- 1 Wells Fargo Employee Benefits and Perks 2020
- 2 Employee Benefits at Wells Fargo
- 2.1 Health plans – Wells Fargo Health Benefits
- 2.2 Well-being and Wellness programs
- 2.3 Parental and Critical Caregiving Leaves
- 2.4 Wells Fargo 401(k) Plan
- 2.5 Paid time off – Wells Fargo Vacation Policy
- 2.6 Discounts & savings
- 2.7 Education Benefits at Wells Fargo
- 2.8 Employee Assistance Program (EAP)
- 2.9 Adoption reimbursement
- 2.10 Career Development Programs
- 2.11 Commuter benefits
- 3 Best Employee Benefits At Wells Fargo
Wells Fargo Employee Benefits and Perks 2020
Wells Fargo cares about the health, well-being, and financial wellness of their employees. To promote healthy lifestyles helping employees build financial wellness, Wells Fargo offers a range of comprehensive Wells Fargo Employee Benefits programs.
Wells Fargo Employee Benefits are designed specially to take care of employee’s total well-being: physical, mental, financial, and social.
From compensation and benefits to wellness and on-site childcare, Wells Fargo aims to support commitment to the job as well as priorities and interests outside of work.
Wells Fargo Employee Discounts are also offered to help employees to be productive and happy at work and at home.
So, if you’re looking for a job at Wells Fargo or working with the bank, read below what employee benefits at Wells Fargo, you can enjoy as a full-time or part-time employee.
Employee Benefits at Wells Fargo
Wells Fargo & Company is an American multinational financial services company based in San Francisco, California having managerial offices throughout the United States and overseas.
Wells Fargo committed to providing a range of comprehensive benefits programs and help them cultivate its future. In order to so, Wells Fargo offers market-competitive packages of Wells Fargo employee benefits, perks, and discounts that help its employees to support their physical and financial health in the future.
Wells Fargo employee benefits package allows its employees to –
- Support physical and financial health
- Cultivate future employment.
- Enjoy flexible time planning to work
- Broaden private medical insurance for employees future
- Maximize what employees and Wells Fargo invest for employees future
- Employee Share Ownership Plan
Wells Fargo also offers several voluntary benefits that help employees to work together to bettered physical and financial well-being.
So, if you are working at any Wells Fargo, read below what Employee Benefits and Discounts, you can get besides an attractive salary?
Health plans – Wells Fargo Health Benefits
Wells Fargo offers comprehensive and competitive medical, dental, and vision benefits.
Wells Fargo medical plans offer preventive care services covered at 100%, prescription drug benefits, mental health, substance abuse coverage, a network of doctors and hospitals to help employees and families improve and maintain health.
Well-being and Wellness programs
Wells Fargo culture supports team members wherever they are on their health and well-being journey.
Wells Fargo offers tools and resources so the healthy can stay healthy, those who may face health problems in the future can begin to make positive changes now, and those with current health care needs have the support to manage them.
Parental and Critical Caregiving Leaves
These paid leaves provide time away from work to help employees taking care of loved ones.
Wells Fargo provides up to 16 weeks of paid parental leave for a primary caregiver and up to four weeks for a parent who is not the primary caregiver to care for a new child following birth or adoption and available after one full year of service.
In addition, one regularly scheduled workweek per year of paid critical caregiving leave is available to care for a spouse, parent, partner, or child with a certified serious health condition.
Additionally, team members are eligible for up to five days per calendar year of in-home, back-up adult care, an ill spouse or partner, elderly parents or parents-in-law, or a child who is age 18 or older.
Wells Fargo 401(k) Plan
Wells Fargo is committed to employees’ financial success providing an attractive 401(k) Plan to help save for retirement.
Currently, Wells Fargo matches employee’s contributions – dollar for dollar – up to 6% of eligible pay on a weekly basis, after an employee completes one year of service.
Additionally, Wells Fargo may make a discretionary profit sharing contribution to the 401(k) Plan account based on company performance.
Paid time off – Wells Fargo Vacation Policy
Wells Fargo understands that team members have busy lives and diverse needs and helps employees to reach their best offering several opportunities to relax and rejuvenate.
Wells Fargo time away benefit provides a variety of competitive options to accommodate diverse needs and life events including time off for vacation, illness, caring for a family member, volunteering, the birth or adoption of a child, the loss of a family member, and more.
As a full-time team member, employees will accrue 18 days of paid time off (PTO) in the first year, and expect periodic increases to PTO throughout the tenure.
Wells Fargo also observes 12 paid holidays, including personal holidays, that can be used for religious, family, cultural, patriotic, community, or diversity observances.
Discounts & savings
To support your financial health, Wells Fargo offers special discounts on financial products and services that are typically offered to the best customers.
Education Benefits at Wells Fargo
- Tuition reimbursement
Employees’ professional development is encouraged and supported by Wells Fargo, which is why Wells Fargo will reimburse for eligible tuition expenses up to $5,000 annually.
- Scholarships for dependent children
Several scholarships are offered to children of team members every year. Employee’s children can apply to receive awards ranging from $1,000 to $3,000.
Employee Assistance Program (EAP)
Wells Fargo Employee Assistance Program (EAP) is a free, professional, and confidential service for employees at Wells Fargo to get help whenever they or a household member needs assistance.
- Child care resources
- Counseling (up to six free sessions)
- Educational or daily living resources
- Homework assistance
- Senior caregiver assistance
Wells Fargo provides up to $5,000 for eligible adoption-related expenses through the Adoption Reimbursement Program.
Career Development Programs
Wells Fargo employees have access to a variety of learning opportunities, comprehensive career development tools, and mentoring programs.
Save money when an employee pays for mass transit or parking on a pre-tax basis.
Best Employee Benefits At Wells Fargo
The followings are the best employee benefits at Wells Fargo, reviewed by former Wells Fargo employees –
- Wells Fargo health benefits with coverage on medical, dental, vision plans, 100%, prescription drug benefits, mental health, substance abuse coverage, etc
- Wells Fargo 401K Plan with a match of dollar for dollar – up to 6% of eligible pay on a weekly basis.
- 16 weeks of paid parental leave, 18 days of paid time off (PTO), and 12 paid holidays
- Tuition Reimbursement, Adoption Assistance, and Employee Assistance Program
- Death/Dismemberment/Disability insurance/
- Employee Share Purchase Plan and Employee Stock Purchase Plan (ESPP)
- Emergency Financial Assistance and Tuition Assistance Program
- Employee Discounts & Banking Benefits
Overall, Wells Fargo Benefits for employees are quite comprehensive and unique which ensures high and improving employee retention rates.
So, this is all about the employee benefits of working at Wells Fargo & Company.
If you are searching for a job at Wells Fargo, you must be aware of all Wells Fargo Employee Benefits.
Wells Fargo & Company reserves the unilateral right to amend, modify, or terminate any of its benefits plans, programs, policies, or practices at any time, for any reason, with or without notice.
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