This report analyzes and compares APPLIED OPTOELECTRONICS' employee health insurance and employee benefits with its industry and in Texas 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
APPLIED OPTOELECTRONICS offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. APPLIED OPTOELECTRONICS believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: APPLIED OPTOELECTRONICS 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. APPLIED OPTOELECTRONICS has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: APPLIED OPTOELECTRONICS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows APPLIED OPTOELECTRONICS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: APPLIED OPTOELECTRONICS has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: APPLIED OPTOELECTRONICS is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, APPLIED OPTOELECTRONICS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: APPLIED OPTOELECTRONICS is aware of the difficulties that new employees might experience when they join the team. That's why APPLIED OPTOELECTRONICS has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, APPLIED OPTOELECTRONICS implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: APPLIED OPTOELECTRONICS has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at APPLIED OPTOELECTRONICS.
Benefit | APPLIED OPTOELECTRONICS | Industry | Texas |
|---|---|---|---|
| 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
APPLIED OPTOELECTRONICS offers superior 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 APPLIED OPTOELECTRONICS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: APPLIED OPTOELECTRONICS does not offer counseling.
- DENTAL PLAN: Team members at APPLIED OPTOELECTRONICS have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. APPLIED OPTOELECTRONICS partially pays for dentures and braces as well.
- HEALTH INSURANCE: APPLIED OPTOELECTRONICS offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: APPLIED OPTOELECTRONICS is aware of the fact that a healthy employee is a productive employee so it offers outstanding health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: APPLIED OPTOELECTRONICS has a remarkable healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, APPLIED OPTOELECTRONICS has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: APPLIED OPTOELECTRONICS has an extraordinary telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: APPLIED OPTOELECTRONICS offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | APPLIED OPTOELECTRONICS | Industry | Texas |
|---|---|---|---|
| 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
APPLIED OPTOELECTRONICS offers superb financial benefits for employees and their family members. A superb 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: APPLIED OPTOELECTRONICS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: APPLIED OPTOELECTRONICS has a superior Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by APPLIED OPTOELECTRONICS.
- BONUS PAY: APPLIED OPTOELECTRONICS has a suitable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: APPLIED OPTOELECTRONICS does not offer childcare discount.
- COMMUTER BENEFIT: APPLIED OPTOELECTRONICS offers outstanding commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: APPLIED OPTOELECTRONICS offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: APPLIED OPTOELECTRONICS offers a first-class short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: APPLIED OPTOELECTRONICS has a superb 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: APPLIED OPTOELECTRONICS wants for its team members to lead a happy and fulfilled life so it has a suitable 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: APPLIED OPTOELECTRONICS does not offer paid volunteer time off.
- PARENTAL LEAVE: APPLIED OPTOELECTRONICS has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | APPLIED OPTOELECTRONICS | Industry | Texas |
|---|---|---|---|
| 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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