Employees' healthcare coverage is 76% employer-funded, and Quicken Loans contributes 50 cents on every dollar that employees invest in their 401(k) retirement accounts. There's even pet insurance.
Onsite childcare is a boon for working parents, and there's also a fitness center, café, massage therapist, physical therapist, family doctor, eye doctor, chiropractor and salon, all onsite.
Other highly rated employee perks are ultra-flexible hours and the ability to work from home; 25 days paid time off after the first year on the job, eight paid weeks of maternity leave, and tuition reimbursement up to $5,250 annually.
Quicken Loans also scores high on the fun front. Free and always available snacks, over-the-top holiday parties, free tickets to major league sporting events (Quicken Loans' founder and chairman, Dan Gilbert, owns the NBA's Cleveland Cavaliers) and a cool downtown workspace, replete with a basketball court, all contribute to the company's work hard/play hard vibe.
What ultimately sold Michigan native Megan Baker on Quicken Loans was its rock-solid commitment to downtown Detroit. She joined the company a year and a half ago, relocating from Washington, D.C., where she had been working as a consultant on federal contracts.
"I took a trip to Detroit, and it was really exciting to see all the growth and revitalization here. Digging into it deeper, I understood the relationship between Quicken Loans moving its offices downtown and the revitalization of the city," says Baker, now a team leader in project management.
Through its QSTEM program, Quicken Loans regularly welcomes Detroit Public Schools students in grades 6 to 8 to its offices for STEM-focused learning and mentoring. Credit: Quicken Loans
Quicken Loans moved its offices from Livonia, Mich., to the city in 2010. Today, more than 3,000 employees live in downtown Detroit. As Baker, 37, sees it, living downtown is one of the greatest perks Quicken Loans has to offer.
"I get a rebate for living downtown and opting out of parking," Baker says, referring to Quicken Loan's program that gives rebates up to $150 per month to employees who do not use company parking spaces.
"I also take advantage of partnerships that Quicken Loans has with other downtown businesses, like a yoga studio that has drop-in classes [discounted for Quicken Loans employees]," she says.
Free and unlimited technology and certification training, plus all expenses paid participation at tech and industry conferences are all also highly encouraged at Quicken Loans, IT employees say.
In his first two years at the company, Nishant Gupta, a 32-year-old software solutions architect, attended Amazon's national conference and participated in Quicken Loans' homegrown client experience program. Experiencing firsthand how mortgage applicants navigate the loan process afforded him a real-world glimpse of how it might be simplified and sped up.
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