Wise Benefits FAQ

Read what Wise employees think about benefits at the company.

The most popular benefits at Wise include Work From Home, Flexible Working and Sick Pay. If you want to see a full list of benefits and perks at Wise listed by categories, head to their Benefits page. From insurance, health and wellness to vacation and more, find out what you could benefit from when working at Wise.

All answers shown come directly from Wise Reviews and are not edited or altered.

Does Wise have a sabbatical or career break policy?

4 English reviews out of 4

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15 January 2019

Pros

TransferWise is a standout company to work for; especially in comparison to may U.S. employers. Not only is it a relaxed working environment with hardworking, smart, and incredibly fun people, but the benefits are amazing. PTO (vacation and sick time) is very generous, maternity leave is actually offered, there are paid travel opportunities, sabbatical after 4 years, medical/dental at great rates, and many other available benefits. Additionally, unlike many places which claim there's room to grow with the company but actually make it very difficult to move about, TransferWise delivers on this promise. If you're interested in a particular project or position, you're supported and encouraged to get involved with a side-projects alongside you current role, or pursue available role(s) that interests you. I've seen many people switch roles within 6 months-1 year, and even seen new positions be born out of someone's success with their side-project.

Cons

Not necessarily a con (in my mind), but something to be aware of that some people may consider a con: this is still very much a startup culture; there's times where processes aren't full fleshed out, and things need to be changed as we grow and adapt to new circumstances. If you're a person who needs strict/unchanging policies and procedures, then this probably isn't the place for you. This isn't your typical corporate environment, so it's best not to come in expecting this. There is room for improvement in starting salaries for most of the lower level positions. However, I definitely respect that they are extremely transparent with starting salaries for most positions on offer.

PTO (vacation and sick time) is very generous, maternity leave is actually offered, there are paid travel opportunities, sabbatical after 4 years, medical/dental at great rates, and many other available benefits.

15 January 2019

Reviewed by: KYC Agent in Tampa, FL (Current Employee)

31 January 2019

Pros

I'll start by saying that I love working at TransferWise! It's been about 5 months and I really enjoy my job, but I absolutely love the office and company culture, as well as the values which are actually lived, and not just marketing fluff. So my pros are: - Super friendly/welcoming atmosphere & in-office camaraderie from day 1 - Great mission that is actually helping everyday people. How many companies have a goal to make themselves obsolete for the benefit of their customers? - The benefits are exceptional for the US. I've never seen anyone else come close, benefits-wise here. INSANE amount of PTO (46 days, all in), insurance is low-cost & good coverage, 401k w/ match, sabbatical after 4 years, stock options, some company paid benefits too - Awesome regular team events & annual trip to Europe for Summer Days to keep everyone motivated & mission focused - Weekly catered team lunches + all kinds of breakfast food, fruit, & drinks/coffee free in the office for employees - The office is really cool (people say "mini-Google" all the time), dog-friendly, has a decent gym in the office, & flexible work opportunities (you are expected to be in the office 80% of the time though) - Autonomous team structure offers huge levels of autonomy, ownership, & responsibility, with no one looking over your shoulder, micromanaging you or endless red-tape/approvals to go through - Really transparent & feedback reliant culture that limits the drama & helps us move fast - Lots of opportunities to move up & around in the company & find what you really love, potentially within 6 months - year as we keep growing - Personally, I like that we don't have a dress code & everyone is encouraged to be themselves. Sometimes it's just a sweatpants & hoodie type of day - I'm always busy with my day-to-day responsibilities & additional side-projects, so I'm always stimulated & never bored - I love working for such a diverse, global company. My team of 19 people has 14 nationalities & it's amazing when we're all together, so much fun learning from everyone. Very LGBT friendly & even the age range, experience, & education background of everyone is really broad and interesting - All the travel opportunities. So far, I've been to the New York & London offices, as well as Portugal for planning, with Budapest & Estonia trips in the near future (crossing my fingers for Singapore one day!) - Lots of support. Almost every chat with someone from my team includes "what do you need help with?" or "How can we/I support you?" I've never loved any place I've ever worked until now, so I don't say it lightly. This is by far the best experience of my professional career & I can't wait to see what the future holds as we grow. I will add though, that while travel opportunities are available for all positions in Tampa, my role requires more frequent travel (3 trips in 5 months so far), but that's not representative of all Tampa positions. Also, I'm a single US member on a global team spread across offices in 5 countries, so the levels of autonomy, ownership, and responsibility that I experience are even greater than some of the other teams in Tampa where the entire team is in the building. I just feel like those are fair comments to give context.

