Quicken Loans Employee Benefits – Know More

With the increase in inflation and also due to the pandemic, there has been a decline in jobs along with many small business stores closing down at the same time. With most companies having high interests in their mortgage loan schemes, thus it is difficult to find a good mortgage loan provider that understands your conditions and offers you the lowest rate possible. Learn how to quicken loans employee benefits.

Quicken Loans Employee Benefits

Trust has become synonymous with Quicken loans, as they have been in this field for over 2 decades.

Curious about Quicken Loans? Plan on working there, but not sure about the employee benefits there? We have it all covered in this article.

What Are The Employee Benefits Of Quicken Loans? 

Quicken loans have undoubtedly the best customer service, but they also treat their employees well by offering them a huge list of competitive benefits. The list that we have compiled is a lengthy one which includes Paid Time Off (PTO), working remotely and vacation time as well! Quicken Loans provides multiple options for employees so it can meet their personal and family circumstances. 

Healthcare

Quicken Loans offers several healthcare benefits including hospitalizations and medical care. Primary benefits include:

Jeff Bezos Career Advice
Jeff Bezos Career Advice

  • Health Insurance
  • Life Insurance 
  • Supplemental Life Insurance
  • Dental Insurance
  • Vision Insurance
  • Disability Insurance
  • Mental Health Care
  • Health Care On-Site

These features are available to both full-time and part-time employees. 

Health Savings Account (HSA) and Flexible Spending Account (FSA)

Employees can choose between HSA and FSA. HSA helps in receiving savings for future health care needs. FSA is set up by Quicken Loans for the employees so they can contribute a portion of their income to save up for future health expenses, and they are not subjected to any taxation. 

Retirement Plans

Quicken Loans offers a multitude of retirement plans for senior employees. The retirement plans include 401k which has reviews of having a good matching rate. Employees also get a Performace Bonus on their retirement, with a Pension plan and Charitable gift matching.

Family and Parenting

In these recent times of the pandemic, the employees have the option of working from the comfort of their living rooms, making their work very flexible and not reducing their overall stress. Maternity and Paternity leave for up to 8 weeks is also given to expecting and new parents, which ensures that they can come back stress-free to the job. Family medical leave is also offered if your loved ones are sick. Quicken Loans not only cares about the employees but also for their family as well by offering them childcare, Adoption, and Fertility assistance, and extended leave is also offered. The biggest perk is the flexibility to do things in your own time and convenience. 

Additional Perks

Above were the most essential perks, but this list includes more perks and benefits which are provided to improve the quality of life of the Quicken Loans employees.

  • Vacation and PTO (Paid Time Off)
  • Paid Holidays
  • Volunteer Time Off
  • Sick Days
  • Bereavement Leave
  • Free Lunch and Snacks
  • Employee Discount at partnered stores
  • Legal Assistance
  • Gym Membership

What Is A Mortgage Loan? 

A mortgage is a type of loan provided by the bank or any other private financial institution which an individual can make use of to purchase a home after you pay a downpayment that differs from one place to another. It is different from personal and student loans since the provider can use your house as collateral in case of a lapse in payment, which will lead to you losing possession of your home. You convert the debt into equity through monthly installments on the house. There are various types of mortgage loans like basic home loans, commercial property loans and loans against property, and a few more.

 Quicken Loans offers all these services with flexible rates to cater to all types of customers from professional business executives to newlyweds who want to buy their dream home.

Who Are Quicken Loans? 

Quicken Loans is trying to destigmatize the online way of getting financed through a mortgage by making the complicated phone financing process easier with the help of their employees and technology. Quicken Loans is America’s largest mortgage lender, both online and offline, and it’s trusted by over 2 million families, which were helped to finance their homes. With a very quick online process, they have various options and tools such as the monthly mortgage calculator which is very accurate that you can use before applying for the mortgage. Along with that, you get the monthly mortgage tracker tool. Quicken Loans makes sure that their customers always get the best deal.

Quicken Loans has generated over $15 billion in revenue and a whopping $932 million in net income. As of 2021, Quicken Loans has over 24,000 employees, working both online and in their offices to provide the best service to their customers. Quicken Loans makes sure to keep their employees happy by offering them the best benefits and perks along with all the top-of-the-line facilities, so they can enthusiastically work and be available for customer service.

Why Are Employee Benefits Essential?

Some people may think that instead of offering benefits, why don’t we get paid more? The simple answer is that most employee benefits are mandatory by the law. They are the non-wage compensation that the employees get for their service. For some people, unique employee benefits and perks can be one of the most important requirements when they’re looking for a job. Some employers may offer only the basic benefits like health and dental insurance, but Quicken Loans provides an extensive list of benefits for the welfare of their employees, along with the mandatory basic benefits. 

Benefits provided to the employee can go a long way in safeguarding their role in the company as it is shown that the employees are more loyal if they’re provided with the essential adequate benefits. This in turn helps in employee retainment, which leads to a healthy work environment consisting of enthusiastic employees who are dedicated to their work. Creating an overall healthy relationship with the employer. 

Quicken Loans provides benefits that are relevant to the employee’s needs, which takes the stress off the employee so it doesn’t interfere further with their work. For example, Quicken Loans offers both Maternity and Paternity leave for 6 to 8 weeks so new parents aren’t stressed about their child and they can spend quality time with them and return back to work without being concerned about their job.

Final Thoughts And Conclusion

Employee benefits play a key role in the performance of the employee. Quicken Loans makes sure to provide all the necessary perks and benefits for the welfare of their employees. Offering them everything from healthcare to tuition reimbursement, along with free snacks and drinks along with various store discounts. Quicken Loans has created a safe space with diverse employees ranging anywhere from full-time working parents to part-time working students, covering their health insurance. Retirement plans are also offered, catering to the welfare of the older employees.

Quicken Loans cares about the well-being of its employees by offering them various benefits. They’re provided along with the salary as a non-wage compensation. Employee benefits play an essential role in the success of a company, Quicken Loans makes sure to provide all the necessary perks, offering them everything from insurance to paid time off, they have it all covered. Quicken Loans has all the basic benefits that the law requires them to provide, but on top of that, they have additional perks, just for the betterment of their employees. This helps them retain their employees and recruit new ones at the same time. Such benefits also relieve the stress off of some employees which are guaranteed to make them focus better and also leads to a significant increase in their performance.

Being a leader in their industry, they have a lot to prove and pave the way for other companies to follow, they make sure their employees get what they truly deserve. These benefits go a long way in retaining employees and creating a landmark in the industry as an employee-friendly company, which Quicken Loans is. A feat that very few companies have accomplished. 

Frequently Asked Questions (F.A.Q.)

If you still have some doubts, then below are some frequently asked questions on employee benefits which we hope, clear all your doubts and hope you have a great experience working at Quicken Loans!

Q. Does Quicken Loans provide assistance for relocation?

A. Yes, you will be provided with assistance and guided throughout the relocation process.

Q. Are new employees provided with counseling?

A. Yes, employee counseling is also available to help and make sure that the employees are in a cheerful mental state.

Q. I am a student, will I be provided tuition reimbursement?

A. Yes! Quicken Loans cares about the academic endeavors of their employees, regardless of your status as a full-time or a part-time employee, a portion of your tuition fee will be reimbursed. 

Q. Do they provide disability insurance?

A. Yes! Various insurances are provided along with disability insurance.

Q. What’s the retirement plan at Quicken Loans?

A.  You are offered Roth IRA, 401k, and equity along with health insurance.

Quicken Loans Employee Benefits – Know More

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