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Formations
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Benefits at Formations
We go above and beyond in our commitment to our staff's health, well-being, and happiness by offering:
Financial + Retirement
401(K)
Formation's 401(k) retirement plan offers a broad selection of stocks, bonds and international index funds to choose from.
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.
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
Performance bonus
Health Insurance + Wellness
Dental insurance
Formations' dental plan covers 100% of the cost of preventative care, including x-rays.
Flexible Spending Account (FSA)
FSA for health and dependent care
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
Life insurance
Vision insurance
Mental health benefits
Culture
Volunteer in local community
Formations encourages employees to give back with paid volunteer time of up to 16 hours a year.
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
Open door policy
Pair programming
Team based strategic planning
OKR operational model
Office Perks
Free daily meals
Formations provides catered lunches Monday through Thursday .
Company-sponsored happy hours
Onsite office parking
Free parking
Free snacks and drinks
Some meals provided
Child Care + Parental Leave
Generous parental leave
12 weeks paid parental leave
Diversity
Highly diverse management team
Mean gender pay gap below 10%
Hiring practices that promote diversity
Professional Development
Job training & conferences
Online course subscriptions available
Paid industry certifications
Promote from within
Lunch and learns
Continuing education available during work hours
Tuition reimbursement
Vacation + Time Off
Paid volunteer time
Formations encourages employees to give back with paid volunteer time of up to 16 hours a year.
Paid holidays
Unlimited vacation policy
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