Charles Schwab

Headquarters:San Francisco, CA(United States)10,000+ Employees
4.1
 
Benefits & Family Policies
Verified Partner Data
Programs, initiatives, groups
Additional information
Sabbatical
Yes, Charles Schwab believes that having time off for personal or professional development contributes to higher levels of future performance and retention. In particular, Charles Schwab believes that extended continuous time off can afford long-term employees valuable time to refresh and recharge that regular vacation may not provide, and enable them to return to work better able to contribute and grow. To support this belief, Charles Schwab offers eligible employees the opportunity to apply for a paid sabbatical. This is a discretionary program designed to reward certain valued non-officer employees who regularly demonstrate strong performance.

A sabbatical consists of twenty-eight continuous calendar days off during which an employee continues to receive his or her regular pay. None of these days off are considered vacation time under the Company vacation policy. If approved, the time may be used for personal or professional development (including, for example, community service, career reflection, or education) as long as the activity does not conflict or compete with Charles Schwab's business.
flex work benefit
Flexible working
Telecommuting is an alternative work arrangement intended to provide eligible employees with options of performing their job functions from a home office, or other pre-approved remote work location, on a regularly scheduled basis. Charles Schwab views telecommuting as a privilege and an option under limited circumstances when there is a clear advantage to the business, job oversight requirements suit such an arrangement, and the employee meets eligibility criteria.
Remote work policy
Yes, Eligible after one year of service for an ongoing work from home schedule, and prior to that on an ‘as needed’ basis, based on manager discretion.
parental leave
Overview: Parental leave policies
Charles Schwab provides eligible full- or part-time employees with paid parental leave for the care and well-being of their newborn or newly adopted (or newly placed for adoption) child. Charles Schwab offers up to six weeks of Paid Parental Leave following the birth or adoption of a child. This is in addition to any Short Term Disability pay the employee may be eligible for.

Paid Parental Leave is offered to eligible employees regardless of their gender, sexual orientation, marital/family status or any other legally protected basis.

New for 2018: 6 weeks of Paid Parental Leave is available for both Primary and Secondary caregivers.

Up to 12 weeks of unpaid Family/Medical Leave for (1) an employee's own serious health condition (2) leave to care for a child within 12 months after birth, adoption, or placement in foster care (3) leave to care for a spouse, domestic partner, child, or parent who has a serious health condition.
Paid maternity
Yes, Up to six weeks for Parental Leave
Unpaid maternity
Yes
Paid paternity
Yes, Up to six weeks for Parental Leave
Unpaid paternity
Yes
Paid adoptive
Yes, Up to six weeks
Short term disability
Yes, If a Charles Schwab employee is eligible for Short Term Disability (STD), Paid Parental Leave will start after they are no longer being paid STD. They are paid STD while they are considered disabled after the birth of their child, generally between six and eight weeks. The amount of STD paid depends on which option was elected (55% or 66 2/3%). Once STD is exhausted, employee will be paid at 100% of their eligible earnings for up to six weeks under Paid Parental Leave.

Up to 12 weeks of unpaid Family/Medical Leave for (1) an employee's own serious health condition (2) leave to care for a child within 12 months after birth, adoption, or placement in foster care (3) leave to care for a spouse, domestic partner, child, or parent who has a serious health condition.
Maternity-Related Benefits
Additional information
Dependent Care Flexible Spending Account (FSA)

The FSA is a great way to save money if you have dependents because it allows you to set aside money from your paycheck before taxes. The FSA isn’t only for children. You can use it to pay for care for your elderly parent or any other dependent who is physically or mentally incapable of self-care. The adult dependent must live with you, be your tax-qualified dependent and require care while you are at work.

With an FSA, you can:
Pay for eligible expenses, such as day care for a child, that are necessary for you and/or your spouse to work, look for work or attend school full time
Contribute up to $5,000 per household in 2018.
Charles Schwab contributes $100 per month, per child, up to $200 per month, if certain eligibility requirements are met
Please note: Your Dependent Care FSA cannot be used for health care expenses.

