Verizon is a leading telecommunications company in Selden, NY, offering a wide range of services including mobile solutions, home internet, and TV services. They leverage advanced technologies like 5G to provide reliable connectivity for businesses and consumers. With an estimated 100+ employees, Verizon can save approximately $119,000 annually through the EBP, which can significantly reduce their tax liabilities. The Business Solutions Manager is likely the decision-maker for benefits decisions. Given the competitive nature of the telecommunications industry, Verizon would be motivated to adopt EBP to reduce costs, improve employee retention, and offer a competitive benefits package. The savings can be reinvested into improving network coverage and service quality, addressing key pain points such as inadequate network coverage and slow internet speeds.
See how much Verizon could save with the Employee Benefit Program