This report analyzes and compares APPLIED RESEARCH ASSOCIATES' employee health insurance and employee benefits with its industry and in New Mexico 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 RESEARCH ASSOCIATES has superb 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 APPLIED RESEARCH ASSOCIATES. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: APPLIED RESEARCH ASSOCIATES continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that APPLIED RESEARCH ASSOCIATES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: APPLIED RESEARCH ASSOCIATES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows APPLIED RESEARCH ASSOCIATES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: APPLIED RESEARCH ASSOCIATES has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: APPLIED RESEARCH ASSOCIATES does not offer leadership programs.
- ONBOARDING: APPLIED RESEARCH ASSOCIATES does not offer onboarding.
- RECOGNITION PROGRAMS: APPLIED RESEARCH ASSOCIATES has a superior Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: APPLIED RESEARCH ASSOCIATES has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at APPLIED RESEARCH ASSOCIATES.
Benefit | APPLIED RESEARCH ASSOCIATES | Industry | New Mexico |
|---|---|---|---|
| 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 RESEARCH ASSOCIATES has valuable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers valuable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a valuable healthcare spending account at their disposal.
- COUNSELING: APPLIED RESEARCH ASSOCIATES does not offer counseling.
- DENTAL PLAN: APPLIED RESEARCH ASSOCIATES offers a good dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: APPLIED RESEARCH ASSOCIATES provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: APPLIED RESEARCH ASSOCIATES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, APPLIED RESEARCH ASSOCIATES offers a solid 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: APPLIED RESEARCH ASSOCIATES has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: APPLIED RESEARCH ASSOCIATES has a great telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. APPLIED RESEARCH ASSOCIATES can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: APPLIED RESEARCH ASSOCIATES provides a superb 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 | APPLIED RESEARCH ASSOCIATES | Industry | New Mexico |
|---|---|---|---|
| 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 RESEARCH ASSOCIATES 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 RESEARCH ASSOCIATES does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: APPLIED RESEARCH ASSOCIATES has a first-class 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 RESEARCH ASSOCIATES.
- BONUS PAY: APPLIED RESEARCH ASSOCIATES has a great 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 RESEARCH ASSOCIATES has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: APPLIED RESEARCH ASSOCIATES offers extraordinary 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 RESEARCH ASSOCIATES has a great 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: APPLIED RESEARCH ASSOCIATES has an exceptional 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: APPLIED RESEARCH ASSOCIATES offers a suitable life insurance policy to its team members for an affordable price. APPLIED RESEARCH ASSOCIATES participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: APPLIED RESEARCH ASSOCIATES has an extraordinary vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: APPLIED RESEARCH ASSOCIATES has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, APPLIED RESEARCH ASSOCIATES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: APPLIED RESEARCH ASSOCIATES has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | APPLIED RESEARCH ASSOCIATES | Industry | New Mexico |
|---|---|---|---|
| 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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