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AbstractOps Benefits

⛑ Healthcare

For the employee, we reimburse 100% of a Gold medical plan, along with dental and vision coverage. We do this via Gusto's small group health insurance plan. The insurer made available through the plan is currently Anthem / Blue Cross for Medical, and Guardian for Dental / Vision.

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In addition, we cover 60% of the same coverage (Gold medical plan + dental / vision) for dependents.

In our experience, this is above-market for an early stage company (most mid-stage companies do 100% + 50%, and only late-stage / public companies with 1,000+ employees cover a higher percentage). We want our people to be happy and healthy 🙂. We'll continue to make benefits more generous as we grow and mature as a company, as well.

Medical

We offer three group health care plans through Anthem / Blue Cross.

Anthem Silver PPO (6BQD)
  • $45 office visit copay
  • $1,750 deductible
  • 40% coinsurance
Anthem Gold PPO (6BPT)
  • $30 office visit copay
  • $750 deductible
  • 20% coinsurance
Anthem Platinum PPO 15/40/10% (6BNC)
  • $15 office visit copay
  • $0 deductible
  • 10% coinsurance

Waiting period

1st of the next month, on / immediately following hire date

Company contribution

Your company contributes separately to employees' and dependents' premiums.

  • Employee: AO covers up to 100% of the premium of Anthem Gold PPO (6BPT). Employee pays the difference in premium if they select a more expensive plan.
  • Dependents: AO covers up to 60% of the premium of Anthem Gold PPO (6BPT). Employee pays the difference in premium if they select a more expensive plan.

Dental and Vision

For dental and vision, we use Guardian 1500 with Child Ortho (UCR) and Guardian 20/20/150, 12/24. For additional details and signup instructions, see the attached pdf below.

Employee Materials Dental and Vision.pdf1656.8KB

Waiting period

1st of the next month, on / immediately following hire date

Company contribution

Your company contributes separately to employees' and dependents' premiums.

  • Employee: Your company covers 99% of the premium.
  • Dependents: Your company covers 60% of the premium.

🛸 Universal Time Off (UTO) Policy

Reason to Take Time Off

Time off is essential for good work. It allows us to recharge, relax, and empty our brains for a time. Burnout is a known issue for all startups, and we're no exception. Vacation is a key tool in preventing burnout. Fun fact: the World Health Organization recently added burnout to its list of International Classification of Diseases. We want our teammates be happy and healthy by actually taking vacation.

Research

The research to support this approach is overwhelming. Small sample set below.

  1. Vacation use is declining. HBR
  2. If you plan ahead, create social connections on the trip, go far from your work, and feel safe, 94% of vacations have a good ROI in terms of your energy and outlook upon returning to work. Just make sure you plan the trip at least a month in advance. HBR
  3. People who took fewer than 10 of their vacation days per year had a 34.6% likelihood of receiving a raise or bonus in a three-year period of time. People who took more than 10 of their vacation days had a 65.4% chance of receiving a raise or bonus. HBR

"Unlimited" Time Off

Unlimited PTO provides benefit to a company for tax purposes.

However, "unlimited" time off is often a misnomer. The research shows that teammates on unlimited time off actually take fewer vacation days than on traditional programs (HR Daily, National Law Review). Hence, we take active care (see below on suggested ranges and practices) to ensure that folks are actually unplugging and recharging.

Types and Amounts of UTO

  1. US Federal Holidays
    1. 11 days in 2022
    2. As defined by the US Office of Personnel Management
    3. 2022 AbstractOps Holidays

