As one of the household names in the communication technology industry, Verizon is an attractive company to work for many jobseekers. During more than three decades of running its business, it has built a comprehensive and appealing range of benefits and perks for its employees. The following article aims to provide you insights into the Verizon employee benefits.
The information provided below will be useful for those who are currently working at the company or consider applying as one. Beyond the Verizon employee benefits, you’ll also read about the brief company profile and reasons to work at the company.
About Verizon
Verizon Communications Inc. is an American company that was previously established as Bell Atlantic Corporation before it transform into the name it is known for now. It was founded in 1983 with the main office in New York City, New York. For nearly four decades now, the company has built itself as one of the largest telecommunication service providers in the world. Currently, it employs over 135,000 workforces to help run and provide its business across the globe.
Verizon offers an extensive range of telecommunication products and services, which covers the area of communication, information, technology, and entertainment. The company’s market segment presents mobile pre-paid and postpaid plans; wireless devices, such as handsets and smartphones; wireless-enabled devices like smart watches and tablets; and internet access for various devices.
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Why Choose a Career as a Verizon Employee?
By the end of 2020, Verizon Communications Inc. recorded more than 120 million subscribers on its mobile network service, which makes the company the 2nd largest wireless carrier nationwide. Apparently, more than excelling in providing products and services for its customers, the company is passionate about building and developing healthy working culture as well for the employees, which include offering attractive benefit program.
For example, as part of the Verizon employee benefits, the company provides a few programs that focus in management training that aim to enhance and contribute to the future of their employees. It offers a vast amount of resources and job positions in data, financial, corporate, and reservation departments.
Other examples of its excellent benefit program are the employee discounts, extensive vacation time, and retirement benefits. There are also a lot of additional perks offered by the company to be accessed by the employees such as gas, free car, free snacks and lunch, and more, which will be explained in more details in the following section of this article.
Following the outstanding Verizon employee benefits and the great opportunities, it is no wonder that the company becomes an attractive place to work at. Apart from the provided perks and benefits, what makes the company is loved by the employees is because it serves exciting and challenging work experiences that allow them to grow together with the company. Of course, it is not to say Verizon doesn’t have some drawbacks, but the general report says that it makes a great workplace.
Verizon Employee Benefits and Perks Details
Below, you will read the packages included in the Verizon employee benefits program that cover different areas such as healthcare, pension plans, family care, paid time-off, and many more.
Insurance, Health, and Wellness
- Medical insurance
- Life insurance
- Vision plans
- Dental plans
- Disability insurance
- Health Savings Account (HSA)
- Flexible Spending Account (FSA)
- Onsite health care
- Mental health care
- Accidental Death and Dismemberment (AD&D) Insurance
- Occupational accident insurance (OAI)
- Supplemental Life Insurance
Financial and Retirement
- 401(k) plan
- Retirement plan
- Pension plan
- Employee Stock Option (ESO)
- Employee Stock Purchase Plan (ESPP)
- Performance-based bonus
- Equity Incentive Compensation
Family and Parenting
- Flexible working hours
- Remote working
- Parental leave
- Paid extended leave
- Military leave
- Adoption support
- Fertility support
Vacation and Time Off
- Paid time off (PTO) and vacation leave
- Employer –paid holidays
- Paid sick time
- Volunteer Time Off (VTO)
Perks and Discounts
- Fitness center membership
- Employee mobile phone discount
- Special employee discount
- Employer-provided vehicle
- Pet-friendly policies
- Commuter benefits and support
Professional Support
- Employee Assistance Program (EAP)
- Workplace diversity program
- Employment and training program
- Apprenticeship Program
- Career Development
- Education Reimbursement Assistance
Verizon Contact Information
- Phone Numbers: (1-212-395-1000)
- Fax: (1-212-517-1897)
- Verizon Headquarters 1095 Avenue of the Americas New York, NY 10036
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As you can read from the list above, the employee benefit program built and developed by Verizon consists of an extensive range of areas. That being said, you have to note that the eligibility for each benefit may depend on your job position, length of service, working hours, and office location. The information of the Verizon employee benefits can be useful if you are interested in building up a career in this company.