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Medical allowance

Okta reimburses you for private health insurance. The monthly reimbursement amount is CHF 400. Your monthly invoice can be submitted in Workday for reimbursement.

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Financial benefits

Retirement, death and disability insurance

Okta’s retirement, death, and disability benefits provide financial protection for you and your family. Save for your future through your retirement savings plan. Okta contributes monthly old age contributions at 60% of the total contribution per the schedule below:

• Insured salary for the old-age contributions = AVS Salary reduced by coordination deduction (2022: CHF 25,095 – part-time degree considered)
• Maximum Salary for old-age contributions and risk benefits: CHF 860,400 (2022)

Disability Benefits

• Disability pension: 50% of insured salary; 24-month waiting period
• Disabled person’s child’s pension: 8% of insured salary; 24-month waiting period
• Waiver of premium: Waiting period of 3 months

Death Benefits

• Spouse/partner pension: 25% of insured salary (death before retirement); 60% of retirement pension (death after retirement)
• Orphan’s pension: 8% of insured salary*
• Additional lump sum: 100% of insured salary (due to sickness or accident)
• Available retirement assets (due to sickness or accident; not in addition to spouse/partner pension)

*Insured salary risk benefits = AVS Salary

Insured salary for the risk benefits (disability and death benefits) is the annual AVS salary capped at CHF 860’400 (2022) (no coordination deduction for the risk benefits).

The risk and administration costs are fully financed by Okta.

Group Personal Accident

Okta’s group personal accident coverage provides financial protection for you and your family. This benefit can help you take care of yourself and your family if you become totally and permanently disabled or die.

New employees are automatically enrolled, and Okta provides this cover at no cost to you.

Mandatory accident insurance (all a percentage of insured salary up to CHF 148,200):

• Short-term disability: Daily allowance of 80% of the insured salary (two-day waiting period) 
• Long-term disability: Disability pension of 80% of the insured salary
• Death benefits: 
  • Spouse’s pension: 40% of the insured salary
  • Orphan’s pension: 15% of the insured salary
  • Maximum benefits: 70% of the insured salary

Supplementary accident insurance:

• Short-term disability: Allowance of 80% of the insured salary after a waiting period of 30 days (insured salary is the salary part above CHF 148’200, capped at CHF 300’000)
• Long-term disability: Disability pension of 80% of the insured salary (insured salary is the salary part above CHF 148’200, capped at CHF 300’000)
• Death benefits:
  • Spouse’s pension: 40% of the insured salary
  • Orphan’s pension: 15% of the insured salary 
  • For salary parts above CHF 148’200, capped at CHF 300’000 maximum benefit: 70% of the insured salary
  • Additionally, a death lump sum of 100% of the full insured salary up to CHF 300’000

Further benefits: Private ward in hospital, coverage of gross negligence, coverage while on unpaid leave for seven months.

Daily Indemnity

At no cost to you, Okta provides partial disability cover if you’re unable to work due to sickness.

After a 30-day waiting period, you receive 80% of the insured salary for up to 730 days (the insured salary is capped at CHF 300’000).

Business Travel Accident Cover and Travel Assistance

Your safety and security is very important to us, especially while you are traveling on company business. With that in mind, we are pleased to provide you with business travel accident (BTA) insurance from an AIG member company. With this coverage, you have access to AIG’s business travel insurance plan in the event you experience any travel inconveniences, security issues or medical emergencies while traveling anywhere in the world.

If you’re traveling on behalf of Okta for company business, you (and your eligible dependents, if traveling with you) are covered if something happens, and there is no cost to you.

As part of this coverage, you are also provided with travel assistance services from AIG. Services available to you include:

• Travel security assistance
• Travel medical assistance
• Identity theft assistance
• Concierge services

To get started with your BTA insurance, please take the time to review this information:

• Guide to reporting claims
• Assistance services ID card
• Videos to help you get started with the AIG travel assistance app and website

Rewards

Your base pay works together with Okta’s bonus, equity grants (aka, “long-term incentives” or “RSUs”), and employee stock purchase plan (ESPP) to provide you with a highly competitive pay and ownership opportunity. It’s how you share in the success of the company you’re helping to build and grow.

