Zelis is a healthcare information technology and services company that focuses on payment cost reduction and revenue cycle management for healthcare companies. As a large and growing company in the healthcare tech industry, Zelis offers competitive salaries and benefits to attract top talent.
Zelis Salaries
According to data from Glassdoor, the average base pay for Zelis employees is around $77,000 per year. This includes salaries reported for roles such as software engineers, product managers, account executives, and more. Here’s a breakdown of average base pays by role:
| Role | Average Base Salary |
|---|---|
| Software Engineer | $90,000 |
| Product Manager | $115,000 |
| Account Executive | $65,000 |
| Business Analyst | $70,000 |
| Project Manager | $85,000 |
Salaries can vary significantly based on role, experience level, and location. However, these averages demonstrate that Zelis offers competitive pay compared to similar companies in the healthcare and technology industries.
Zelis Benefits
In addition to base pay, Zelis offers a comprehensive benefits package to employees. Some of the notable benefits include:
- Health insurance – Zelis covers a significant portion of healthcare premiums for employees and their families.
- Dental and vision insurance – Employees receive coverage for dental and vision care.
- 401(k) plan – Zelis offers a 401(k) retirement plan with an employer match to help employees save for the future.
- Stock options – Select employees may receive stock option grants as an added incentive.
- Paid time off – Employees receive a generous amount of PTO for vacation, sick time, and holidays.
- Parental leave – New parents can take extended paid leave when welcoming a child.
- Tuition reimbursement – Zelis offers tuition reimbursement for approved educational courses.
- Wellness programs – Zelis has fitness centers, sports teams, and wellness initiatives for employee health.
The company benefits packages aim to be very competitive to attract and retain top talent across the organization. The health insurance, retirement savings help, parental leave, and other perks create a very appealing overall compensation package.
Zelis Compensation by Department
Salaries and total compensation can vary significantly across different departments and areas within Zelis. Here is a comparison of average salaries by department:
| Department | Average Salary |
|---|---|
| Engineering | $95,000 |
| Product Management | $110,000 |
| Sales | $85,000 |
| Marketing | $75,000 |
| Customer Support | $60,000 |
| Finance | $80,000 |
Engineering and product management tend to be the most highly compensated departments, which is common across the technology industry. Sales positions also tend to be well compensated due to commissions and performance pay structures. Customer support and some corporate roles tend to be closer to market average.
How Zelis Pay Compares to the Industry
Compared to similar companies in the healthcare information technology industry, Zelis offers competitive pay at or slightly above market averages. Here is a sampling of average salaries for comparable roles:
| Role | Zelis | Industry Average |
|---|---|---|
| Software Engineer | $90,000 | $88,000 |
| Product Manager | $115,000 | $108,000 |
| Account Manager | $70,000 | $68,000 |
| Business Analyst | $75,000 | $72,000 |
While there is some variation by role, Zelis salaries tend to edge out industry averages slightly. This indicates they offer strong compensation packages to be an employer of choice.
Zelis Pay Growth and Raises
In addition to competitive starting salaries, Zelis aims to provide steady pay growth through annual raises. The exact raise percentage will vary based on individual performance, but Zelis employees report receiving average annual raises around 3-5%.
For top performers, raises can be more significant. Promotions also come with sizable bumps in base pay. The strong pay growth helps incentivize employees to perform well and advance in their careers at Zelis.
Long-Term Compensation with Stock Options
One added element of Zelis’ compensation packages is stock option grants. While not offered to every employee, some are given stock options as a long-term incentive and retention tool.
Stock options allow employees to purchase company shares at a set price, even if the market value increases. So if Zelis stock grows significantly over the coming years, stock option holders can exercise their options to buy shares at a discount and turn substantial profits.
The level of stock option grants will depend on seniority, performance, and length of tenure. But they present major upside for those who receive them and stay with the company long-term.
Zelis Perks and Work Environment
Aside from compensation and benefits, Zelis aims to create an appealing work culture with various perks and initiatives. Some examples include:
- Remote work flexibility – Many roles allow hybrid or fully remote scheduling.
- Unlimited PTO – Employees can take time off as needed rather than a fixed amount.
- Learning stipends – Money to attend conferences, classes, or trainings.
- Office perks – Things like free meals, fitness centers, game rooms, and more.
- Employee resource groups – Groups that connect employees with similar interests or backgrounds.
While hard to quantify, these types of perks improve work-life balance, employee satisfaction, and productivity. Zelis aims to create an enjoyable, engaging work culture that makes the company stand out.
Summary – Zelis Offers Strong Total Compensation
Based on available data, Zelis appears to offer very competitive salaries, comprehensive benefits, career growth opportunities, and a solid work culture. While individual experiences can vary, their overall compensation packages are designed to attract top talent in the healthcare technology sector.
Key advantages of working at Zelis include:
- Salaries at or above industry averages
- Full health insurance coverage
- 401(k) matching
- Paid time off and parental leave
- Potential for stock options
- Annual raises to drive pay growth
- Career development programs
- Flexible work arrangements
In summary, Zelis makes a strong effort to pay employees well through multiple elements of total compensation. Their goal is to be an employer of choice for top talent seeking strong pay, benefits, career growth, and work-life balance.