This report analyzes and compares WATSON PHARMACEUTICALS' employee health insurance and employee benefits with its industry and in California 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
WATSON PHARMACEUTICALS has top-notch 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 WATSON PHARMACEUTICALS. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: WATSON PHARMACEUTICALS offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, WATSON PHARMACEUTICALS makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: WATSON PHARMACEUTICALS offers remarkable coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: WATSON PHARMACEUTICALS offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: WATSON PHARMACEUTICALS has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: WATSON PHARMACEUTICALS believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that WATSON PHARMACEUTICALS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: WATSON PHARMACEUTICALS is aware of the difficulties that new employees might experience when they join the team. That's why WATSON PHARMACEUTICALS has a great 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, WATSON PHARMACEUTICALS implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WATSON PHARMACEUTICALS 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 | WATSON PHARMACEUTICALS | Industry | California |
|---|---|---|---|
| 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
WATSON PHARMACEUTICALS provides exceptional health benefits to enable team members and their families to have the best healthcare available, including telehealth services and consultations with various health professionals. Whether it's a fully covered dental plan or an exceptional maternity support program, employees can rest assure that their health needs are fully met.
- COUNSELING: WATSON PHARMACEUTICALS has an excellent counseling program for its employees and their family members. Team members are encouraged by WATSON PHARMACEUTICALS to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: WATSON PHARMACEUTICALS cares about its team members' dental health so it offers an extraordinary 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: WATSON PHARMACEUTICALS provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: WATSON PHARMACEUTICALS offers its team members top-notch 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. WATSON PHARMACEUTICALS provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: WATSON PHARMACEUTICALS has a superb healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: WATSON PHARMACEUTICALS offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: WATSON PHARMACEUTICALS has an excellent telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: WATSON PHARMACEUTICALS 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 | WATSON PHARMACEUTICALS | Industry | California |
|---|---|---|---|
| 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
WATSON PHARMACEUTICALS offers superb financial benefits for employees and their family members. A superb 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: WATSON PHARMACEUTICALS has an excellent 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, WATSON PHARMACEUTICALS offers an excellent 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, WATSON PHARMACEUTICALS offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: WATSON PHARMACEUTICALS does not offer adoption assistance reimbursement.
- BONUS PAY: WATSON PHARMACEUTICALS offers superb bonuses to team members who excel in their field of work, provide extraordinary results for WATSON PHARMACEUTICALS, and encourage others to do the same.
- CHILDCARE DISCOUNT: WATSON PHARMACEUTICALS does not offer childcare discount.
- COMMUTER BENEFIT: WATSON PHARMACEUTICALS has a good 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: WATSON PHARMACEUTICALS offers an outstanding 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: WATSON PHARMACEUTICALS offers a superior 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: WATSON PHARMACEUTICALS has a top-notch 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: WATSON PHARMACEUTICALS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why WATSON PHARMACEUTICALS has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: WATSON PHARMACEUTICALS has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, WATSON PHARMACEUTICALS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: WATSON PHARMACEUTICALS has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WATSON PHARMACEUTICALS | Industry | California |
|---|---|---|---|
| 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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