Formations
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Formations Benefits Overview
We go above and beyond in our commitment to our staff's health, well-being, and happiness by offering: - Flexible paid time away from work - Medical, dental vision - Generous parental leave - Life insurance - 401K plan including employer matching
Compensation + Benefits
Offers 401(K)
Formation's 401(k) retirement plan offers a broad selection of stocks, bonds and international index funds to choose from.
Offers life insurance
Provides 401(K) matching
Formation's 401(k) retirement plan matches 100% of an employee's contributions up to 4% of their annual base salary, with immediate vesting for matched contributions.
Offers company equity
Formations offer every EE to be an owner. As such we grant every new hire an equity package our very generous equity plan is vested over standard 4 years
Offers performance bonuses
Offers dental insurance
Formations' dental plan covers 100% of the cost of preventative care, including x-rays.
Offers health insurance
Company covers 99% of the premium cost of the Base Medical Plan, Dental & Vision Plan for employees. Employee pays the difference in premium, if they select a more expensive plan. 50% for dependants
Offers mental health benefits
Offers Flexible Spending Account (FSA)
FSA for health and dependent care
Offers vision insurance
Offers generous parental leave
12 weeks paid parental leave
Work-Life Balance + Wellbeing
Provides opportunities to volunteer in the local community
Formations encourages employees to give back with paid volunteer time of up to 16 hours a year.
Offers company-sponsored happy hours
Offers paid volunteer time
Formations encourages employees to give back with paid volunteer time of up to 16 hours a year.
Utilizes an Unlimited PTO policy
Provides paid holidays
Company Culture
Utilizes a flexible work schedule
Adopting a flexible-hybrid approach means that there isn't a one-size-fits-all solution but rather a highly adjustable and personal model that can take various shapes and forms
Provides free daily meals
Formations provides catered lunches Monday through Thursday .
Provides free snacks and drinks
Provides onsite office parking
Free parking
Some meals provided
Has a highly diverse management team
Hiring practices promote diversity
Mean gender pay gap is below 10%
Utilizes an open door policy that encourages accessibility
Implements team-based strategic planning
Engineering team utilizes pair programming
Uses an OKR operational model to clearly define goals and priorities
Career Growth + Development
Job training & conferences
Provides paid industry certifications
Allows employees to pursue continuing education during work hours
Provides online course subscriptions
Hosts Lunch and Learns
Provides tuition reimbursement
Promote from within
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