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Company to take bold steps in expanding flexibility, holiday and other unprecedented benefits aimed at creating a differentiated employee experience that attracts and retains top talent
RESTON, Va., September 20, 2021--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) today announced a new array of expanded and additional employee benefits for calendar year 2022, designed to provide greater work flexibility, commemorate the Juneteenth holiday and enhance support for employees and their families. These investments are aligned with SAIC’s strategy to deliver an industry-leading employee experience for top talent.
"SAIC is committed to taking meaningful steps to provide an exceptional experience for our employees that further establish our company as the employer of choice in our industry," said Nazzic Keene, CEO at SAIC. "I am proud that we are providing these market-leading benefits in support of the well-being of our employees and their families. We are increasing our investments in an area of highest priority – our people – because we know an engaged and diverse workforce is vital to the growth and success of our business."
"Our employees are a critical part of what differentiates SAIC, which is why we are laser-focused on investing back in our people," said Michelle O’Hara, executive vice president and chief human resources officer at SAIC. "As we optimize our benefits programs with the lens of the future of work, we are embracing and accelerating opportunities to maximize flexibility, grow a diverse and talented workforce and foster an inclusive culture."
Beginning in 2022, SAIC is enhancing its employee benefits to include the following measures:
Expanding flexible work– In addition to supporting greater telecommuting and hybrid work options, SAIC is introducing a 4-day workweek and other alternative work schedule options for its employees.
Adding Juneteenth as a paid holiday – Official recognition of Juneteenth is an important demonstration of SAIC’s core value to advance diversity, equity and inclusion, both inside and outside the company. SAIC is honored to be one of the first in the industry to recognize this historically significant day as a paid holiday.
Increasing paid family leave– To further support parents and multi-generational families, SAIC is substantially raising paid family leave for the care of a child, spouse or parent and is offering company-subsized backup child care and elder care.
Keeping medical costs down - As healthcare costs continue to rise in the U.S., SAIC is fully covering the cost of increases to employee premiums in the company’s medical insurance plans and holding employee premiums flat for the second year in a row.
For more information on SAIC’s commitment to employees, visit www.saic.com/who-we-are/life-at-saic.
SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving our customers' missions.
We are more than 26,500 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity, and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $7.1 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Certain statements in this release contain or are based on "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as "expects," "intends," "plans," "anticipates," "believes," "estimates," "guidance," and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the "Risk Factors," "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and "Legal Proceedings" sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
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