Cash incentive bonus program

How the cash incentive bonus program works

Okta sets your bonus target as a percentage of your base pay, based on your job level.

The company’s performance against pre-established objectives determines whether Okta will pay bonuses each year—there is no guarantee. Company performance objectives may include achievement of annual revenue targets, net annual recurring revenue, bookings, and EBITDA.

Long-term incentives (RSUs)

Okta’s equity grants are made in the form of Restricted Stock Units (RSUs)

RSUs are a form of equity compensation issued by Okta.

Okta grants RSUs at no cost to you.

For each grant, Okta converts the value into a number of RSUs based on the monthly average closing price of one share of Okta in the month prior to the grant.

Employee Stock Purchase Plan

You have another opportunity to benefit from the company’s growth and the shareholder value your work helps to create. By choosing to participate in the employee stock purchase plan (ESPP), eligible employees can invest directly in the company—by purchasing shares of Okta stock at a discount.

Buy shares of Okta stock twice a year and get at least a 15% discount on your shares. Eligible employees have two opportunities each year to enroll: May and November.

Questions? Go to the Okta Equity page on The Landing or email Stock@okta.com.

The ESPP may be a great investment

Through simple after-tax payroll deductions, you can purchase shares of Okta stock at a minimum 15% discount.

You decide if you’d like to participate, and how much you’d like to contribute—anywhere from 1% to 15% of your eligible pay. Certain limits apply.

Enrol online in May or November

You must enrol for the ESPP while the enrolment period is open. If you miss the window, you’ll need to wait until the next open enrolment period.

Shares are purchased twice a year on June 20 and December 20

The amount you pay for the shares is the lower of two prices—the offering date price or the purchase date price. The 15% discount is applied to the lowest of the two prices.

Once purchased, your Okta shares are yours to keep

When the purchase period ends, shares are purchased for you and are deposited into your E*TRADE account. At that point, you own your Okta shares, and you decide how long to hold them.

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Okta offers several benefits that provide you with time away from work: From paid holidays to vacation time to rest, relax, and refresh, and volunteer time off to give back to communities in which we live and work. Be sure to give your manager advance notice before scheduling your time away. You should schedule your time off requests through Workday.

Holidays

2024 holidays (Plus up to 6 self-managed, floating holidays)

Each year, Okta offers several paid holidays, so you can take time away from work to celebrate with those you love. To see the full list of global paid holidays, view the global paid holiday calendar. You can also add these dates to your Google calendar.

We are excited to share that all of Okta will recognize the last week in December (December 23 - 27) as a global Wellbeing Week. This period is in addition to the New Year holiday(s) observed in your country.

Paid time off

Vacation

Eligibility: All employees in Switzerland.

Entitlement: 25 days annually.

Accrual rules: Balances are granted on 1 January or date of hire. New hires receive a prorated portion of the annual entitlement.

Carryover rules: All unused days carry forward from one calendar year to the next to be used by 30 June. Unused carryover balances are forfeited in July.

How to request vacation time: Submit requests in half or full day increments through Workday for manager approval.

Sick time

Eligibility: All employees in Switzerland.

Entitlement: 15-66 days annually based on years of service as follows:

• 15 days in the first year of service (following 3 months of employment).
• 22 days in the second year of service.
• 44 days in the third and fourth years of service.
• 66 days in the fith to ninth years of service.

Accrual rules: Balances are granted three months following the date of hire and refreshed each year on the anniversary of the hire date.

Carryover rules: Unused balances do not carry forward and are not paid out.

How to request sick time: Submit requests in half or full day increments through Workday for manager approval.

Additional information: Requests longer than 3 consecutive weeks will be treated as a sickness leave of absence.

Other time off

Volunteer time off (VTO)

Giving back to the communities in which we live and work is core to Okta’s mission. That’s why Okta provides and encourages employees to take four paid days off to engage in volunteer events each year with an eligible nonprofit.

Be sure to give your manager advance notice before scheduling your VTO.

