Fiserv Employee Benefits Review: Why Fiserv Could Be a Great Employment Option

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Fiserv Employee Benefits Review: Why Fiserv Could Be a Great Employment Option

Fiserv, Inc. is a financial services technology provider. Because of Fiserv employee benefits, the company is considered to be one of the best workplaces in the US.

By revenue, Fiserv is ranked third among the providers of technology to the U.S. banks. It is a Fortune 500 and its clientele includes different banks, credit unions, thrifts, finance and leasing companies, securities brokers, and retailers.

The company was founded in 1984 and is headquartered in Brookfield, Wisconsin.

Fiserv Employee Benefits Team

Anthony S. Marino – Executive Vice President & Head of Human Resources

Anthony S. Marino – Executive Vice President & Head of Human Resources 

Anthony S. Marino became Fiserv’s EVP and Head of in 2015. He leads the company’s functions and plays a key role in creating a work culture that is inclusive, innovative, and diverse.

Mr. Marino is not only responsible for formulating one of the best parental leave policies but is also known for supervising military programming that won awards. He also ensures that the company is ready for digital transformation through strategic development and talent management.

Mr. Marino received his BBA in Business Management from Ohio University.

Find Anthony S. Marino on LinkedIn

What are Fiserv’s Employee Benefits?

Fiserv offers the following major benefits to its employees:

Employee BenefitsDescription
Medical PlanEmployees can choose from a selection of 4 different types of medical plans.
Dental CoverageDental plan is administered by Cigna and employees can choose between DPPO and DHMO.
Vision CoverageVision insurance is provided through VSP. You can choose between Basic and Premier vision plans.
401 (K) Savings PlanEmployees get a 401 (k) match of 3% up to 6% of their eligible contributions.
Stock Purchase PlanEmployees can purchase company's stock at a 10% discount at the conclusion of every quarter.
Life InsuranceBasic Life Insurance is offered at no cost to employees. Supplement insurance is also available on payroll deduction.
Commuter BenefitsYou can get reimbursed for your transportation expenses. This includes parking as well.
Flexible Spending Accounts (FSA)You can set aside pre-tax dollars to cover your dependent care and day care expenses.
Employee Discount ProgramEmployees are eligible for different discounts such as travel, fitness items, and retail brands, etc.
Employee Assistance ProgramEmployees can get professional counseling for their day-to-day challenges in their personal and professional lives.
Adoption AssistanceYou can get reimbursement for your adoption related expenses.
Tuition ReimbursementEmployees can get their tuition fee reimbursed.
Health Savings Account (HSA)You can set aside pretax money to cover your healthcare costs. Your HSA gets company contributions on an annual basis. HSA is administered through Optum Bank.
Flexible Working ArrangementsEmployees get flexibility to work from home and at hours that are different from regular Fiserv working hours.
Paid Time OffYou can get up to 3 weeks of paid time off. You can also get 5 sick leaves and paid holidays.
Legal SupportThe company has a legal plan that gives you access to 12,500 lawyers within the program's network.

What Employee Benefits is Fiserv Known for?

Fiserv’s employee benefits are quite good and offer excellent personal and professional growth opportunities to its employees. These benefits play a key role in improving the company’s employee engagement levels and keeping employees’ morale high.

Some of the most talked-about Fiserv employee benefits include the following:

  • Medical insurance with 4 types of plan options.
  • Dental & Vision coverage.
  • Up to 3 weeks of PTO.
  • 3% 401(k) match up to 6% of your salary.
  • Commuter benefits.
  • Health Savings Accounts with contributions.
  • Tuition Reimbursement.
  • Flexible work arrangements.
  • Employee discounts.

The four types of medical plans offered by Fiserv include Bronze HSA Medical Plan, Silver HSA, Silver HRA, and the Gold Medical Plan. You get 100% coverage for basic preventive care, prescription coverage, and screenings until you meet your deductible. You can also opt for HSA and FSA accounts for covering the healthcare and dependent care expenses. The medical plan also includes Dental insurance through Cigna and Vision coverage through VSP.

Fiserv also has a good savings plan for its employees. The 401(k) offers a match of 3% up to 6% of your eligible contributions. Moreover, you can also purchase the company’s stock at a discount of 10% at the conclusion of every quarter.

