Benefits and compensation at Zurich

Competitive compensation

We offer competitive base pay, based in part on an annual fair market assessment, and an incentive program that rewards employees’ contributions to short-term business results. We conduct pay equity analyses to identify any pay differences for employees in the same or similar roles and assess whether the differences are for legitimate reasons, such as experience, education/training or job performance, and not due to gender or race/ethnicity.

Health

Offerings include medical, prescription, dental, vision, life, accident, disability, critical illness, personal accident and business travel accident insurance and assistance. Additional details:

• Our high-deductible medical plans are designed to be used with a tax-advantaged health savings account (HSA). When employees make a minimum contribution to their HSA, Zurich makes a generous contribution too.
• Annual physical exams and other preventive services are covered at 100% with in-network providers. Employees can elect to cover eligible dependents – spouse or domestic partner and dependent children. The plan also covers prescription drugs. Flexible Spending Accounts (FSAs) are an additional option for eligible out-of-pocket health and dependent care expenses.
• Employees and dependents enrolled in Zurich’s U.S. medical plans or Canada’s Manulife health plan have access to infertility treatments and a service provider that helps employees find specialists or get a second opinion without extra exams or appointments.

Paid time off (PTO) and family leave

Generous paid time off includes holidays such as Martin Luther King Jr. Day and the day after Thanksgiving. We offer summer hours (shorter Fridays), the option to take time off in small increments and options for most employees to buy or sell PTO. We also offer generous paid family leave:

• In the U.S. we offer 12 weeks of 100% paid family leave for parents welcoming a child to their family via birth, adoption or fostering, and 2 weeks paid leave for employees caring for a family member with a serious health condition.

Retirement

Newly hired individuals are immediately eligible to participate in our 401(k) savings plan, with two types of generous company contributions. Employees can contribute up to 50% of their salary on a pre-tax or Roth basis. Zurich matches contributions dollar for dollar, up to 6% of eligible base pay. In addition to the company match, employees are eligible to receive a company base contribution, which is a percentage of their eligible pay based on years of service.