Leaves of absence

Parental leave

Okta is proud to offer an 18-week parental leave that is equitable and extends to all parents, regardless of birthing or caregiver status. Okta coordinates with local statutory leave laws to provide you with income replacement while you’re away. You can take your leave all at once or intermittently (in at least week-long increments), within 12 months of your child’s birth or placement. For details on the parental policy or questions on your leave eligibility, email pops@okta.com.

If you need additional time off, talk to your manager about taking unpaid personal leave.

Other leaves

Okta recognises that from time to time, employees may have the need to take a leave of absence. Okta provides several types of other leaves to meet your needs.

Bereavement leave

Eligibility: All employees in Switzerland.

Entitlement: 3 or 5 days (see the “Additional Information” section below).

Accrual rules: Time is not accrued and does not carry a balance.

Carryover rules: Not applicable.

How to request bereavement leave: Submit requests through Workday for manager approval.

Additional information: Employees may take up to 5 days for the loss of an immediate family member or a loss of pregnancy, and up to 3 days for a non-immediate family member. Immediate family members include your spouse or domestic partner, child, sibling, parent or step-parent (including in-laws), grandparent or step-grandparent, grandchild or step-grandchild.

Attendance of a wedding leave

Eligibility: All employees in Switzerland.

Entitlement: 1 day per wedding.

Accrual rules: Time is not accrued and does not carry a balance.

Carryover rules: Not applicable.

How to request attendance of a wedding leave: Submit requests in half or full day increments through Workday for manager approval.

Marriage leave

Eligibility: All employees in Switzerland.

Entitlement: 3 days.

Accrual rules: Time is not accrued and does not carry a balance.

Carryover rules: Not applicable.

How to request a marriage leave: Submit requests in half or full day increments through Workday for manager approval.

Additional information: The entitlement is per marriage. Time off must be taken at the time of the marriage. Only an employee's own marriage qualifies.

Moving leave

Eligibility: All employees in Switzerland.

Entitlement: 1 day per move.

Accrual rules: Time is not accrued and does not carry a balance.

Carryover rules: Not applicable.

How to request a moving leave: Submit requests in half or full day increments through Workday for manager approval.

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Everyday Wellbeing

Global wellbeing

Employee assistance program (EAP)

Okta cares about your health and happiness. But sometimes, everyone needs a little help with balancing work, family, and everything in between. That’s why we partner with Modern Health to provide incredible benefits for your holistic well-being.

Modern Health, Okta’s EAP provider, balances on-demand digital tools with virtual coaching (and therapy, if needed). You set up the approach that best meets your needs. Your family members are also covered, all at no cost to you.

How Modern Health can help you and your family

Modern Health provides support for many areas:

• Work performance—find coaching and support to improve productivity, leadership skills, work relationships, and professional development
• Financial well-being—for example, when your student loan debt seems to take over, or you need help with saving for an emergency and planning for future financial needs
• Help with life challenges—like preparing for having a family, adjusting once you’re a parent, getting help with child care and elder care, and dealing with loss
• Diversity and inclusion—to better understand and overcome bias or find balance between your personal and work identity
• Stress and anxiety—for when even small things seem really big and scary
• Healthy lifestyles—to help you move more, eat healthier, and sleep better
• Mindfulness and meditation—techniques for managing stress, focusing, and meditating
• Relationships—with your partner, friends, family, and dating

You can share Modern Health with qualified dependents. Generally, this is consistent with how your health plan defines dependents. Some examples include:

• A legal spouse or registered domestic partner
• A child between the ages of 6 and 26
• A relative that resides in the same household

You will receive up to 8 therapy + 8 coaching sessions per person per calendar year, in addition to unlimited access to Modern Health digital resources, like Meditations and Soundscapes, and Community Circles.

Getting started with Modern Health

Modern Health dependent access is initiated by the employee through the app settings. They provide some basic information such as name, birthdate, and email address, and then Modern Health sends a message to them to register. In most countries it's only available to those 6+ for therapy, and 18+ for all content. Learn more about getting started with Modern Health.

