This report analyzes and compares 99 CENTS ONLY STORES' employee health insurance and employee benefits with its industry and in California State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
99 CENTS ONLY STORES has remarkable career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the 99 CENTS ONLY STORES. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: 99 CENTS ONLY STORES believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. 99 CENTS ONLY STORES has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: 99 CENTS ONLY STORES offers remarkable coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: 99 CENTS ONLY STORES encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, 99 CENTS ONLY STORES supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: 99 CENTS ONLY STORES has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: 99 CENTS ONLY STORES does not offer leadership programs.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why 99 CENTS ONLY STORES offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: 99 CENTS ONLY STORES knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to 99 CENTS ONLY STORES.
- TUITION REIMBURSEMENT: 99 CENTS ONLY STORES realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | 99 CENTS ONLY STORES | Industry | California |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
99 CENTS ONLY STORES offers top-notch health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy 99 CENTS ONLY STORES's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: 99 CENTS ONLY STORES does not offer counseling.
- DENTAL PLAN: 99 CENTS ONLY STORES cares about its team members' dental health so it offers an impressive dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: 99 CENTS ONLY STORES offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: 99 CENTS ONLY STORES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, 99 CENTS ONLY STORES offers a suitable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: 99 CENTS ONLY STORES offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: 99 CENTS ONLY STORES has implemented a first-class telehealth policy for its members to use any time of the day, every single day. 99 CENTS ONLY STORES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: 99 CENTS ONLY STORES provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | 99 CENTS ONLY STORES | Industry | California |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
99 CENTS ONLY STORES offers top-notch financial benefits for employees and their family members. A top-notch 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: 99 CENTS ONLY STORES has a first-class 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. 99 CENTS ONLY STORES provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a first-class 99 CENTS ONLY STORES has Matching program that matches 75% of employees' contributions. Whatever 99 CENTS ONLY STORES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave 99 CENTS ONLY STORES. Recognizing that every team member is unique, with specific needs and goals, 99 CENTS ONLY STORES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: 99 CENTS ONLY STORES has an extraordinary Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: 99 CENTS ONLY STORES offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for 99 CENTS ONLY STORES, and encourage others to do the same.
- CHILDCARE DISCOUNT: 99 CENTS ONLY STORES does not offer childcare discount.
- COMMUTER BENEFIT: 99 CENTS ONLY STORES has a good commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: 99 CENTS ONLY STORES has a suitable daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: 99 CENTS ONLY STORES has an excellent disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: 99 CENTS ONLY STORES has a first-class life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: 99 CENTS ONLY STORES wants for its team members to lead a happy and fulfilled life so it has a good vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: 99 CENTS ONLY STORES has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, 99 CENTS ONLY STORES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: 99 CENTS ONLY STORES has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | 99 CENTS ONLY STORES | Industry | California |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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