Now combined with Fiserv, First Data Corporation is one of the world’s leading payment processing and electronic commerce companies. First Data employee benefits are the main reason why its 22,000 employees consider the company a good workplace.
First Data’s Star Network offers nationwide debit acceptance for almost a third of all debit cards in the United States. The company has the largest number of merchants in the industry, 6 million. First Data manages 45% of all debit and credit transactions within the country.
The company was founded in 1971 and is currently headquartered in Atlanta, Georgia.
First Data Employee Benefits Team
Anthony S. Marino – Executive Vice President & Head of Human Resources
After the merger with Fiserv, Anthony S. Marino is the EVP and Head of Human Resources. He supervises all the HR operations and functions of the company and focuses on creating an inclusive work culture that drives diversity and innovation.
Mr. Marino leads the global HR team to ensure the company has a smooth transition to a collaborative tech unit from a payment processing company. His team recruits, develops, and retains talent to help First Data/Fiserv meet its organizational goals.
Anthony S. Marino got his Bachelor’s in Business Management from Ohio University.
Find Anthony S. Marino on:
What are First Data’s Employee Benefits?
First Data’s employee benefits are as follows:
|Medican Insurance||You can choose from different HSA and PPO plan options. The insurance is administered by Aetna, UnitedHealthcare, and Cigna.|
|Dental Coverage||You have 3 dental coverage options, Aetna DMO, MetLife PDP A, and MetLife PDP B plans.|
|Vision Coverage||Vision coverage is provided through VSP. You copay for eye exams, frames & lenses, and contact lenses.|
|Disability Coverage||The company covers 100% of your short-term disability for the first 14 days. Long-term coverage pays 50% of your annual salary and voluntary coverage pays 60%.|
|401 (k) Savings Plan||A 100% 401 (k) match up to 4% of employee's salary. You are 100% automatically vested in your contributions.|
|Employee Discounts||Employees get discounts on thousands of items at selected retailers. Other discounts include movie tickets, automobiles, accessories, and fitness centers.|
|Parental Leave||12 weeks of fully paid parental leave for the primary caregiver. 2 weeks off for secondary caregivers.|
|Paid Time Off||You can get up to 4 weeks off.|
|Adoption Assistance||Employees can get reimbursed for a certain portion of their adoption expenses.|
|Tuition Reimbursement||Full-time employees get $5,250 per year and part-time employees get up to $5,000 per year.|
|Commuter Benefits||You can get coverage for your transportation expenses including parking.|
|Employee Assistance Program||You can get professional counseling for challenges faced in your professional and personal life.|
|Life Insurance||You can get 1 times your annual salary as life insurance. You also get AD&D coverage. The basic AD&D plan gives 1 times your annual salary and the voluntary plans gives 10 times your annual salary.|
|Business Travel||In case or death of injury while traveling for business you get 4 times your annual salary. The plan also provides you with travel assistance.|
|Flexible Spending Accounts (FSAs)||You can set aside pretax money to pay for your healthcare and dependent care costs.|
|Legal Support||The legal support program offers a network of lawyers that can provide you with legal counseling.|
What Employee Benefits is First Data Known for?
Some of the most talked-about benefits provided by First Data include:
- Medical plan administered by Cigna, Aetna, and UnitedHealthcare.
- A 100% 401(k) match up to the first 4% of an employee’s salary.
- Up to 12 weeks of parental leave.
- Up to 4 weeks of PTO.
- Employee discounts.
- Commuter benefits.
- Flexible Spending Accounts (FSAs).
- Disability coverage.
The medical coverage provided by First Data is very comprehensive. Employees have the luxury to choose from 5 different plan options. Employees who opt for Bronze, Bronze Plus and Silver plan options can set up their HSA. While employees who sign up for Gold and Platinum plans can have a PPO. All options offer in-network benefits. The healthcare plan also includes dental administered by Aetna and MetLife and vision provided by VSP.
The company also offers an excellent savings plan. You are automatically enrolled in the 401(k) plan shortly after you get hired. The automatic enrollment is at 4% on a pretax basis. The plan offers a 100% match up to 4% of your contributions. You are fully vested in your contributions. Employees can also make Roth contributions.