Cons

I personally don't have any cons, but I'll share some fair comments and also some things that other people may consider cons. - You're not going to get rich at TransferWise. We pay median salaries which are fair, but not outstanding. We can't compete with Google or Facebook & we don't try to. We now advertise salaries for all roles in Tampa, so you know what you're getting into & that's on you - If you need someone to hold your hand & tell you what to do every minute of the day, or if you need someone to fix all your problems for you, you will hate working here. You are responsible for your own work, end of, and it's a demanding job, so if you're looking for a place to coast by & grab a paycheck, keep coasting - If you have thin skin & can't give or receive feedback, you won't like it here. None of it is malicious, but we're not beating around the bush here either. If you make a mistake, someone will tell you so you don't make it again, & you're expected to do the same if you notice the mistake. Same thing goes for the good stuff too though, because we're all about recognizing accomplishments & giving credit where it's due - If you're only interested in the benefits & cool culture, but you don't care about the mission, we won't hire you. We want people who want to help others & change the financial world for the better, forever. If you're not about that, you need not apply - While there are some opportunities, the relatively flat corporate structure doesn't allow for a ton of upward mobility, so if you're just looking to climb the ladder, again, probably not a great fit. Much greater potential to move horizontally for new challenges and sometimes better pay - Timezones can be challenging, since Tampa has a 2-hour overlap with Estonia & a 5-hour overlap with London. Sometimes you'll have to back yourself & make a decision (at least I do in my role) & some people aren't comfortable with that. Even if you are comfortable with it, it takes time to get used to - Simply put, the start-up experience isn't for everyone I hope this has been helpful :)

Advice to Management

Stay mission focused, keep customers first & Wiser's a very close second, & don't lose lose focus on our culture & values as while we scale. Keep up the great work!

cost & good coverage, 401k w/ match, sabbatical after 4 years, stock options, some company paid benefits too

31 January 2019

Reviewed by: People Team in Tampa, FL (Current Employee)

18 October 2019

Pros

Flexible work environment Loads of paid time off (5 weeks vacation, 2 weeks sick) Paid sabbatical (after 4 years of service) Paid Parental Leave (after one year of service) 401k Match NSO Stock options Freedom, ability to make an impact, drive change- Friendly environment Opportunities to participate or lead projects to move the business forward - sometimes even world-wide opportunities Diverse culture - speak 5+ foreign languages Working with people from different cultures Competitive benefits package Pet-friendly office Ability for some remote work (after 90 days) Weekly team lunches Monthly team activities / fun events

Cons

Work is very fast paced; and sometimes not for everyone Autonomous work can have it's pro's & con's; One has to be a self-motivated and driven individual to succeed. When considering internal promotions, many roles are based outside of the Americas. When considering salaries, base compensation is a factor, not overall compensation. Ensure we remain competitive in the markets.

Advice to Management

Continue the efforts of improving transparency Over-communicate to Wisers when possible Increased transparency with wages, market analysis, etc. Continue to share knowledge regarding career paths, other potential, etc.

Paid sabbatical (after 4 years of service)

18 October 2019

Reviewed by: People Team in Tampa, FL (Current Employee)

9 February 2021

Pros

PTO Company trip Paid sabbatical after 4 years Stock Personal development monthly budget

Cons

Poor communication between product and operational teams. Autonomous teams make decisions that impact other teams, and although collaboration is better, there are always so many changes happening that it’s difficult to keep up. Product teams do not prioritize fixes without data, which can be hard to track/collect. Compensation is much better than it was, however, there are very few opportunities for advancement in Tampa. The flexibility we once enjoyed with this role is gone. We are pushed harder than ever to meet instant verification metrics which means working more evening and weekend shifts. This productivity push, and lack of staffing, means you have no opportunities to work on side projects that can aid in career advancement.

Paid sabbatical after 4 years

9 February 2021

Reviewed by: Kyc Specialist in Tampa, FL (Current Employee)

4 English reviews out of 4

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