Charles Schwab contributes to your FSA account every month when you meet certain income requirements. Although you do not have to contribute to the FSA to receive the Charles Schwab contribution, you must actively enroll each year.

Charles Schwab is implementing services from Bright Horizons effective 4/1/18 for elder care assistance.

Also, Group Legal Plan. You can have the option to add your parents and parents-in-law so they can receive certain services.
Lactation facilities
Yes, Charles Schwab offers New Mom Rooms which are private rooms for lactation.
Maternity leave coaching
Yes, Both of our health plans offer pregnancy programs through the duration of pregnancy.  Lifecare offers counseling, education, and referral services to prepare and care for the new child.
Fertility
Yes, Charles Schwab offers the Infertility Services and Reproductive Resource Services (RRS) Program through United Healthcare participants.  It provides high quality Therapeutic services for the treatment of infertility when provided by or under the direction of a Physician. The Plan pays Benefits for infertility when provided by Designated Facilities participating in the Reproductive Resource Services (RRS) program. All treatment will be facilitated through one of UHC’s Centers of Excellence.
Care-taking benefits
Additional information
Care taking pto
Yes, Employees are able to use Sick Time for their own injury or illness or that of a family member.
Crowdsourced Employer Benefits
Help other women by leaving an anonymous tip (no sign up required)! We crowdsource employer benefits such as healthcare, PTO and maternity leave so you can make better career decisions.
Employer Benefits
Lower
Median/ Consensus
Upper
Corrections, Tips & Comments
Vacation Allowance(Weeks)
Median/Consensus:  ?
  • 1-3 Year Employees: 8 Hours per 1 Month (12 Days/Year) 4-8 Year Employees: 10 Hours per 1 Month (15 Days/Year) 9 Year + Employees: 13.33 Hours per (20 Days/Year) Maximum Accrual: 200 Hours (25 Days)
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Paid Maternity Leave (weeks)
0
Median/Consensus:  6
36
  • January 2017, Charles Schwab implemented paid parental leave, 6 weeks at 100% base pay for the parent with primary responsibility for care, and 1 week for the parent with secondary responsibility for care.
  • It is 6 weeks for both primary or secondary caregiver.
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Unpaid Maternity Leave (weeks)
0
Median/Consensus:  6
12
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    Paid Paternity Leave (weeks)
    1
    Median/Consensus:  4
    6
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      Unpaid Paternity Leave (weeks)
      12
      Median/Consensus:  12
      12
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        401k Matching
        Median/Consensus:  Available
        • 5% max matching
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        Healthcare
        Median/Consensus:  Not Available
        • United Healthcare or Kaiser
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        On-Site Childcare
        Median/Consensus:  Not Available
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          Flex Time
          Median/Consensus:  Not Available
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            Other Benefits
            • Sabbatical after 5 years of service, and then every 5 years. (4 weeks paid.)
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            What should you expect in this industry?
            Industrial: Finance: Diversified
            What benefits do employers in the Industrial: Finance: Diversified industry offer?
            BenefitsMedianAverage
            Vacation Allowance(Weeks)
            3
            4
            Paid Maternity Leave (weeks)
            12
            12
            Unpaid Maternity Leave (weeks)
            4
            6
            Paid Paternity Leave (weeks)
            4
            5
            Unpaid Paternity Leave (weeks)
            12
            10
            401k Matching
            Available
            Available
            Healthcare
            Available
            Available
            On-Site Childcare
            Not Available
            Not Available
            Flex Time
            Available
            Available
            Vacation Allowance(Weeks)
            Median:  3
            Average:  4
            Paid Maternity Leave (weeks)
            Median:  12
            Average:  12
            Unpaid Maternity Leave (weeks)
            Median:  4
            Average:  6
            Paid Paternity Leave (weeks)
            Median:  4
            Average:  5
            Unpaid Paternity Leave (weeks)
            Median:  12
            Average:  10
            401k Matching
            Median:  Available
            Average:  Available
            Healthcare
            Median:  Available
            Average:  Available
            On-Site Childcare
            Median:  Not Available
            Average:  Not Available
            Flex Time
            Median:  Available
            Average:  Available
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