Deloitte Employee Benefits Review: Are Their Careers Worth It?

Deloitte Employee Benefits Review: Are Their Careers Worth It?

Deloitte is one of the major multinational networks that offer professional services across the world. Deloitte employee benefits are one of the major reasons why the company enjoys a high employee satisfaction rating.

The company provides different services, such as tax, legal, audit, financial advisory, enterprise risk, consultation. It has about 312,000 employees and more than 100 locations all over the world. By revenue, it is the world’s largest network of professional services.

Headquartered in London, UK, Deloitte was founded in 1845. Today, it is one of the four big accounting corporations in the world, more commonly known as the “big four”.

Deloitte had a staggering revenue of $46.2 billion in the fiscal year 2019. Gartner has ranked Deloitte as the number one consulting firm by market share.

Deloitte Employee Benefits Team

 

Erica Volini – Deloitte U.S Human Capital Leader

Erica Volini – Deloitte U.S Human Capital Leader

Erica Volini is a Deloitte Consulting LLP principal. She is the company’s Global Human Capital leader.

Volini focuses on helping leaders deal with their issues related to human capital. She is also responsible for ensuring that human capital plays a winning role in improving business’ performance.

Among other things, she is a speaker on the impacts of market trends on HR organization. Volini has also served as a member of Deloitte’s Board of Directors and its Management Committee.

Find her on:

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What are Deloitte’s Employee Benefits?

Deloitte employee benefits are some of the best in the industry. They offer excellent coverage plans and career growth opportunities.

Here is a complete overview of Deloitte’s employee benefits.

Employee BenefitsDescription
Paid Time-offPaid time-off includes personal leaves, sick time and vacation days. A certain number of your unpaid leaves can be added to your next year’s PTO account.
Paid Maternity/Paternity LeaveDeloitte offers up to 16 weeks of paid leave.
Adoption and Surrogacy Reimbursement ProgramDeloitte gives reimbursements up to $25,000 per child for costs related to adoption and surrogacy.
Sabbatical ProgramsYou can get 1 month without pay or 3-6 months with some portion of the pay.
Pet InsuranceYou can get pet coverage for services such as office visits and other medical procedures.
Healthcare PlanCoverage is given to employees, spouses, domestic partners, and children up to 26 years of age. The company also offers HSA and HRA.
Life and Accident InsuranceCoverage is provided at different levels to help protect employees and their families from the financial impact of an unexpected loss of life or an accident.
Disability InsuranceShort-term and Core Long-term Disability coverage is offered free of costs. Additional coverage for LTD is available on purchase as well.
Commuter BenefitsYou can save money on transportation, such as parking or mass transit.
401 (k) PlanYou can get both Roth and traditional savings plans. The company matches $0.25 for every dollar you contribute up to 6% of your salary. You can also get many investment options along with financial counseling.
Pension PlanYou can get retirement income at no cost. The plan is fully vested after three years of employment or after reaching the age of 62 during your employment.
Long-Term Care InsuranceYou can get long-term care coverage, which can be available at home or a facility. It also includes coverage for a caregiver.
Employee DiscountsDeloitte employees have access to discounts at more than 30,000 online retailers, local restaurants, and merchants, as well as Deloitte exclusives.
Dental and Vision CoverageEmployees get dental and vision coverage plans at affordable rates.
Student Loan Refinancing and Personal Loan SolutionsStudent loan refinancing is offered through different voluntary programs. These programs give you different options, such as combining your federal and private loans into a single loan, get a personal loan to pay high-interest loans and consolidate credit card loan.
Tuition AssistanceThe option is available to eligible employees for pursuing approved degree programs, professional certifications, and job-related courses.

What Employee Benefits is Deloitte Known for?

Deloitte employee benefits are some of the best in the industry. These employee benefits not only provide support to employees, but they also ensure employee retention and better employee experience.

Some of the best-known employee benefits include:

  • Healthcare insurance with Dental and Vision coverage.
  • 401 (k) plan with a company match up to 6% of an employee’s pay.
  • A generous PTO policy.
  • Pension plan.
  • Up to 16 weeks of paid maternity leave.
  • Sabbatical programs.
  • Adoption and surrogacy coverage.

Deloitte has an excellent savings program for its employees. The 401 (k) Plan allows for both traditional and Roth savings. The company matches $0.25 for every dollar you contribute for up to 6% of your eligible salary. Deloitte also offers multiple investment options along with investment consultation to its employees.

the healthcare Plan offers coverage for yourself and your domestic partners, spouses, and children (age 26 and below). The insurance is offered through five different programs, which gives you a lot of choices. The healthcare plan includes different benefits, such as egg preservation, infertility treatment, transgender reassignment procedures, hormone therapy, and neo-natal care, etc. You can also choose between HSA and FSA.