Sign up! We recommend using the Modern Health app to get started, or you can register at Modern Health.

You can also access Modern Health via SSO on your mobile device. Follow these five steps:

1. Open Okta Verify.
2. Click on: Launch Dashboard.
3. Select: Sign in with Okta FastPass.
4. Search for Modern Health in Dashboard and launch it.
5. If you THEN download and open the Modern Health app, you should be automatically authenticated.

Take a confidential well-being assessment and go from there

You’ll complete a well-being survey, and from there Modern Health will deliver your personalised wellness plan, match you with the appropriate personal coach, and provide you with personalised links to the Modern Health digital library.

Connecting on your terms

Modern Health provides you with up to eight video sessions with your coach or therapist. You also have unlimited access to your coach through text or email.

If your coach or your well-being survey indicates you have a clinical need—for example, you may suffer from depression—Modern Health will recommend a therapist to work with in addition to your dedicated coach.

As you get to the end of your covered sessions, you and your coach or therapist can work with Modern Health to determine the next steps for continuing your relationship.

24/7 counselor phone support for urgent needs

Need support now? Modern Health provides 24/7 counselor phone support for urgent needs and critical incidents, extended work-life services, manager support for workplace concerns through their EAP partner, Workplace Options (WPO). You can find more information in this flyer or through Modern Health’s FAQ.  

Modern Health digital resources

Along with your confidential sessions with your coach or therapist, you’ll have access to a variety of helpful resources, such as: 

• Educational videos and flyers on helpful topics such as the difference between coaching and therapy, a coaching miniseries, caregiver resources, and support for children and adolescents.
• Self-guided courses on a variety of topics, such as: Building Healthy Habits, How to Set Yourself Up for Better Sleep, the Art of Giving & Receiving Feedback and more!
• Short meditations to help you practice mindfulness. 

Also, check out Circles, which are community spaces to help you learn, grow, and connect across topics that impact your day-to-day life. You have unlimited access to Circles – attend as many or as few as you like. Modern Health regularly refreshes the available topics so feel free to come back if you don’t see something for you right away. You can also view videos on demand, if you can’t make it to a live Circle. Learn more about Circles. 

Confidentiality assured

Any information you provide through Modern Health tools or discuss with your coach or therapist is confidential. Your name, records, and other private information will not be shared with Okta.

Life @ Okta

Please visit the Global Employee Experience page on The Landing to learn about all of our great programs!

Family support

Carrot Fertility healthcare and family forming services

We have partnered with Carrot Fertility to provide our employees with inclusive fertility, hormonal health, and family-forming benefits. Employees can utilize Carrot to get personalized support – regardless of age, race, income, sex, sexual orientation, gender, marital status, or geography.

Through Carrot, you can get support with:

• Understanding fertility health (e.g., fertility testing and ovulation tracking)
• Preservation (e.g., egg, sperm, embryo freezing)
• Assisted reproduction (e.g., in vitro fertilization)
• Adoption, gestational surrogacy, and donor assistance
• Pregnancy and postpartum (includes funds for doula support and milk shipping)
• Perimenopause, menopause, and low testosterone (i.e., low T)

You and your spouse or domestic partner are eligible to participate in the program provided you’re a full-time, benefits-eligible employee scheduled to work 30 or more hours per week. This is subject to any applicable foreign legal requirements.

How Carrot works

When you register with Carrot, you’ll be assigned a dedicated care team of benefits experts and fertility clinicians to support you with high-touch care and guidance throughout the family planning process.

• You can schedule a personal consultation with the Carrot care team – to learn more about your options and connect with a top provider in your area.
• You have access to Carrot’s global provider directory – including 2,700 clinics and 1,250 attorneys and agencies in more than 42 countries. Carrot also gives you discounts and expedited appointments at top fertility clinics.
• Your care team can also answer medical, legal, benefits coverage, and regulatory questions.

To get started, go to the Carrot website or use the Carrot app on your Okta dashboard.

Okta-provided funds to support your needs

Okta provides you with money for reimbursing your eligible expenses related to fertility healthcare and adoption.

