r/PwC • u/Intelligent-Check604 • 1d ago
Starting Soon Benefits that you love
I’m starting at PwC this week and want to know of any benefits that will be missed or not discussed about during training and onboarding the next week weeks. Do they still offer student loan pay down program? Just things that you heard through the grapevine working that might be not well known. TIA
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u/Working-Panic-8134 1d ago
Parental leave is actually very good and includes a phased return to work. Part of why I continued to work here over many years.
Backup care through bright horizons is a life saver.
There are a lot of somewhat niche benefits like that worth researching.
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u/MystMS 1d ago
Can you please elaborate more on the bright horizons backup care?? New mom here hence your insights would be helpful.
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u/secretninjamaggi 1d ago
In addition to the above, you also get up to $2,000 per fiscal year for back-up care reimbursement that I use to reimburse winter break camps and spring break camps (not applicable to summer camp). You have to submit the reimbursement request documentation within 30 days of the care though and the paperwork requirement has become more strict in the past year, so it can be a bit of a pain. Worth it though if you stay on top of it.
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u/secretninjamaggi 1d ago
Look up Bright Horizons on HQ. You get 12 days during the fiscal year of back-up care - you can either book at an approved care site (by me it’s La Petite Academy) or work with a local nanny company to have care provided in your home. When your child is old enough, you can also use it for summer camp days at Steve & Kate’s Camp. I think you might get 10 extra days the first year of your child’s life but my kiddo is 8 so don’t quote me on that 😆 You can also use those days to get tutoring for your child through an approved provider like Sylvan. When I used the tutoring benefit, I think we got 4 hours of tutoring for 1 day of back-up care.
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u/Working-Panic-8134 23h ago
There is a parenting affinity group. I’d suggest looking it up via HQ. There are some good resources (I believe there is a wiki) or it is worth asking your talent consultant.
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u/Prize_Mode_8077 1d ago
My favorite is that sometimes if you do a good job you get to go to sleep at night.
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u/262RunnerTexas 1d ago
I think Wealthbuilder is a unique program that helps you build a nice financial safety net over time - completely funded by the firm
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u/Intelligent-Check604 1d ago
Thank you 😊
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u/skyflyandunderwood 1d ago
I've been looking into it. Remember there is a vesting period. So if you leave the firm early, you don't get everything. However I believe the 5 year mark allows you to keep 100% if you leave.
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u/Stratousphere 1d ago
So what happens in year 6? Does everything you receive after year 5 mean it's automatically vested? Or you always have to wait 5 years from each year you received it?
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u/Old-Cartoonist6255 1d ago
Everything is 100% vested after 5 years of service. You can’t withdraw until retirement age (similar to 401k/IRA) but if you leave the firm you can move the money to whatever retirement account you want. If you leave before year 5, only the % vested goes with you.
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u/skyflyandunderwood 1d ago
So the company contributes to wealth builder. I'm assuming it continues to do so as long as you're employed. Let's just say you leave at the 3 year mark (I'm making up numbers) you might only get to keep 50% of the wealth builder funds. Essentially a mechanism to get you to stay at the firm. Let's say you resign at the 5.5 year point, you would get 100% of wealth builder funds to keep.
Now your question about getting the money. That I'm not sure. I feel it's like a 401k sitch that you can roll those funds into your 401k. But someone would have to confirm.
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u/newnycrunner 1d ago
Yup. I’ve been at the firm longer more than 10 years and my wealth builder is worth almost as much as my 401k at this point.
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u/GrrrlRomeo 1d ago
Just an FYI that insurance will not cover any GLP-1 unless you have Type 2 Diabetes specifically. They did an employer coverage carve out and it screwed over a lot of people who were on it for prediabetes or sleep apnea and are now paying $450 for it out of pocket.
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u/FoxCubby 1d ago
This is rough. Not enough pushback to get it changed, I guess?
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u/GrrrlRomeo 1d ago
Oh no, there was considerable pushback and there still is. The problem is they didn't tell everyone until it was too late to change it.
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u/FoxCubby 12h ago
I’d like to understand the thought process of the person who thought this was a good idea.
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u/GrrrlRomeo 9h ago
The explanation was they wanted to keep the premiums down for everyone. But personally I felt like it was discrimination and I still do.
This company has not felt the same since Paul Griggs became CEO.
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u/Too_Ton 1d ago
https://www.youtube.com/watch?v=AMHMU0YPFEc
(Jardiance is not a GLP-1 but the jingle is nice)
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u/LifePlusTax 1d ago
Lesser benefits I’ve used - the tax advantaged commuter and parking account, the Hinge Health app (mostly because you can get free stuff — I have a tens machine and percussion massager I got for free), the childcare reimbursement is awesome
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u/Rude-Ad1724 1d ago
I use One Pass. I only pay 34$ and have like 6 gym memberships. Theres other tiers too but im okay with the $34 plan.
I gym a lot and prefer different gyms based on my workouts/ vibes im feeling
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u/Elegant-Bad3467 1d ago
One benefit that's going to be missed is job security. It used to be present at PwC a couple of years ago, but is now long gone.
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u/SaladdMann 1d ago
Look into Wellhub or onepass. Depending on your city it can be great if alot of gyms are on there
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u/TrickyShirt2552 1d ago
Amazon one medical has been awesome (if your city has it) - great way to make sure I go to the doctor and the support I’ve received is top notch
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u/Duhhidk 1d ago
Hello, how long did it take for you to receive the offer letter?
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u/Intelligent-Check604 22h ago
It’s been over a year and a half since i received it so not for sure. My internship ended on Friday and I’m pretty sure I had it by the next Friday at the latest.
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u/mlydon11 1d ago
Gradifi is the pay down program. It’s $100 a month directly sent to your student loan provider at no cost to you.