This report analyzes and compares AVANTOR PERFORMANCE MATERIALS' employee health insurance and employee benefits with its industry and in Pennsylvania 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
AVANTOR PERFORMANCE MATERIALS has top-notch 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 AVANTOR PERFORMANCE MATERIALS. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: AVANTOR PERFORMANCE MATERIALS continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that AVANTOR PERFORMANCE MATERIALS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a good coaching and mentoring program, AVANTOR PERFORMANCE MATERIALS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows AVANTOR PERFORMANCE MATERIALS 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: AVANTOR PERFORMANCE MATERIALS does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: AVANTOR PERFORMANCE MATERIALS offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by AVANTOR PERFORMANCE MATERIALS to grow as leaders and learn how to make tough calls.
- ONBOARDING: AVANTOR PERFORMANCE MATERIALS is aware of the difficulties that new employees might experience when they join the team. That's why AVANTOR PERFORMANCE MATERIALS has a solid 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, AVANTOR PERFORMANCE MATERIALS implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: AVANTOR PERFORMANCE MATERIALS 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 AVANTOR PERFORMANCE MATERIALS.
Benefit | AVANTOR PERFORMANCE MATERIALS | Industry | Pennsylvania |
|---|---|---|---|
| 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
AVANTOR PERFORMANCE MATERIALS 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 AVANTOR PERFORMANCE MATERIALS's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: AVANTOR PERFORMANCE MATERIALS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why AVANTOR PERFORMANCE MATERIALS implemented a great counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: AVANTOR PERFORMANCE MATERIALS 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: AVANTOR PERFORMANCE MATERIALS offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: AVANTOR PERFORMANCE MATERIALS is aware of the fact that a healthy employee is a productive employee so it offers extraordinary 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: AVANTOR PERFORMANCE MATERIALS offers an exceptional healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: AVANTOR PERFORMANCE MATERIALS has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: AVANTOR PERFORMANCE MATERIALS has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. AVANTOR PERFORMANCE MATERIALS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: AVANTOR PERFORMANCE MATERIALS 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 | AVANTOR PERFORMANCE MATERIALS | Industry | Pennsylvania |
|---|---|---|---|
| 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
AVANTOR PERFORMANCE MATERIALS offers remarkable financial benefits for employees and their family members. A remarkable 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: AVANTOR PERFORMANCE MATERIALS has an exceptional 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, AVANTOR PERFORMANCE MATERIALS offers an exceptional program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, AVANTOR PERFORMANCE MATERIALS offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: AVANTOR PERFORMANCE MATERIALS has a top-notch 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 AVANTOR PERFORMANCE MATERIALS.
- BONUS PAY: AVANTOR PERFORMANCE MATERIALS has an extraordinary bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: AVANTOR PERFORMANCE MATERIALS does not offer childcare discount.
- COMMUTER BENEFIT: AVANTOR PERFORMANCE MATERIALS 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: AVANTOR PERFORMANCE MATERIALS 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: AVANTOR PERFORMANCE MATERIALS 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: AVANTOR PERFORMANCE MATERIALS offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: AVANTOR PERFORMANCE MATERIALS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why AVANTOR PERFORMANCE MATERIALS has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: AVANTOR PERFORMANCE MATERIALS recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by AVANTOR PERFORMANCE MATERIALS, on volunteer work of their choice.
- PARENTAL LEAVE: AVANTOR PERFORMANCE MATERIALS has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | AVANTOR PERFORMANCE MATERIALS | Industry | Pennsylvania |
|---|---|---|---|
| 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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