This report analyzes and compares BASSETT FURNITURE INDUSTRIES' employee health insurance and employee benefits with its industry and in Virginia 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
BASSETT FURNITURE INDUSTRIES has superior 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 BASSETT FURNITURE INDUSTRIES. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BASSETT FURNITURE INDUSTRIES 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. BASSETT FURNITURE INDUSTRIES has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: BASSETT FURNITURE INDUSTRIES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows BASSETT FURNITURE INDUSTRIES 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: BASSETT FURNITURE INDUSTRIES has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: BASSETT FURNITURE INDUSTRIES offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by BASSETT FURNITURE INDUSTRIES to grow as leaders and learn how to make tough calls.
- ONBOARDING: BASSETT FURNITURE INDUSTRIES offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, BASSETT FURNITURE INDUSTRIES implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: BASSETT FURNITURE INDUSTRIES has a solid 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 | BASSETT FURNITURE INDUSTRIES | Industry | Virginia |
|---|---|---|---|
| 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
BASSETT FURNITURE INDUSTRIES offers first-class 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 BASSETT FURNITURE INDUSTRIES's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BASSETT FURNITURE INDUSTRIES has an excellent counseling program for its employees and their family members. Team members are encouraged by BASSETT FURNITURE INDUSTRIES 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 excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at BASSETT FURNITURE INDUSTRIES have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. BASSETT FURNITURE INDUSTRIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: BASSETT FURNITURE INDUSTRIES offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: BASSETT FURNITURE INDUSTRIES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: BASSETT FURNITURE INDUSTRIES offers an extraordinary 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: BASSETT FURNITURE INDUSTRIES has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: BASSETT FURNITURE INDUSTRIES has a solid 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. BASSETT FURNITURE INDUSTRIES can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: BASSETT FURNITURE INDUSTRIES offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | BASSETT FURNITURE INDUSTRIES | Industry | Virginia |
|---|---|---|---|
| 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
BASSETT FURNITURE INDUSTRIES offers first-class financial benefits for employees and their family members. A first-class 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: BASSETT FURNITURE INDUSTRIES has an impressive 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, BASSETT FURNITURE INDUSTRIES offers an impressive 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, BASSETT FURNITURE INDUSTRIES offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: BASSETT FURNITURE INDUSTRIES does not offer adoption assistance reimbursement.
- BONUS PAY: BASSETT FURNITURE INDUSTRIES 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: BASSETT FURNITURE INDUSTRIES cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: BASSETT FURNITURE INDUSTRIES 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: BASSETT FURNITURE INDUSTRIES 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: BASSETT FURNITURE INDUSTRIES has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: BASSETT FURNITURE INDUSTRIES offers a good life insurance policy to its team members for an affordable price. BASSETT FURNITURE INDUSTRIES 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: BASSETT FURNITURE INDUSTRIES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why BASSETT FURNITURE INDUSTRIES has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: BASSETT FURNITURE INDUSTRIES believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why BASSETT FURNITURE INDUSTRIES offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: BASSETT FURNITURE INDUSTRIES has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BASSETT FURNITURE INDUSTRIES | Industry | Virginia |
|---|---|---|---|
| 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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