Corporations across the globe are offering employees more than the standard benefits to attract prospective employees. From on sight child care to acupuncture, businesses are upping the ante. Microsoft competitively offers employees health insurance, 401k retirement plans, and has one of the best benefits plans offered to employees.
Generous Maternity and Paternity Benefits
Microsoft recognizes that welcoming a new life into the world takes a lot out of new parents. Not only do they offer both maternity and paternity leave, it’s paid. According to Business Insider, Microsoft ranks this benefit at 10 out 0f 18 of the Best Perks at Top Employers, but the support Microsoft gives employs in begins with fertility assistance and includes adoption assistance.
Family Friendly Benefits
Microsoft offers some unique benefits that are centered on the preservation of the family. These Family Friendly benefits include: childcare, dependent care, military leave, family medical leave, extended unpaid leave of absence, flexible hours, and work from home. All of the benefits offered to Microsoft employees under their Family and Parenting categories are constructed to help make life a little easier when it comes to raising a family. Microsoft is interested in helping communities and works with employees to find local charities to support.
Tuition Reimbursement and Free Job Training
Microsoft values education and offers both tuition reimbursement and over 2000 internal training programs, some of which are offered online, virtually or in classrooms. Students taking undergraduate or graduate business related coursework qualify for tuition reimbursement. Microsoft supports employees in their endeavors to advance in the company and provides the tools they need to do it. Many companies understand how important continued education is and suggest employees train to gain complete mastery of Microsoft.
Superior Health and Wellness Plan
Not only are Microsoft employees offered fantastic health insurance, they also have a wellness plan. Dental, vision, and mental health are all covered under the plan. In addition, employees have health care on site, a very rare benefit. If the employee is feeling ill, help is in the building. Employees also have access to FSA, or a flexible spending account, and HSA, health savings account. Microsoft is the first corporation to offer a benefit for autism therapy. Additionally, employees are covered by accidental death and dismemberment insurance, disability insurance, life insurance, occupation accident insurance, and life insurance.
Microsoft Pay Rate Ranked 18th by Employees
Ranked 18th by its own employees, Business Insider reports that the average salary for Software Development Engineers is $109,375.00 and $107,364.00 for Program Managers. Not only does Microsoft offer competitive salary compensation, they also offer a financial plan, including a 401k, charitable contributions, stock options, performance bonus, employee stock purchase plan and retirement plan. Microsoft employees are better able to prepare for the financial futures with all the tools Microsoft offers.
With so many outstanding benefits available to their employees, Microsoft has no shortage of applicants. Competition for job placement is fierce and those who do land a career at Microsoft tend to stay as the benefits package offered by Microsoft is one of the best around. Aiming for a career at Microsoft is rewarded by benefits that guarantee the employee will be well taken care of.