First Data has an excellent paternal and maternity leave policy. Primary caregivers, including adopting parents, get up to 12 weeks off with their full salary. Also, secondary caregivers get 2 weeks off with their full pay.
The PTO policy can give you up to 4 weeks off. In your first year of service, you can get up to 2 weeks off. First data also offers personal days and paid holidays.
Employees also get benefits such as employee discounts on selected retailers and other items such as movie tickets, fitness centers, accessories, and automobiles.
How does First Data Help with Student Loans?
First Data is among many employers who realize the benefits of offering a student loan support program to its employees. The company helps its employees with their student loans through FutureFuel – a student loans benefits provider. The benefits program allows employees to earn performance-based rewards and pay their student loans back faster.
FutureFuel is a one-stop solution for student loan benefits program. The platform allows users to create personalized accounts, make loan payments, send and receive company contributions, monitor the benefits program and track student loan progress.
FutureFuel provides the most efficient means to implement the student loan benefits program and help employees manage their debts.
First Data also offers tuition reimbursement to its full-time and part-time employees for both graduate and undergraduate company-approved programs. Full-time employees can get up to $5,250 per year and part-time employees can get up to $5,000 per year.
How do First Data Benefits Change for Different Jobs?
First Data offers comprehensive benefits to its employees. However, not all employees get the same benefits; they are different depending on factors such as job titles, job type, and years of experience.
Here are several benefits that are likely to be different for different jobs:
- New hires do not have access to all the benefits.
- Full-time and part-time employees do not get the same amount for tuition reimbursement.
- Employees studying for graduate and undergraduate programs do not get the same amount for tuition reimbursement.
- PTO depends on the years of service. In the first year, employees can get up to 2 weeks off and after completing 10 years with the company you can get up to 4 weeks off.
- Paternal leave is 12 weeks for primary caregivers and 2 weeks for secondary caregivers.
Besides these changes, employee benefits also change with state and country policies.
How Has First Data Improved its Benefits Package Over Time?
First Data has been around since 1971. The company, since its inception, has focused on the personal and professional wellbeing of its employees.
Here are a few ways how First Data has improved its benefits package over time:
- The company, over the years, has improved its medical plan to offer more to its employees.
- First Data has always kept its insurance plans and coverage affordable.
- PTO gets better as you spend more years at the company.
- You get access to more benefits with time.
- Parental leave has become more inclusive. It now includes both primary and secondary caregivers.
These benefits compensation packages the company offers are extremely competitive and play a key role in higher levels of employee engagement.
Are First Data Careers Worth It?
First Data is one of the major financial services companies in the United States. It handles about 45% of all debit and credit transactions within the country. The sheer size of its operations and business provides excellent career and growth opportunities for employees. Here are a few factors that make First Data careers worth it:
- Insurance plans, such as medical coverage, offer multiple options so you can pick the one according to your financial situation.
- The company promotes from within its ranks, which allows for professional growth.
- First Data offers student loan support through FutureFuel, which makes it easier for employees to manage and pay their student loans back.
- The company offers tuition assistance to help you continue your education.
- Benefits like employee discounts and commuter benefits help take off the financial burden.
- Benefits like PTO and parental leave help you maintain a decent work-life balance.
Discover First Data Jobs and Careers
If you want to work at First Data, then here are a few useful websites you should bookmark for regular job updates.
First Data Careers
The official Careers page of First Data is one of the best places to look for available jobs. The company keeps posting the latest available vacancies along with all the necessary information about each opening. You can also use the search feature to look for jobs that are specific to your interests. The website allows you to submit your official application online.
First Data Glassdoor
Glassdoor is a comprehensive website that lists more than 670 First Data jobs. To make your search quicker and easier you can use the search bar and look for jobs based on your qualifications and interests. The website also has hundreds of employee reviews that will help you understand the company’s culture better.
First Data Indeed
Indeed has a few First Data job listings as well. You can browse through each listing and see all the related information such as job description, qualifications needed, skills and experience required, and location. Besides employee reviews, Indeed also has all the important information about the company in its Q&A section.
First Data LinkedIn
LinkedIn is one of the most organized websites for job searching. You can use the search tool to make the search process even easier and quicker. You can also apply for a job directly on the First Data website through LinkedIn.