ABOUT THE COMPANY
International Business Machines IBM is an American technology company that is headquartered in Armonk, New York, U.S. Charles Ranlett Flint and Thomas J. Watson founded the company ‘Computing-Tabulating-Recording Company’ on 16 June, 1911. It was later renamed as the ‘International Business Machines Corporation’. The company believes in progress and that the application of reason, intelligence and science can improve the human condition, business and the society.
Here are some of the benefits provided by the company-
Healthcare benefits
The medical insurance covers the prescription drugs, telemedicine services, care coordination and condition management. There are various insurances available like the IBM PPO Plus and the IBM PPO. The mental care programs and employee assistance are also offered by the company. Along with this, plans for the vision, dental are also provided.
Life benefits and disability
Disability programs for short term and long term are provided by the company. Group Life Insurance and Business Travel Accident Insurance Plan are the plans included in life insurance.
Commuter benefits
The programs help the employees save money on mass transit. A nationwide program helps the employees to save on the public transportation and parking expenses.
Parental leave and bereavement leave
The company understands that the employees need time to celebrate joy or mourn the loss. The employees are given bereavement leave and marriage leave. 12 weeks of paid parental bonding leave is also provided.
Discounts
The employees get discounts on the programs, services and products by IBM. They can avail huge discounts on the services and products that are used on a daily basis. Mothers are able to ship their milk for their babies and the company covers the cost.
Time Off and leave
12 holidays are provided each year by the company. Along with this, 3 or 4 weeks of vacations are given to all the employees. 7 days of paid sick leave can be availed by all the employees.
Skill Building
In order to encourage innovation according to the ongoing transformation, the company encourages its employees to enhance their skills. The ‘YourLearning’ is a learning platform that is personalized for every employee. The employees can learn and track their skills at their own pace. Digital badges are awarded when the employees complete certain learning paths.
Capital Accumulation
The IBM 401(k) Plus Plan enables the eligible employees to have different ways to save: after-tax, before-tax or through the ‘Roth 401(k)’ option. Employees Stock Purchase Plan and IBM MoneySmart plans are some other steps towards investment and capital accumulation.
Personal and family services
To better manage the personal life, the company has various enhancement and development programs. The ‘Thomas J. Watson Memorial Scholarship’ program celebrates the academic success of the students.
HR programs
The employee referral program enables the employees to refer their acquaintances to IBM. If they are hired, the employees can get upto $5000 through referrals. IBM has clubs that organize sponsored trips and other classes and programs for employees and ex-employees and their families.
Career development programs
The employees are introduced to a number of information and tools related to their career development like ‘Career Guide’, ‘Digital Batches’ and ‘Blue Matching’. Career guidance for multiple professions is available on the ‘Career Guide’. The managers work together with the employees to have meaningful career conversations and help them choose the best career for themselves.
Employee Charitable Contribution Campaign
The company understands the need of giving back to the society. The ‘Employee Charitable Contribution Campaign’ gives its employees the chance to contribute to the society. The ‘IBM Volunteers’ gives the opportunity and resources to IBM’s employees and ex-employees to engage with schools and other community organizations.
Adoption and surrogacy
The assistance programs help cover the costs incurred while adopting or surrogacy. The full eligible expenses are covered by the company itself. For the child’s mental or physical disability, the company has the ‘Special Care for Children Assistance Plan’.
Global Work/Life Fund
The fund is designed to focus on dependent care for IBM employees. The employees benefit from childcare and elder care programs. It also creates global initiatives that improve the dependent care’s quality. It also encourages the development of innovative and new child care programs. Investments in more than 300 child care centers have been made, where the employees of IBM receive priority.
Work life balance
The company has a lot of programs to help their employees maintain the work life balance. Solutions to address the workload and dependent care are contained in ‘The Work-Life Toolkit’ which is an invaluable resource for employees and managers to learn about the company’s work-life principles, guidelines, education and programs. The ‘The Work-Life Toolkit’ is shared by the employees and the managers.
The company has assets worth US$152.18 billion with around 352,600 employees worldwide. With net income worth US $ 943 crores and the above mentioned benefits, this company is one of the best to work in India.
These were some important things to know about International Business Machines, hope it helped you to know about the company more…
