Nationwide Employee Benefits Review: Are Their Careers Worth It?

Nationwide Employee Benefits Review: Are Their Careers Worth It?

Nationwide is a financial services company with expertise in insurance, investments, and banking. It was founded in 1926 and is headquartered in Ohio, United States. Nationwide employee benefits make the company an excellent workplace and a reputable career opportunity.

The company holds 73rd place on the Fortune 500 list. It currently houses around 34,000 employees. Thanks to its work environment, it is also ranked 53rd on the list of Fortune 100 Best Companies to Work For.

Nationwide Employee Benefits Team

Gale King – Executive Vice President and Chief Administrative Officer

Gale King – Executive Vice President and Chief Administrative Officer

Gale King joined Nationwide in 2003 as the company’s Senior Vice President. She took her current position in 2012. King oversees the company’s Corporate Real Estate, Human Resources, Aviation Operations, and Corporate Security. She also provides operational and strategic leadership.

As a result of her policies and implementation strategies, Nationwide has been recognized for its exceptional HR policies and as an Employer of Choice.

Gale King received her bachelor’s degree from the University of Florida.

Find Gale King on:

LinkedIn

What are Nationwide Employee Benefits?

Nationwide offers the following major benefits to its employees:

Employee BenefitsDescription
Health InsuranceHealth coverage is available with high deductibles. Healthcare plan is administered through UnitedHealthcare.
Dental CoverageYou have multiple plan options.
Vision CoverageThe plan gives you access to the country's largest network of eye specialists. You can also get discounts at over 4,000 retail chains.
Disability CoverageShort-term and long-term disability coverage is available. You also get return-to-work and rehabilitation incentives.
Cashback BenefitsEmployees can get cash back for hospital stays and expenses.
401 (k) PlanThe company offers a 50% match for the first 7% of your salary.
Life InsuranceIn case of an employee's death, his/her beneficiaries are covered.
Paid Time OffUp to 23 days of paid time off. You can also get sick leaves.
Maternity and Paternity LeaveUp to 4 weeks of maternity and 2 weeks of paternity leave.
MedPair Supplement HealthInpatient and outpatient cost coverage is provided.
Employee Assistance ProgramThe program provides support with day-to-day professional and personal challenges. You get access to professional coaches.
Travel Assistance ServicesYou and your family get support while traveling. The program helps you with things like locating a doctor, medical emergencies, medical evacuation, and pre-travel assistance.
Pension PlanYou get a pension plan that is covered fully by the company.
Employee DiscountsDiscounts on policies insured through Nationwide.
Training and DevelopmentThe company offers many training and development programs to its employees. They help you learn new skills and improve your industry knowledge
Tuition AssistanceCoverage for undergraduate and graduate degrees related to your job at the company.

What Employee Benefits is Nationwide Known for?

Nationwide offers comprehensive coverage to its employees. The benefits package is one of the reasons why the company enjoys high levels of employee engagement and a good employee retention rate. The purpose of Nationwide employee benefits is to give employees every chance to thrive both in their personal and professional life.

Here are some of the best-known employee benefits at Nationwide:

  • Health insurance.
  • Dental and Vision coverage.
  • A 50% 401 (k) match up to the first 7% of an employee’s pay.
  • PTO starts with 18 days and accrues overtime.
  • Up to 4 weeks of maternity leave.
  • Up to 2 weeks of paternity leave.
  • Life insurance.
  • Tuition Reimbursement.

The retirement plan at Nationwide is quite good. The company offers a 50% match up to the first 7% of an employee’s salary. Each year, you are 20% more vested in your contributions, which means you are fully vested after five years of service at the company.

You can also opt for flexible spending accounts for dependent care and healthcare expenses.

Nationwide’s PTO policy is also very generous. Your paid time off starts at 18 days and can go up to 23 days (according to Glassdoor). The number of days off increases even more with your years of service. Your unused days can be rolled over. Maternity and paternity leave is also given separately.

Dental coverage has a few options for employees. They can either go for a plan that is fully paid for by the company or choose one for which employees have to cover the full cost. The third option is based on copays. You also get vision insurance that provides you access to the nation’s largest eye specialist network. You can also get discounts at over 4,000 retail stores.

The health insurance is quite extensive. Besides basic coverage, employees can get access to additional financial support through programs like Ca$hback and MedPair Supplement Health.

