Goldman Sachs is a company that has more than 400,000 employees under its wings. As the company commits to support the wellness of their employees, there is a wide range of Goldman Sachs employee benefits provided, which is going to be discussed below.
The Goldman Sachs Group, Inc. is a USA-based global provider of financial services and investment bank, with main office located in New York City. The company provides various financial-related services, such as investment management, asset management, investment banking, securities management, prime brokerage and many more. It is deemed amongst the largest enterprises that operate in investment banking area in the world, according to its revenue, and had successfully sat at 62nd position as USA largest corporations according to the 2020’s Fortune 500 list based on its total revenue.
In addition, the employee benefits offered by Goldman Sachs are available in the financial, well-being, and health area. In order to support their employees to adopt healthy financial and physical lifestyles, the company builds a comprehensive range of benefit packages.
If you are looking forward to obtain a job position in this company, then this article may be able to give you helpful insight regarding the benefits of working there.
Goldman Sachs Employee Benefits
The Goldman Sachs Group, Inc. is a company that owns commitment to help their employees to build better work-balance life by investing in their financial, well-being, and health areas. To stay true to the commitment, the company provides a comprehensive employee benefit ranges.
There are various Goldman Sachs employee benefits packages offered, but essentially, they are all aimed to take care of the employees’ wellbeing. They are also provided to help the employees promote productivity and improve their work-life balance.
In order to be eligible to receive employee benefits provided by the Goldman Sachs Company, you have to be either a part-time or a full-time employee there. Each benefits package offered depends on your employment status, your job position, and your service length.
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Goldman Sachs Healthcare and Medical Insurance
There is a broad range of health and medical care programs offered by the Goldman Sachs. Which one available for you might depend on where your office location is. The general healthcare package would include health insurance, dental coverage, long-term and short-term disability insurance, life insurance, and accident insurance for business travel.
The company also makes 100% preventive healthcare coverage available, in which it consists of various wellbeing program and medical plan resources to prevent injury and illness, physical activity, healthy weight program, nutrition and treatment support, and many more.
Retirement Planning
The company provides various retirement plan programs, as well as counseling services to promote employees’ financial health and build financial goals in the long-term.
Holiday and Vacation Policies
There is a broad range of vacation policies and holiday benefits offered by the company, but again, it may depend on your job position and service length, as well as the regulations from your company regarding public and statutory holidays.
Wellness
The Goldman Sachs employee benefits include wellness programs and service to promote their employees’ personal wellbeing and health. The offered benefit packages may depend on the location of your office. The general package consists of health insurance, dental coverage, long-term and short-term disability insurance, life insurance, and business travel accident insurance.
Health Services
The medical advocacy services from the company are offered not only for their employees, but also for their family members. It includes referral and counseling services via EAP or the Employee Assistance Program. Some available benefits include Workplace Ergonomics Program, Travel Assistance, Security Assistance, and Global Medical Assistance.
Fitness
In order to promote active and healthy lifestyle for the employees, there are some offices under the company that features fitness centers. The reimbursement fee of membership and fitness activities of the on-site gym centers are covered by the company for eligible employees.
Personal and Family Responsibilities
Leave of Absence
The Goldman Sachs Group’s employees are eligible to receive paid leaves for civil partnership, additional marriage, family emergency, adoption, and parental causes. The duration and pay depend on your specific office.
Childcare / Family Care
Furthermore, each of the Goldman Sachs office offers parental and familial counseling and advice services, resources for expectant parents, and the adjustment programs for parents who just returned from their parental leave. Some of the company’s offices provide child care centers that include full-time care and backup care for emergency purposes. They also consist of mother-baby rooms.
Flexible Working
Some of the following Goldman Sachs employee benefits may be provided according to the manager approval: alternate hours, job sharing, telecommuting, and part-time working schedules.
Other Benefits at Goldman Sachs
The other benefit packages that may be provided by the company according to your office locations are special entertainment reimbursement, education support, transportation and communication benefits, scholarship, and business travel assistance.
Compensation at Goldman Sachs
The received compensation for each of the Goldman Sachs employee will be reviewed every year. It consists of salary, certain allowances, and discretionary compensation.
There are several factors that may affect the compensation, such as the office, divisional, and individual performance. That being said, you can be rest-assured that the company spends a lot of time portion to make sure each of their employees is compensated properly and in competitive scale.
Wealth Creation and Equity Awards
The Goldman Sachs employee benefits programs are created and designed to motivate and retain existing employees, as well as appeal to new talents. It is also said that the company is going to provide opportunity of extra wealth-creation, such as the Employee Special Investment Program that provides funds to employees who are being eligible and qualified investors.
Goldman Sachs Contact Information
- Prospectus Department
Goldman Sachs & Co. LLC
100 Burma Road
Jersey City, NJ 07305
USA
Phone Number: 1-201-793-5170
Email: prospectus-ny@ny.email.gs.com - Investor Relations
Goldman Sachs & Co. LLC
200 West Street, 29th Floor
New York, NY 10282
USA
Phone Number: 1-212-902-0300
E-mail: gs-investor-relations@gs.com - Creditor Contacts
Goldman Sachs & Co. LLC
200 West Street, 29th Floor
New York, NY 10282
USA
Phone Number: 1-212-902-0300
E-mail: gs-investor-relations@gs.com - Computershare
Computershare Shareowner Services LLC
O. Box 505000
Louisville, KY 40233-5000
Phone Number: - 1-800-419-2595 (US and Canada)
- 1-201-680-6541 (International)
www.computershare.com - For all other inquiries
212-902-1000
Conclusion
For your information, per 2020, the Goldman Sachs Group records more than 40,000 employees that work for their organization. If you are one of them or are going to join the company, please note that the list of the Goldman Sachs employee benefits above varies according to your assigned office location and the details may change at any possible time.