This report analyzes and compares ASEA's employee health insurance and employee benefits with its industry and in Utah 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
ASEA offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. ASEA believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: ASEA 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. ASEA has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, ASEA can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: ASEA offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: ASEA does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: ASEA is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, ASEA ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: ASEA does not offer onboarding.
- RECOGNITION PROGRAMS: ASEA knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to ASEA.
- TUITION REIMBURSEMENT: ASEA has a suitable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | ASEA | Industry | Utah |
|---|---|---|---|
| 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
ASEA offers remarkable 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 ASEA's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ASEA has an exceptional counseling program for its employees and their family members. Team members are encouraged by ASEA to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: ASEA offers a valuable 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: ASEA provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: ASEA 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: To financially help its team members with medical emergencies, ASEA 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: Aware of the challenges that come with pregnancy, ASEA has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: ASEA has a valuable 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. ASEA can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ASEA provides a top-notch 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 | ASEA | Industry | Utah |
|---|---|---|---|
| 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
Team members enjoy great financial benefits at ASEA. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. ASEA offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect ASEA to partially cover the expenses.
- 401(K) PLAN: ASEA has a superior 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. ASEA 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 superior ASEA has Matching program that matches 75% of employees' contributions. Whatever ASEA contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave ASEA. Recognizing that every team member is unique, with specific needs and goals, ASEA keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: ASEA does not offer adoption assistance reimbursement.
- BONUS PAY: ASEA has a solid 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: ASEA offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: ASEA has a valuable 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: ASEA offers a top-notch daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: ASEA has a solid disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: ASEA offers a good life insurance policy to its team members for an affordable price. ASEA 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: ASEA has an impressive 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: ASEA has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, ASEA stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: ASEA has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ASEA | Industry | Utah |
|---|---|---|---|
| 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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