I'm not very familiar with the benefits at direct competitors, but I would be interested to learn more if someone could make a comparison. It would not surprise me at all if this company soon had the worst benefits of most other companies in the industry. This is becoming an absolute joke of a company.
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You can't lump exec's into the mix. They are all controlled by employment contracts, not company policy. Overall AT&T is comparable with other companies of the same size. You can't compare to other companies in same industry. It's all about money. Health insurance is much better than ACA Exchange.
I’m an L2. All I can say is I’ve never used T’s health insurance. We use my wife’s plan at a much smaller company which costs 1/2 what T charges and has 1/2 the deductible and max out of pocket. Before her new job we used her other company’s benefits as well as it was cheaper with lower deductibles also. As far as pension plan, I never got one as I joined after that ended. The 401k match of 6% is nice though. The discount on service is nice, but not enough to stick around for.
Many true tech companies pay MUCH higher but don't have "pensions" or performance shares. At L3-4 that's worth roughly 140k but competitors pay 200k-300k more right up front nonr of the BS wait 3 yrs to see how company performs on secret metrics...rather have pay NOW vs a promise that T can change. That's why good performers and sales people leave.
T used to have some of the best wages and benefits in the business. Now, basically par for the course, nothing special to get excited about and attract new workers. With continued cost cutting and failing business operations expect benefits to continue to fall relative to the competition.
Not quite the same. I’m at vz. We get rsus which is nice. It beats ober three years after grant. Rsus are like options but you are never really under water and after vesting they sell enough to pay ordinary income taxes. The rest of the vesting amount is In cash at the brokerage. You have the option to buy company stock. Severance is more generous than t. But health ins is higher than t. The best benefit is we get paid bi weekly instead of 6/21 that t pays. I would have preferred mid/end of month than how t does it.
L3 here... after all the reductions.
+ Performance Shares and/or Restricted Stock along with quarterly dividends (~$55K per year)
+ 30% deferred comp into AT&T Stock with 20% AT&T Stock Match (great benefit even with poor stock performance... given dollar cost average from each paycheck, immediate 20% match, dividends)
+ Pension
+ 401K Match
+ HSA Match ($3600 per year HSA match starting in 2022; $2K in previous years)
+ Bonus (19% target)
+ PTO
+ Decent Health/Dental/Vision Care Benefits
+ Substantial Life Insurance and Accidental Death/Dismemberment Insurance
+ Wireless, Wireline, U-verse, Broadband Concessions ($~2K per year)
+ Castlight Rewards (~$500 per year)
+ Work from Home
+ and more
Tough times!
Gee - no complaints from Whitacre, Ratty and Stink who all receive much better benefits than their competent peers at our competitors.
PTO and 401K match that's about it for T. If you use the healthcare benefit, you will soon find out that it's not a company provided benefit. You pay big time for your healthcare.
They're exactly the same as most employers. They're exactly the same as what the healthcare exchanges in my state offer.
There is nothing - nothing - special about the benefits the company offers.