Benefits and compensation at Zurich
What can go right when your employer cares for your total well-being?
Gender-neutral paid parental leave, mental well-being support and other inclusive benefits have earned Zurich recognition on Forbes’ America’s Best Employers list, Seramount’s Best Companies list, Fortune’s World’s Most Admired Companies list and more. Zurich offers inclusive, extensive benefits and resources to support our employees’ total well-being.
Career development
At Zurich, we own our careers and are empowered to invest time and energy into our development. By staying curious, we keep learning and adapting to future ways of working and build our skillset as our careers evolve.
Zurich offers a variety of programs and resources including:
- MyJourney, a career development tool that empowers employees to assess and build their skillsets including rotational opportunities to get on-the-job experience
- A variety of leadership and skill development programs, internal coaches, and a mentoring program
- A full library of self-guided resources and learning opportunities available through our learning platform, MyDevelopment
- A flexible education benefit that provides funding for job-related degrees and provides access to coaches to support your education journey
Competitive compensation
Zurich is committed to providing competitive total compensation opportunities to attract, retain, motivate and reward our employees to deliver outstanding performance in the eyes of our customers and shareholders. 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.
FlexWork
Zurich has a form of flexible working arrangements in place with manager’s approval, which we call FlexWork. Each business unit and function has established parameters for the use of FlexWork in order to meet our customers’ needs and achieve desired business results. Today, managers and employees talk through options based on the role.
Wherever employees are working, we leverage technology such as Microsoft Teams to support collaboration and connection, and we share new and best practices for getting the most out of our technology in a hybrid environment. See our FAQ for additional details.
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 services.
- Employees and dependents enrolled in Zurich’s Medical Plan have several programs and resources available for no additional cost for health matters related to weight loss support, diabetes reversal, muscle/joint therapy, and second opinion services.
Lifestyle support
Zurich offers a well-being app, weight loss support, tobacco cessation support, resources for full-time, part-time, and back-up child, adult, and elder care, adoption assistance benefits support for nursing mothers, access to an online caregiver database, tutoring discounts and college coach support, commuter benefits, group legal benefits and more. To assist families during significant life transitions, Zurich provides comprehensive support for maternity, nursing mothers, and menopause. Employees and their dependents can access these services even if they are not enrolled in Zurich’s Medical Plan.
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.
Recognition
Outstanding performance is recognized and rewarded through our Excellence Awards, Impact Awards, Project Professional Awards, KAMP Awards and Community Hero Awards. Some of these honors come with a financial award. Our peer recognition platform allows employees to commend colleagues and award points to them, which are redeemable for gift cards, merchandise, event tickets and more.
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 eligible base pay on a pre-tax and/or Roth 401(k) 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 an annual Company Base contribution, which is a percentage of their eligible base pay based on years of service.
Well-being
Through our Employee Assistance Program, Zurich covers up to eight confidential therapy sessions per year for benefits-eligible employees and their covered dependents. Employees do not have to be enrolled in a Zurich primary medical plan to access the program. We also offer employees Mental Health First Aid training so they can help connect colleagues, family members and friends to appropriate resources in the event of a mental health crisis.
The U.S. government’s Transparency in Coverage rule requires health insurers and group health plans to disclose certain pricing information for covered items and services by making machine-readable files accessible to the public. Our medical plan providers, UnitedHealthcare (UHC) and Blue Cross and Blue Shield of Illinois (BCBSIL), will provide these machine-readable files at the links below starting July 1, 2022.
UHC
BCBSIL