Employees don’t even need an infertility diagnosis to access this benefit, allowing single mothers and LGBTQ families to take advantage of the perk as well.
Where Hiring: San Francisco; Helena, Montana; Cottonwood Heights, Utah; Claymont, Delaware and more
What They Do: SoFi is a finance company that offers student loan refinancing, mortgages, loans and more.
Notable Benefit: Student loan debt repayment
Given that SoFi began as a student loan refinancing company, it might come as no surprise that they offer employees assistance with student loan debt. And with almost 37 percent of U.S. adults carrying student loan debt at an average of $17,000 per person, it’s a perk that’s sorely needed. Work at SoFi, and the load can be considerably lightened — SoFi provides up to $200 per month in student loan debt assistance, with no yearly cap.
Where Hiring: Seattle; Danbury, Connecticut; Saint Paul, Minnesota;; Albuquerque, New Mexico and many more
What They Do: Starbucks is a café chain and coffee company with tens of thousands of locations around the world.
Notable Benefit: College tuition assistance
It’s one thing to help employees pay off their student loan debt — it’s another to help them avoid it entirely. Since 2015, Starbucks has offered to pay full tuition for an online Bachelor’s degree from Arizona State University, an estimated cost savings of about $15,000 per year as of 2015. Any benefits-eligible employee without a four-year degree (full- or part-time) can take advantage of the perk. Considering that people with bachelor’s degrees command about $20,000 more per year than those with high school diplomas, this is a benefit that could seriously boost your lifetime earnings potential.
Where Hiring: Seattle; Dallas; Naples, Florida
What They Do: Trupanion provides health insurance for cats and dogs.
Notable Benefit: Pet care and pet insurance
A bag of kibble here and a chew toy there might not seem like much at the time, but the costs associated with caring for your pet definitely add up — especially if they encounter any medical issues. All told, pet owners divert about $126.19 each month towards pet-related expenses. For the animal-loving employees at Trupanion, that cost is offset in part by the ability to bring pets to work (no more paying for doggy day care), a free insurance policy for one pet and a free, in-house dog walker.
Emily Moore is a Senior Staff Writer for Glassdoor, one of the world’s largest job and recruiting sites. Glassdoor combines millions of jobs with valuable data to make it easy for people to find a job that fits their life while also helping employers hire quality talent.