Total rewards

 Competitive compensation

Base pay

Annual base pay is the most visible portion of total rewards. Base pay is designed to be competitive with the market based on your job responsibilities. Our philosophy is that base pay should be designed to allow us to maintain an appropriate competitive position and be internally equitable, reflecting your experience and your performance.

Variable compensation

The Short Term Incentive Plan (STIP) is a pay-for-performance program used to recognize your contributions to short-term business results. The percentage of STIP awarded to you depends on two parameters: 1) the company’s performance on organizational financial goals, and 2) your individual performance, which is determined by your manager.

Zurich also provides variable compensation in the form of sales incentive plans, usually for those employees responsible for the direct selling of accounts. Employees are eligible for either STIP or a sales incentive plan, but not both.

 Health and well-being

Because healthcare needs and priorities differ, we offer three high-deductible medical plans, all designed to be used with a tax-advantaged health savings account (HSA). When you make a minimum contribution to your HSA, Zurich will make a generous contribution too.

Your annual physical exams and other preventive services are covered at 100% when you use in-network providers. You can elect to cover your 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. We also provide other insurance coverages for you and your family:

As part of the company’s commitment to our people, Zurich’s wellness program, HealthFirst, provides 24/7 access to registered nurses, programs to help manage chronic conditions and improve overall well-being, and wellness incentives for employees and their covered spouses/domestic partners.

Other Zurich benefits that we are proud to offer include:

 Retirement

Zurich Savings Plan

You are immediately eligible to participate in the Zurich Savings Plan – Zurich’s 401(k) plan – on your date of hire. You can contribute up to 50% of your salary on a pre-tax or Roth basis. Zurich matches your contributions dollar for dollar, up to 6% of your eligible base pay.

In addition to the company match, you are eligible to receive a company base contribution, which is a percentage of your eligible pay based on your years of service. You receive the company base contribution even if you make your own contributions to the plan.

The plan is administered by The Vanguard Group, which provides easy, online access to your account as well as advisory services to help you plan for retirement.

 Work-life balance

Day to day, our FlexWork environment and dress-for-your-day philosophy give you choices on how to be most effective at work. In addition, we offer a generous amount of paid time off (PTO), along with paid holidays and summer hours.

Our LEED Platinum®-certified headquarters outside Chicago reflects our belief that your work environment can enhance your productivity as well as your quality of life. Zurich North America's headquarters was designed with modern amenities:

• Sit-stand desks with dual monitors
• Fitness center and dry cleaner
• Onsite cafeteria and coffeehouse
• Social hubs and creative work spaces with abundant natural light on each floor
• Walking paths with native plants and ponds

 Career development

Zurich employees share a penchant for continuous improvement. We provide resources such as continuing education courses and tuition assistance (with manager approval) to help you pursue job-related degrees, licenses or certifications.

Our Individual Development Plan process helps you set long-term goals and plot a course to meet them with your manager. Zurich offers not only opportunities, but the support to help you reach your potential.