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 best-in-class rewards, including health insurance (medical, dental, vision), life insurance, retirement and savings programs, 401(k) and other employee services. We also offer programs and initiatives that help employees manage their careers and their diverse lifestyles.

Here is a quick overview of our major benefits:

Health Care

Medical, Dental and Vision Plans
We offer options that include Preferred Provider Organizations (PPO), Exclusive Provider Organizations (EPO), Health Maintenance Organizations (HMO) and corporate- and employee-supported health fund accounts. In addition, we provide vision, dental and prescription drug programs for eligible full- and part-time 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, Disability and Long-term Care Programs
We offer basic life insurance free to eligible employees, as well as discounted supplemental life, dependent life, and accidental death and disability insurance programs. Short- and long-term disability coverage and long-term care insurance options are also available, as are group home and auto insurance plans, a group legal plan and a senior advocate plan.

Work / Life Balance

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

Child Care Centers
In specific major sites, HSBC offers child care centers, mothers’ rooms, back-up child care options and a new-mother transition program.

Health & Wealth
Each year, employees at many larger facilities have the opportunity to participate in free, on-site health screenings for diabetes, blood pressure and cholesterol. Employees at smaller facilities and branch offices enjoy the same benefits, since the company reimburses the cost of similar exams performed by their own doctors. All Health & Wealth participants receive a $100 contribution to their Healthcare Flexible Spending Account in the following year.

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.) Retirement and Savings Program
Retirement saving is a partnership between the company and the employee. To support that partnership, HSBC offers employees two ways to build for their future.

HSBC - North America (U.S.) Tax Reduction Investment Plan and Trust 401(k)
Our 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.

The HSBC - North America (U.S.) Retirement Income Plan and Trust
At no charge to the employee, the company contributes funds to a retirement account for each eligible employee.

Employee Services

(Locations and availability vary)

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.