Bank of America offers a competitive benefits package to its associates which, we believe, is one of the best in the financial services industry.
Bonuses and incentive programmes are important parts of the overall package. Associate Benefit Choices (ABC) is Bank of America's flexible benefits programme that encourages each associate to actively participate in the selection of their benefits package and gives them the freedom to choose benefits within certain criteria that work for each individual and their dependents.
The package can be adapted as personal circumstances change. It is a programme designed to make the bank a better place to work and it is a key element of the company's proposition to associates.
Within ABC there are a range of 22 benefits covering Financial, Health Care, Lifestyle and Leisure aspects of your life. Some of these benefits offer attractive Income Tax and National Insurance savings. The bank provides the opportunity for associates to receive employer matching contributions for pension, Give as You Earn, learning accounts, leisure accounts and certain health treatments.
Benefits within the ABC package include:
Financial
- Critical Illness Insurance
- Group Income Protection
- Life Assurance
- Pension Plan
- Personal Accident Insurance
Health Care
- Dental Cover
- Health Account
- Health Screening
- Optical Cover
- Private Health Care
Lifestyle
- Car Parking
- Carbon Offsetting
- Childcare Vouchers
- Give As You Earn
- Mobile Phones
- Travel Insurance
- Vacation
Leisure
- Bicycles
- Gym Membership (on-site)
- Learning Account
- Leisure Account
- Retail Vouchers
Benefits outside of the ABC package include:
- Personal Accident Insurance
- Short term sick pay (service-related provision)
- General Practitioner drop-in centre (Canary Wharf)
- Flu vaccinations (Oct/Nov)
- Optician expenses
- On-site physiotherapy
- Associate Discount Programme
- Flexible working policy
- Associate Assistance Programme
- Maternity, paternity and adoption leave -above statutory minimum parental leave