How does Nationwide Help with Student Loans?

Nationwide does not offer repayment support for student loans. According to Glassdoor, the company does offer the standard $5,250 per year as tuition reimbursement. Employee reviews on the website further state that tuition assistance is only available for programs related to employees’ current jobs at Nationwide.

Tuition assistance programs are an excellent way to help employees continue their education and broaden their professional horizons. However, this program does not help them pay their existing college or student loans. To get some sort of relief from the massive financial burden of student loans, American college graduates prefer to work for companies that help with student debt repayment. But unfortunately, hardly under 5% of employers offer this benefit.

But luckily, employers are becoming more and more aware of the benefits associated with offering student loan support. The biggest incentive is the ability to attract the best talent across the country. Thanks to this awareness, many corporations are thinking of implementing college loan support programs. But the question is how to do it efficiently?

One of the easiest and most efficient ways is through FutureFuel.

This new and unique platform offers personalized accounts to both employers and employees. Employers can use their accounts to supervise the benefits program and make monetary contributions to employee’s student loan funds. Employees can easily manage their student loans and even make payments through their own accounts.

How do Nationwide Benefits Change for Different Jobs?

Nationwide offers extensive benefits, but they are not the same for all job types. Here are a few factors because of which your benefits are likely to change:

  • New hires are not eligible for all benefits right away.
  • Benefits are different for part-time and full-time employees. The most obvious difference is the cost of different insurance policies.
  • PTO is not the same for every employee. It depends on how many years you have been with the company.
  • Maternity and paternity leave are not the same. Birthing mothers get 4 weeks off while fathers only get 2 weeks off (according to Glassdoor).

How Nationwide Improved its Benefits Package Overtime?

Nationwide has been around for 93 years. A company that has thrived for so long can only do so by keeping its employees motivated and happy. And the best way to do this is through benefits and incentives.

The company has been regular with updating its benefits programs to help employees keep up with the changing economic and social trends. Plans such as health, life, and disability insurance have been kept as affordable as possible.

Moreover, there are a few benefits that become better as you spend more time at the company. For example, benefits like retirement plan and PTO policy also mature as you spend more years of employment at Nationwide.

Are Nationwide Careers Worth It?

Nationwide is a reputed company that has seen almost a century of success. Employees at Nationwide take pride in being associated with the company and consider it as a good career opportunity.

The financial services firm not only looks after its employees’ physical and mental wellbeing, but it provides them with every opportunity to thrive professionally. Here are a few factors that make Nationwide a good career move:

  • You get plenty of opportunities to work your way up through the ranks within the company.
  • Policies such as health insurance and disability plans provide you monetary support, which is important to attain financial stability.
  • The retirement plan and the 401 (k) match set you up well for your retirement.
  • PTO is quite generous, which allows you to have a good and healthy work-life balance.
  • As per employee reviews Glassdoor, you can continue your education and receive tuition reimbursement from the company. This will reduce your financial burden to quite an extent.

All these benefits are the reason why the company is 53rd on the Fortune 100 Best Companies to Work For list.

Discover Nationwide Jobs and Careers

If you want to become a part of the Nationwide workforce, then you should keep checking the following websites for the latest job openings:

Nationwide Careers

The best place to look for a job is the official Careers webpage of Nationwide. Not only will you be able to browse jobs here, but you will also see details about the company, its culture, different career opportunities available at Nationwide. Once you click the “Browse for a Job” thumbnail, you will be able to search for different vacancies. you can also see all the job-related details for each listing. You have the option to apply directly online.

Nationwide Glassdoor

Glassdoor is an excellent place to look for a job at Nationwide. The website contains about 1,500 jobs across all locations. Since it will take too much of your time to go through all the listings, you can narrow down your search by using the search feature and its filters. Each listing will also give you all the necessary information such as requirements, job descriptions, skills needed, expected salary, and education required, etc. Another good feature is the employee reviews section. You can find hundreds of reviews from Nationwide employees and get a clear picture of how things work at the company.

Nationwide LinkedIn

LinkedIn is a very well-organized website for job hunting. You can find more than 300 vacancies across the country. The website’s search feature will help you save time and make the search process easier. LinkedIn also gives you the option to apply directly on the Nationwide website.

 

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