      DateHoliday
      Friday, Dec 31 (2021, in lieu of)
      New Year’s Day
      Monday, January 17
      Birthday of Martin Luther King, Jr.
      Monday, February 21**
      Washington’s Birthday
      Monday, May 30
      Memorial Day
      Monday, June 20*
      Juneteenth
      Monday, July 4
      Independence Day
      Monday, September 5
      Labor Day
      Monday, October 10
      Columbus Day (US), Thanksgiving (CAN)
      Friday, November 11
      Veterans Day
      Thursday, November 24
      Thanksgiving Day
      Monday, December 26*
      Christmas Day
    4. If you are not in the US, feel free to take major holidays in your region or country. Of course, that would trade off against taking US holidays.
  2. AbstractOps Recharge Days - ad hoc recharge days, determined by the exec team, especially to help the team after a hard / high-stakes project. Typically, these are 4-6 days per year, and will definitely include:
    1. Black Friday
    2. Christmas Eve
  3. Vacation Days
    1. We expect that folks will end up taking 10-15 business days of vacation per year.
    2. Any less than 10 business days is a problem, especially to ensure people are taking “blocks” of several days in a row — critical for effective recharging.
    3. However, we expect that >15 business days will start to erode on work expectations within the demands of startup life (specifically, noting that this would correspond to 20 days at any other company, given the ~5 addl days we’re guaranteeing as Recharge days)
    4. Manager and teammate help each other ensure vacations are taken
    5. If you need to take time off for your religion, we celebrate and welcome that as well!
  4. Sick Days
    1. Take the sick days you need to get healthy.
    2. Take the time you need for doctor's appointments.
    3. If you're sick for more than a week in a year, talk with your manager about how to balance your responsibilities for the rest of the year.

Connectivity During UTO

There are two ways to take UTO: typical and off-grid.

  1. Off-grid = cannot or will not access internet
  2. Typical = skim email once a day for urgent messages; if something is urgent, ping a colleague to make sure there's coverage

We want you to take at least one block of time every year as off-grid PTO.

Planning for UTO

  1. Inform your manager
  2. Set your OOO according to
  3. If you are an OP, please follow
  4. [optional] Track your vacation in Gusto

Maternity and Paternity Leave

We offer 12 weeks paid leave for the birthing parent and 4 weeks paid leave for the non birthing parent. We believe this is above average for a startup at our stage, and well above most companies in the US where, sadly, only 55% offer any paid leave whatsoever.

If you wish to take off for longer, you can do so but it will be unpaid. Please discuss the extra time with your manager and receive prior written approval. For more details around the policy, who is eligible and local laws, please refer to our forthcoming employee handbook (or ask your manager in the meantime).

401K

We offer all US-based full-time employees 401Ks through Human Interest.

🍱 Other Benefits

We are big believers in team happiness and productivity. The sweet spot for that is tough to find because it's different for everyone. We offer a variety of benefits to help you find what is best for you. Those benefits include a fantastic, fast laptop and cash to help you set up the ideal WFH setup or make sure you're caffeinated when working at a hip coffee shop (as an example!).

  • Macbook Air M1 or Macbook Pro (for EPD)
  • Up to $250 per month on business-related expenses to enable better productivity while reducing cognitive load. This is a flexible benefit based on the following spending categories:

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Spending Categories

Home Office & Workspace

  • Set up your ideal workspace and get a stand up desk, monitor, keyboard, chair, etc.
  • Up to $50 per month on a cell phone plan (but not a phone lease) and/or home internet
  • Co-working space day passes and monthly memberships

Professional Development

  • Subscriptions to courses through Masterclass, Udemy
  • Continuing education reading materials (such as business books) & course books

Your Individual Tech Stack

  • Platforms that make you more productive but aren’t used team-wide
  • Refer to our team subscriptions table before adding an item to your stack, to ensure no overlap / substitute (since we use specific vendors and already have team accounts, sometimes)

Food & Drink

  • Note: Use money on food & drinks when you’re there to do work, not just any time
  • Coffee, tea or a mid-day snack at your favorite local working spot
  • Team meetups: we love it if you meet IRL with your teammates. Food & drink on AbstractOps (depending on how much you have available).

If you are unsure if something is included in this benefit, just ask!

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Lastly, be judicious about spending — Act like an owner.

A few things that are not covered with this benefit

  • Health & Wellness memberships to platforms like Calm, Headspace, TalkSpace, BetterHelp, etc.
  • Entertainment subscriptions (Netflix, Hulu & Spotify for example)
  • Subscriptions to platforms like Medium, NY Times, WSJ
  • Groceries
  • Home utilities outside of Wi-Fi
  • Rent & Mortgage payments
  • Decor for your home office