This report analyzes and compares SIMPSON THACHER & BARTLETT'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
SIMPSON THACHER & BARTLETT has remarkable 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 SIMPSON THACHER & BARTLETT. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SIMPSON THACHER & BARTLETT offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, SIMPSON THACHER & BARTLETT makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: SIMPSON THACHER & BARTLETT does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: SIMPSON THACHER & BARTLETT offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SIMPSON THACHER & BARTLETT has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SIMPSON THACHER & BARTLETT believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that SIMPSON THACHER & BARTLETT provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: SIMPSON THACHER & BARTLETT does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, SIMPSON THACHER & BARTLETT implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: SIMPSON THACHER & BARTLETT realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | SIMPSON THACHER & BARTLETT | 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
SIMPSON THACHER & BARTLETT has suitable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers suitable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a suitable healthcare spending account at their disposal.
- COUNSELING: SIMPSON THACHER & BARTLETT does not offer counseling.
- DENTAL PLAN: SIMPSON THACHER & BARTLETT offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: SIMPSON THACHER & BARTLETT offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, SIMPSON THACHER & BARTLETT offers valuable 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, SIMPSON THACHER & BARTLETT offers a solid 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: SIMPSON THACHER & BARTLETT has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: SIMPSON THACHER & BARTLETT has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. SIMPSON THACHER & BARTLETT covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: SIMPSON THACHER & BARTLETT has an excellent 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 | SIMPSON THACHER & BARTLETT | 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
SIMPSON THACHER & BARTLETT offers remarkable financial benefits for employees and their family members. A remarkable 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: SIMPSON THACHER & BARTLETT has an exceptional 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, SIMPSON THACHER & BARTLETT offers an exceptional program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, SIMPSON THACHER & BARTLETT offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: SIMPSON THACHER & BARTLETT does not offer adoption assistance reimbursement.
- BONUS PAY: SIMPSON THACHER & BARTLETT has a suitable 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: SIMPSON THACHER & BARTLETT cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: SIMPSON THACHER & BARTLETT acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SIMPSON THACHER & BARTLETT offers a remarkable daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: SIMPSON THACHER & BARTLETT offers a remarkable 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: SIMPSON THACHER & BARTLETT offers a suitable life insurance policy to its team members for an affordable price. SIMPSON THACHER & BARTLETT 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: SIMPSON THACHER & BARTLETT wants for its team members to lead a happy and fulfilled life so it has a solid vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: SIMPSON THACHER & BARTLETT believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why SIMPSON THACHER & BARTLETT offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: SIMPSON THACHER & BARTLETT has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SIMPSON THACHER & BARTLETT | 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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