The pension plan is offered at no cost and gives eligible employees a retirement income. The plan becomes fully vested after you complete three years of service with Deloitte or you reach the age of 62 during your employment with the company.

Paid time off includes sick leaves, personal days off and vacation days. You get five weeks off and then six weeks at the managerial level. A certain number of your unused leaves rolls over to your next year’s leaves account. Employees who do not qualify for Deloitte’s standard PTO policy are given paid safe time and sick leaves.

How Does Deloitte Help with Student Loans?

Deloitte offers a few voluntary student loan refinancing programs. Through these programs, you can combine your private and federal loans into a single loan or take a personal loan to pay off high debt loans.

In addition to this, Deloitte also offers tuition assistance for programs and degrees that the company approves.

Employers who help pay student loans are considered to be a top choice by American job seekers. The reason is the massive financial burden these loans cause. The combined debt of all Americans over the age of 18 has reached about $1.5 trillion. So, it is no wonder college graduates want to work for companies that offer this benefit.

Because of the rewards involved, many more companies want to offer student loan repayment programs to their employees. To implement the benefit without any glitches, corporations can use platforms like FutureFuel. This platform not only makes loan management easier for employees but also allows employers to monitor the benefit and even make monetary contributions.

How do Deloitte’s Employee Benefits Change for Different Jobs?

Deloitte employee benefits are well received by its employees. The basic coverage is offered to all full-time employees. There are a few benefits that are different for different job types. Here are a few ways how the perks can vary.

  • You can get six weeks of paid leave at the managerial level otherwise it is five weeks only.
  • Since Deloitte is a multinational company, therefore, its coverage plans vary with location. One example of a location-based difference is the maternity leave plan. In Switzerland, you get about 24 weeks, which includes 16 weeks with a 100% salary and 10 weeks with an 80% salary. In the U.S you can get about 16 weeks of paid leave and any additional leave is unpaid.
  • Another example is the savings plan. Each country has its own provider and savings plan policies. The 401 (k) plan is only available in the U.S.

Despite these differences, Deloitte is ahead of the game when it comes to employee benefits.

How Deloitte Improved its Benefits Package Overtime?

To ensure maximum employee engagement, Deloitte has always introduced benefits that ensure the personal and professional wellbeing of its employees. With the expanding definition of wellbeing, Deloitte introduced many benefits and initiatives (both traditional and digital solutions) that focus on improving its employees’ mental health.

In addition to this, other benefits such as employee discounts, paid-time-off, maternity leave, and commuter benefits, etc. are always being improved to offer more support.

Are Deloitte’s Careers Worth It?

Deloitte is one of the largest professional services companies in the world. Since its inception in 1845, the company has become a reputable career option where hard work and dedication of employees are rewarded.

Deloitte offers an excellent career opportunity in a number of ways:

  • The company offers great monetary perks that help employees achieve financial stability.
  • Deloitte’s policies set its employees up for retirement. The company not only offers a 401 (k) plan but a pension fund. You can also get financial consultation on different investment options to grow your wealth.
  • The company has a culture of in-house promotions that allow the employee to move up the corporate ladder.
  • Different training and development programs help you improve your skillset and knowledge of the industry.
  • Deloitte also provides support for student loans, which is one of the biggest problems for Americans today. It reduces your financial burden and helps you focus on other investment options.
  • Your Deloitte experience will help you establish yourself in the market and open many corporate doors for you.

These are some of the benefits that make Deloitte an ideal career opportunity.

Discover Deloitte Jobs and Careers

Here are some online job boards where you can find all available vacancies at Deloitte.

Deloitte Careers

Deloitte U.S career page features all the available vacancies within the United States. The jobs are listed by different categories. You can find complete information on career opportunities for both experienced employees and students. The website’s search filter can help you narrow your search.

Deloitte Glassdoor

You can find more than 20,000 Deloitte job on Glassdoor. To narrow down your options, the search feature offers different filters. Each job contains basic information, such as job descriptions, requirements, qualifications, salary, and location. You can also see employee reviews about Deloitte on Glassdoor.

Deloitte Indeed

With hundreds of job listings, Indeed is one of the best places to look for Deloitte career opportunities. Each listing offers additional information, such as salary and job descriptions. You can also read reviews from existing and former Deloitte employees. Indeed also has a Q&A section that answers many frequently asked questions about careers at Deloitte.

Deloitte LinkedIn

It is another great platform to find jobs at Deloitte. The search feature will help you search by location. You can narrow down your search by using other filters, such as job type, experience level, and date posted. LinkedIn also gives you the option to apply directly on Deloitte’s website.

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