This report analyzes and compares OCWEN FINANCIAL CORPORATION's employee health insurance and employee benefits with its industry and in Florida 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
OCWEN FINANCIAL CORPORATION has superior 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 OCWEN FINANCIAL CORPORATION. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: OCWEN FINANCIAL CORPORATION continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that OCWEN FINANCIAL CORPORATION uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: OCWEN FINANCIAL CORPORATION does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows OCWEN FINANCIAL CORPORATION to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: OCWEN FINANCIAL CORPORATION has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: OCWEN FINANCIAL CORPORATION offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by OCWEN FINANCIAL CORPORATION to grow as leaders and learn how to make tough calls.
- ONBOARDING: OCWEN FINANCIAL CORPORATION is aware of the difficulties that new employees might experience when they join the team. That's why OCWEN FINANCIAL CORPORATION has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, OCWEN FINANCIAL CORPORATION implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: OCWEN FINANCIAL CORPORATION has a solid Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | OCWEN FINANCIAL CORPORATION | Industry | Florida |
|---|---|---|---|
| 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
OCWEN FINANCIAL CORPORATION offers superior 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 OCWEN FINANCIAL CORPORATION's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: OCWEN FINANCIAL CORPORATION does not offer counseling.
- DENTAL PLAN: Team members at OCWEN FINANCIAL CORPORATION have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. OCWEN FINANCIAL CORPORATION partially pays for dentures and braces as well.
- HEALTH INSURANCE: OCWEN FINANCIAL CORPORATION offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: OCWEN FINANCIAL CORPORATION offers its team members first-class health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. OCWEN FINANCIAL CORPORATION provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: OCWEN FINANCIAL CORPORATION offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: OCWEN FINANCIAL CORPORATION offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: OCWEN FINANCIAL CORPORATION does not offer telehealth.
- VISION PLAN: OCWEN FINANCIAL CORPORATION has an exceptional Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | OCWEN FINANCIAL CORPORATION | Industry | Florida |
|---|---|---|---|
| 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
Team members enjoy good financial benefits at OCWEN FINANCIAL CORPORATION. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. OCWEN FINANCIAL CORPORATION offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect OCWEN FINANCIAL CORPORATION to partially cover the expenses.
- 401(K) PLAN: OCWEN FINANCIAL CORPORATION does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: OCWEN FINANCIAL CORPORATION does not offer adoption assistance reimbursement.
- BONUS PAY: OCWEN FINANCIAL CORPORATION has a good bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: OCWEN FINANCIAL CORPORATION does not offer childcare discount.
- COMMUTER BENEFIT: OCWEN FINANCIAL CORPORATION has a solid commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: OCWEN FINANCIAL CORPORATION has a solid daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: OCWEN FINANCIAL CORPORATION offers a superb short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: OCWEN FINANCIAL CORPORATION has a remarkable life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: OCWEN FINANCIAL CORPORATION realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why OCWEN FINANCIAL CORPORATION has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: OCWEN FINANCIAL CORPORATION believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why OCWEN FINANCIAL CORPORATION offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: OCWEN FINANCIAL CORPORATION has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | OCWEN FINANCIAL CORPORATION | Industry | Florida |
|---|---|---|---|
| 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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