The company may reimburse you for 100% of your eligible expenses, up to a $5,000 annual maximum. Expenses for you and/or your spouse or domestic partner are combined. Please note that some banks may charge an international transfer fee.

Review the Carrot benefit guide for more details and frequently asked questions about eligible fertility treatment and adoption expenses.

The following plan documents provide additional details about how Okta manages the program:

• Fertility program plan document
• Surrogacy program plan document
• Adoption assistance plan document
• Pregnancy support overview
• Menopause and low T support overview
• Infertility health reimbursement arrangement (HRA) plan document

Bump Boxes

Bump Boxes help Okta to celebrate and support expecting families during pregnancy, after your baby comes into the world, and as you return to work after bonding time with your new baby.

• When you register for Bump Boxes, you’ll receive three boxes with fun (and useful) swag that promotes a healthy pregnancy and things you can use when your baby arrives.
• Non-birthing Parents: You can sign up too! Your spouse/partner will receive the first Bump Box starting the third trimester. The second and third boxes will be sent shortly after the due date that you've provided.
• You can register at any time during pregnancy.

Grayce caregiver support

Whether you're planning for the future, helping a loved one now and then, or actively providing short- or long-term care, Grayce is here to support you. Grayce experts provide personalized support to navigate needs such as personal well-being, financial and legal planning, medical care, housing, and care at home or facilities.

Grayce offers 1:1 expert support, personalized content, and community. You'll be matched to a dedicated Grayce expert, who guides you through any stage of your care journey, whether you're navigating planning, ongoing care, transitions, crises, or bereavement. You can stay in touch with your Grayce expert via chat, phone, or video calls. 

Get personalized support from dedicated care experts to help loved ones and yourself.  Grace is available to all Okta employees. Once you sign up, you can invite others to join.

With Grayce, you have a supportive guide and concierge to help you:

• Understand your loved one's insurance and finances
• Find in-home care
• Navigate legal planning
• Address your own well-being while caring for your loved one

What’s covered?

Okta pays your Grayce subscription fee, which includes an initial consultation to create a care plan with a Grayce expert and an additional four hours of expert support. In addition, you have the option to purchase more hours of support if needed, which will be billed directly to you.

How do I enrol?

It's easy to get registered and start receiving support! Access your membership by enrolling with your Okta email address. 

To register, visit the Grayce website and follow the account overview guide. 

For help registering, contact the Grayce support team at team@withgrayce.com.

You can learn more about Grayce by watching the What is Grayce? video or review these FAQs.

Mobile phone and internet

Okta reimburses full-time employees for personal cell phone and internet service. A monthly maximum reimbursement amount applies. For more details, see the T&E policy on the Expenses Wiki.

You need to submit your cell phone and internet receipts for approval and reimbursement.

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Benefits Documents

Switzerland Benefits Summary 
Modern Health family and caregiver resources 
Behavioral health coverage by country medical plan
Gym and/or fitness discounts by country medical plan

Missed a Webinar?

You can view prior Benefit Webinar Recordings on OktaTV.

People Benefits Team

With questions, please submit a ticket through the People Portal from your Okta Dashboard or email pops@okta.com.

Local Benefits Broker Contact

Mercer    
Ivona Susnja     
+41 44 200 45 12     
Email

Financial + Rewards

Financial benefits

Business travel accident cover and travel assistance

AIG Travel Guard    
Policyholder: Okta, Inc.    
Policy number: 9159537     
Phone: 877-244-6871    
Email    
Website

Everyday Wellbeing

Global wellbeing

Employee assistance program (EAP)

Modern Health    
Email    
Website
Explore Modern Health Circles   
Apps

• App Store
• Google Play

Family support

Grayce caregiver support

Website    
Grayce support team: team@withgrayce.com

The official Plan Documents govern your eligibility for and rights and benefits under each plan. If a discrepancy exists between this website and the Plan Documents, the Plan Documents will prevail.

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Note: Some links on this page go to Okta Google documents which are for Okta employees and can only be accessed with an Okta account.