If you want to attract the best talent to your business through your perks program, you may be looking to follow in the footsteps of companies like Visa.
A giant in the financial industry, Visa boasts a roster of 10,000 global employees across 200 countries and territories. Employees describe working at Visa as being part of a global corporation where family values are highly respected.
So, how do they attract and retain the best employees? The answer is simple: they offer some of the best employee perks focused on social welfare and family values.
They manage to attract and retain some of the brightest and best talent in the industry by recognizing what is important to their employees.
Let’s explore some of the Visa corporate perks and benefits that are so well-loved by its workforce.
Visa knows that a healthy employee is a productive employee. That’s why some of their top perks help employees strike a healthy balance between work and life.
Visa offers employees free snacks and drinks, and even gym discounts. On-site fitness classes and a healthy, complimentary breakfast every morning are also favorite perks that workers enjoy.
There’s no doubt that these perks go a long way to maintaining a healthy and productive workforce.
Not only does Visa offer employees exciting perks to maintain healthy lifestyles, but they also encourage employees to better their education. In line with their extensive in-house training and support programs, they continuously motivate employees to develop and hone their skills.
Part of this is accomplished through their fantastic tuition reimbursement initiative. The company offers a massive 100% reimbursement, capped at $5,250 annually, for any classes related to an employee’s career path.
This reimbursement initiative helps employees get the most out of their education while learning new, essential skills that could help advance their careers. Visa is also not shy to promote within the company structure, ensuring that employees have a well-planned career path ahead of them.
Visa focuses on bettering society and encourages its employees to do the same. The company’s philanthropic approach to global citizenship encourages employees to make positive impacts in their communities.
An uncommon but much-loved perk is the employee Matching Gift Programme. This initiative encourages employees to donate to their favorite welfare organizations and charities.
For every donation they make, Visa will match it up to a staggering $10,000. With this perk, employees can be socially responsible and help support their local communities.
Visa also acknowledges the importance of doing volunteer work, and that’s why they offer employees special time off to volunteer their services. Employees can take time off to volunteer, up to 16 hours a year.
Another enticing perk is the Dollars for Doers program. Employees can earn $10 for every hour they volunteer, up to a maximum of $500 a year.
Visa cares as much about its employee’s future as they do about their present well-being. We see this in their excellent 401(k) contributions.
Visa will match 200% of an employee’s contributions to the company’s 401(k) plan. The match is capped at 5% of the individual’s salary, which is notably higher than the industry standard of only 3%.
Related: The 4 American Express Employee Benefits That Attract Top Talent
Visa has some awesome family-orientated perks. They offer employees great options such as fantastic maternity and paternity leave.
Maternity and paternity leave is typically between 10 and 18 weeks long, giving new parents plenty of time to settle in. There is even an on-site mother’s room for employees.
You can’t talk about Visa employee benefits without mentioning their great stock options. Employees get a whopping 15% discount on company stocks.
The Employee Stock Purchase Program (ESPP) allows a contribution of up to 10% of an employee’s base salary towards stock investments in Visa. This benefit goes a long way to help employees secure a well-deserved, comfortable retirement.
Visa has long been one of the biggest finance companies around. Their employee benefits and perks rank right up there with other industry movers and shakers, such as Paypal, MasterCard, and American Express.
Visa changed things up by recognizing that employees care about their communities. They offer some amazing perks built around creating a positive, lasting social impact.
Visa is a genuine, innovative giant worth learning from. If you want your company to retain your best employees, you can learn a thing or two from them. Visa is an excellent example of how a company should value its employees, their families, and the community.
If you’d like to know more about competitive benefits, check out the 6 Bloomberg Benefits That Make It A Great Place To Work.