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Employee Benefits

We offer employees competitive wages and benefits, including medical, critical illness, dental and prescription drug coverage; short- and long-term disability coverage; life insurance and accidental death benefits; retirement plans; and a stock purchase plan. The WM Health and Welfare Benefits Plan allows employees to choose from different levels and types of coverage. This allows each employee to put together a mix of benefits to meet their needs while receiving significant tax advantages by paying for benefits on a pre-tax basis (as allowed by law).

WM pays the full cost to provide employees with short-term disability benefits, long-term disability benefits, basic life insurance for the employee and their dependents, legal services, and employee and family assistance benefits. The costs for medical and dental coverage are shared with employees, with WM picking up a majority of the premium expense. The company offers other important benefits such as legal services (e.g., wills, powers of attorney), flexible spending accounts, adoption assistance, paid vacation and holidays, employee discounts, education savings accounts, student loan refinancing services, a second opinion service and scholarship programs. As the age distribution of our employees changes, we have more employees caring for children and aging parents. The company offers subsidized back-up childcare and elder care to help employees smoothly handle their responsibilities.

One of the most unique benefit offerings WM provides is the Guild Education benefit. This benefit provides employees and their eligible dependents the opportunity to go to college or receive other types of certificates and certifications for free—WM pays the cost.

We also provide plans to help employees save for their future. The WM Retirement Savings Plan provides employees with diversified fund options to invest in for retirement. Employees can choose to make pre-tax and/or after-tax (Roth) contributions, with the company providing a market-competitive match with immediate vesting. Employees receive free investment advice through a call center staffed with licensed advisors, as well as through a suite of online tools.

Another valuable program is our Employee Stock Purchase Plan, which provides employees an opportunity to buy shares of WM common stock at a discount of 15% or more.

Wellness Programs

We are particularly proud of our wellness programs. Our team of “Get Well Guides”— nurses, coaches, dietitians, clinicians and financial counselors—help employees and their families access the help they may need for a variety of life challenges. Employees can dial a toll-free number for confidential support and assistance from reliable, compassionate professionals. Employees and their families also have access to 2nd.MD, a virtual service that provides real-time consultation with doctors specializing in a variety of practices.

Financial wellness and emotional health have been on the forefront of WM well-being. To provide additional support and resources in these areas we have added LegalEASE and Calm for all WM benefit eligible employees and dependents. The LegalEASE plan provides personal estate planning, legal, financial and identity theft services. Calm is the No. 1 app for sleep, meditation and relaxation, and is available—at no cost—to all WM benefits-eligible team members and their families.

Through the WM Wellness Champ initiative, representatives at more than 783 sites spearhead activities such as Couch-to-5K, fruit and vegetable challenges, tobacco cessation programs and “Biggest Loser”-style challenges at their sites, all with the goal of developing a culture of well-being. The Well Worksite Program recognizes WM sites that demonstrate a commitment to fostering a workplace that encourages and promotes well-being. More than 747 sites have participated in the Well Worksite Program, and 343 sites received a Well Worksite Award in 2021. The award is separated into three categories:

  • Gold recognizes a site’s comprehensive involvement and dedication to employee wellness. 196 sites earned a Gold award in 2021.
  • Silver recognizes a site’s expanding involvement and dedication to employee wellness. 105 sites earned a Silver award in 2021.
  • Bronze recognizes a site that is providing programs to support employee wellness. 42 sites earned a Bronze award in 2021.

Our wellness programs also include some on-site flu vaccination clinics and health fairs where we provide blood pressure tests, blood lipid tests and other screenings that aid in the early detection of health risks. A health coach also meets individually with all participants to review their results and suggest action items to improve their health.

Transition Assistance

Reorganization is a fact of life in a rapidly changing, dynamic business sector. WM provides transition assistance, including severance benefits and outplacement services, to eligible employees whose employment is terminated in connection with a reorganization event.