This report analyzes and compares ASSOCIATED PRESS' employee health insurance and employee benefits with its industry and in New York 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
ASSOCIATED PRESS 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 ASSOCIATED PRESS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ASSOCIATED PRESS continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that ASSOCIATED PRESS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: ASSOCIATED PRESS offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: ASSOCIATED PRESS encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, ASSOCIATED PRESS supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: ASSOCIATED PRESS has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: ASSOCIATED PRESS offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by ASSOCIATED PRESS to grow as leaders and learn how to make tough calls.
- ONBOARDING: ASSOCIATED PRESS is aware of the difficulties that new employees might experience when they join the team. That's why ASSOCIATED PRESS has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: ASSOCIATED PRESS has a top-notch 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: ASSOCIATED PRESS realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | ASSOCIATED PRESS | Industry | New York |
|---|---|---|---|
| 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
ASSOCIATED PRESS 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 ASSOCIATED PRESS's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ASSOCIATED PRESS does not offer counseling.
- DENTAL PLAN: ASSOCIATED PRESS offers a great 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: ASSOCIATED PRESS offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: ASSOCIATED PRESS offers its team members top-notch health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. ASSOCIATED PRESS provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: ASSOCIATED PRESS 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, ASSOCIATED PRESS has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: ASSOCIATED PRESS has a good 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. ASSOCIATED PRESS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ASSOCIATED PRESS has an extraordinary Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | ASSOCIATED PRESS | Industry | New York |
|---|---|---|---|
| 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
ASSOCIATED PRESS 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: ASSOCIATED PRESS has a superb 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. ASSOCIATED PRESS 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 superb ASSOCIATED PRESS has Matching program that matches 75% of employees' contributions. Whatever ASSOCIATED PRESS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave ASSOCIATED PRESS. Recognizing that every team member is unique, with specific needs and goals, ASSOCIATED PRESS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: ASSOCIATED PRESS has an outstanding 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: ASSOCIATED PRESS 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: ASSOCIATED PRESS cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: ASSOCIATED PRESS has a great 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: ASSOCIATED PRESS 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: ASSOCIATED PRESS offers a superb 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: ASSOCIATED PRESS offers an excellent life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: ASSOCIATED PRESS 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: ASSOCIATED PRESS recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ASSOCIATED PRESS, on volunteer work of their choice.
- PARENTAL LEAVE: ASSOCIATED PRESS has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ASSOCIATED PRESS | Industry | New York |
|---|---|---|---|
| 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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