This report analyzes and compares CRAVATH SWAINE & MOORE's 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
CRAVATH SWAINE & MOORE has first-class career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the CRAVATH SWAINE & MOORE. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CRAVATH SWAINE & MOORE believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. CRAVATH SWAINE & MOORE has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a good coaching and mentoring program, CRAVATH SWAINE & MOORE can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: CRAVATH SWAINE & MOORE offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: CRAVATH SWAINE & MOORE has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: CRAVATH SWAINE & MOORE is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, CRAVATH SWAINE & MOORE ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: CRAVATH SWAINE & MOORE offers a top-notch Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: CRAVATH SWAINE & MOORE knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to CRAVATH SWAINE & MOORE.
- TUITION REIMBURSEMENT: CRAVATH SWAINE & MOORE realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | CRAVATH SWAINE & MOORE | 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
CRAVATH SWAINE & MOORE offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy CRAVATH SWAINE & MOORE's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CRAVATH SWAINE & MOORE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CRAVATH SWAINE & MOORE implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: CRAVATH SWAINE & MOORE cares about its team members' dental health so it offers an excellent 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: CRAVATH SWAINE & MOORE provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, CRAVATH SWAINE & MOORE offers good health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, CRAVATH SWAINE & MOORE offers a suitable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: CRAVATH SWAINE & MOORE has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: CRAVATH SWAINE & MOORE does not offer telehealth.
- VISION PLAN: CRAVATH SWAINE & MOORE provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | CRAVATH SWAINE & MOORE | 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
CRAVATH SWAINE & MOORE offers top-notch financial benefits for employees and their family members. A top-notch 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: CRAVATH SWAINE & MOORE knows how important it is to think about retirement and start saving on time. That's why it offers a solid 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and CRAVATH SWAINE & MOORE will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, CRAVATH SWAINE & MOORE provides resources which will help team members decide what to do with their 401(k) plan. CRAVATH SWAINE & MOORE offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: CRAVATH SWAINE & MOORE has a superb Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by CRAVATH SWAINE & MOORE.
- BONUS PAY: CRAVATH SWAINE & MOORE offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for CRAVATH SWAINE & MOORE, and encourage others to do the same.
- CHILDCARE DISCOUNT: CRAVATH SWAINE & MOORE has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: CRAVATH SWAINE & MOORE offers excellent commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CRAVATH SWAINE & MOORE offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: CRAVATH SWAINE & MOORE has an impressive 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: CRAVATH SWAINE & MOORE offers a good life insurance policy to its team members for an affordable price. CRAVATH SWAINE & MOORE 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: CRAVATH SWAINE & MOORE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why CRAVATH SWAINE & MOORE has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: CRAVATH SWAINE & MOORE believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why CRAVATH SWAINE & MOORE offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: CRAVATH SWAINE & MOORE has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CRAVATH SWAINE & MOORE | 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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