As for Fiserv’s PTO policy, you can get up to 3 weeks off after completing about 5 years of work. Employees in their first year can get up to 2 weeks off. You also get 5 sick days of leave and all the paid public holidays.

Other perks include employee discounts on travel, fitness and health items, retails items, and through Fiserv’s Employee Discount Program. You can also get commuter benefits, which include parking as well.

How does Fiserv Help with Student Loans?

Student loan repayment is a cause of major financial stress for Americans. Their combined student debt has reached $1.5 trillion. That is why most college graduates apply to employers that have student loan repayment benefits. But unfortunately, only 4% offer it.

Recently, Fiserv partnered with FutureFuel.io to offer employees student debt centric benefits. Fiserv employees now have access to benefits designed to help them shave years off of their student debt — their own or those of someone they love. To enjoy this benefit, employees can signup, connect their loans, and let FutureFuel.io guide them into a more successful financial future.

Moreover, Fiserv also offers tuition reimbursement to its employees. Employees can receive tuition reimbursement for degrees or courses that the company approves.

How do Fiserv Benefits Change for Different Jobs?

Fiserv offers excellent benefits to its employees, but they are not the same for all job types. There are many factors that decide your eligibility for employee benefits. These include job type, title, years of experience, and even location.

Here are a few ways your benefits at Fiserv are likely to change:

  • New hires do not get immediate access to some of the benefits such as medical and insurance. You have to put in a few hours to become eligible.
  • Employees completing their first year get only 2 weeks of PTO. Employees with 5 years under their belt can get up to 3 weeks.
  • Full-time and part-time employees do not get the same benefits.
  • Your benefits will also change with state policies.

How Has Fiserv Improved its Benefits Package Over Time?

Fiserv was founded in 1984 and since then, has become one of the best workplaces in the United States. The company constantly improves its benefits program and also introduces new perks and initiatives for its employees. This allows Fiserv employees to keep up with the ever-changing social and economic trends.

In order to keep its employees motivated, the company has always kept its coverage such as medical and life insurance plans affordable. Other benefits such as the savings plan and PTO also offer more with time.

With the introduction of benefits such as employee discount programs and commuter reimbursement, Fiserv continues to offer more to its employees.

Are Fiserv Careers Worth It?

Fiserv has won many accolades for being an excellent workplace. It has been featured on different lists including America’s Best Employer and Fortune’s World’s Most Admired Companies – an award it has won 9 times. This reputation along with many other factors is the reason why Fiserv is seen as a good career move.

Here are a few factors that make Fiserv careers worth it:

  • Medical coverage offers 4 different plans, which allows employees to choose the one that suits their financial situation.
  • Benefits like commuter reimbursement and employee discounts help take the financial burden off.
  • Insurance plans are quite affordable.
  • The company has a culture of promoting within its ranks, which allows employees to grow professionally.
  • With its flexible working arrangement and a good PTO policy, Fiserv offers a good work-life balance.
  • Besides professional growth, the company also has many benefits that promote personal and financial wellbeing of its employees.
  • The tuition reimbursement program helps employees continue their education and gain more industry knowledge.

Any work experience with Fiserv can increase your market value and help you secure a better future.

Discover Fiserv Jobs and Careers

Here are a few resources you should visit frequently to get updates on all the available job vacancies at Fiserv.

Fiserv Careers

The official careers page of Fiserv is a good place for job hunting. The website contains all the available job openings. The web page also has a search feature, which allows you to apply different filters and look for jobs in your area. Each job listing has complete information that will help you make an informed decision. You can submit your job application online through the website.

Fiserv Glassdoor

Glassdoor is an excellent website to look for jobs at Fiserv. The website contains about 2.7k each of which has all the necessary information. You can also narrow down your search by using the search tool and look for jobs based on your preferences. To get a better idea about the work culture at Fiserv, you can read hundreds of employee reviews on Glassdoor.

Fiserv Indeed

You can also find regular job updates on Indeed.com. The website offers a complete profile of each job listing. Like Glassdoor, Indeed also has a good search feature that will help you save time and effort. Besides employee reviews, the website also has a Q&A section that will help you understand Fiserv’s work culture and environment better.

 

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