Careers - Benefits and Rewards | HSBC

Benefits and Rewards

We are proud of our high-performance culture, which has made us one of the top 10 financial services companies in the United States.

We offer our people a wide variety of employee benefits and competitive rewards, including health insurance (medical, dental, vision), life insurance, retirement and savings programs including a 401(k) match, and other employee services. We also offer programs and initiatives that help employees manage their careers and diverse lifestyles. Here is a quick overview of our major benefits:

Health Care

Medical, Dental and Vision Plans

We offer options that include a National Network Only Plan and two corporate- and employee-supported Health Savings Account (HSA) Plans. In addition, we provide vision, dental and prescription drug programs for eligible employees and their spouses, children and opposite or same-sex domestic partners.

Flexible Spending Accounts

Employees can enroll in tax-free health care, commuter expense and dependent care flexible spending accounts. With our industry-leading family care plus dependent care FSA, HSBC contributes 50 cents for each dollar that employees contribute, up to the plan maximum.

Insurance and Disability Programs

We offer basic life insurance, short- and long-term disability coverage free to eligible employees, as well as discounted supplemental life, dependent life, and accidental death and disability insurance programs. Other options are also available, including group home and auto insurance plans, a group legal plan and pet insurance.

Work / Life Balance

Adoption Assistance

HSBC pays up to $5,000 toward eligible adoption expenses for each adopted child.

Time Off Program (TOP)

TOP provides employees with a bank of paid days off to use as they wish.

Company-paid Holidays

HSBC observes a number of company-paid holidays annually. Employees who wish to observe other holidays may do so by using their TOP days.

Financial Security

Sharesave

Sharesave offers employees the opportunity to buy shares of HSBC Holdings plc stock at a 20 percent discount, without brokerage fees or commissions. Employees contribute through payroll deductions over a three- or five-year contract period. At the end of the contract period, they have the opportunity to use all or part of their savings, plus interest, to buy shares at the previously fixed discount price. If the value of the stock declines, they can withdraw all of their savings, plus interest.

HSBC - North America (U.S.) Tax Reduction Investment Plan (TRIP) 401(k)

Our TRIP 401(k) savings plan offers employees a generous $3 for $1 match on the first 1 percent they contribute. In addition, HSBC matches $1 for $1 on the second, third, and fourth percent of pay they contribute. That is a total 6 percent match when employees contribute 4 percent of their income. The plan also offers the convenience of payroll deductions, tax advantages and diverse investment opportunities.

Employee Services *

Concierge Services

Some larger facilities offer services such as dry cleaning, a cafeteria, movie passes, a gift shop, postal services, photo finishing services, ATMs and discounts to entertainment destinations.

Merchant Discounts

All employees can take advantage of discounts and special promotions offered by national and local merchants, including savings on furniture, jewelry, cell phone plans, travel programs and tours, and health club memberships.