At First Data, owner-associates have access to a wide variety of benefits including a Paid Parental Leave Program that is gender-neutral and also applies to adoption and foster care. Health Plans are offered through the premier Aon Active Health Exchange™. The Exchange is a private insurance marketplace providing First Data the opportunity to offer owner-associates the ability to select medical coverage from multiple carriers with a wide selection of options at different price points. A third-party recently rated the plan one of the top 10-20 percent in nationwide plans.
Health & Life Benefits
Health Savings Account
Flexible Spending Accounts
Short- and Long-Term Disability
Life and AD&D Insurance
Critical Illness and Accident Insurance
Employee Assistance Program
Legal Assistance Plan
Employee Discount Program
Incentive Savings Plan (ISP)/401(k)
Employee Stock Purchase Plan
Financial Wellness Program
Paid Parental Leave Program
Own It Honors Recognition Program
No 401k match. Overall package is average. Cost is slightly more than i am used to seeing. Support site on intranet is good.
The healthcare is not as competitive as it could be considering that the company doesn't offer 401 K matching. The stock options you get are not the worst, but the company's stock is not worth enough to make these as profitable as a 401 K matching.
Cash compensation is good at hire but progresses below market after that. Health benefits provide choice but are also very expensive. No employer contribution to the 401k. There is a ESPP which allows you to buy stock at a 5% discount which you can sell immediately and pocket the 5% less fees - but there's a limit each year so it only worth maybe $1 or $2k if you work the system.
Offers very good health insurance
Health Benefit costs per paycheck were increasing. No 401k match
No pros about benefits package. VERY expensive.
Vacation started from day 1 and the 401k was acceptable.
There is no 401k match
A normal benefits package, for most aspects, as any Fortune 200 company. Unfortunately, the KKR influence is still strong to push for limiting their expenditure, partially due to the negative impacts of ObamaCare. The removal of the company's 401K match has offput many prospective employees, as the company substituted stock options, which are more risky and not as valuable. The stock values and awards are concentrated on higher-level executives. Normal employees and managers get little value from the stock offers. Time off is frowned upon as the expectation to hit numbers (despite time away) is more important than the employee.
The best is hard to say. The cost was always way more than what it would be for me to be added to the wife’s insurance plan. Also, I did notice that the little incentives we slowly going away; for example the flu shot was now only being offered in certain locations, or the health screening benefit was either reduced or removed. The annual bonus is now being paid 60% with stock at a reduced price. Their hope is that it goes up in value, that really hasn’t happened yet.
List based on reports from current and former employees. It may not be complete.