This report analyzes and compares BED BATH & BEYOND's employee health insurance and employee benefits with its industry and in New Jersey 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
BED BATH & BEYOND 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 BED BATH & BEYOND. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BED BATH & BEYOND offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, BED BATH & BEYOND makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: BED BATH & BEYOND offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: BED BATH & BEYOND encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, BED BATH & BEYOND 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: BED BATH & BEYOND has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: BED BATH & BEYOND offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by BED BATH & BEYOND to grow as leaders and learn how to make tough calls.
- ONBOARDING: BED BATH & BEYOND offers a superb 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: BED BATH & BEYOND knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to BED BATH & BEYOND.
- TUITION REIMBURSEMENT: BED BATH & BEYOND 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 | BED BATH & BEYOND | Industry | New Jersey |
|---|---|---|---|
| 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
BED BATH & BEYOND 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 BED BATH & BEYOND's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BED BATH & BEYOND does not offer counseling.
- DENTAL PLAN: BED BATH & BEYOND 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: BED BATH & BEYOND offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: BED BATH & BEYOND 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: BED BATH & BEYOND has a first-class 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: BED BATH & BEYOND offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: BED BATH & BEYOND 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. BED BATH & BEYOND can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: BED BATH & BEYOND 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 | BED BATH & BEYOND | Industry | New Jersey |
|---|---|---|---|
| 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
BED BATH & BEYOND offers superior financial benefits for employees and their family members. A superior 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: BED BATH & BEYOND 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. BED BATH & BEYOND 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 BED BATH & BEYOND has Matching program that matches 75% of employees' contributions. Whatever BED BATH & BEYOND contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BED BATH & BEYOND. Recognizing that every team member is unique, with specific needs and goals, BED BATH & BEYOND keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BED BATH & BEYOND has an exceptional 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: BED BATH & BEYOND 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: BED BATH & BEYOND offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: BED BATH & BEYOND has a good 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: BED BATH & BEYOND offers a superb 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: BED BATH & BEYOND has an outstanding 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: BED BATH & BEYOND has a remarkable life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: BED BATH & BEYOND realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why BED BATH & BEYOND has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: BED BATH & BEYOND does not offer paid volunteer time off.
- PARENTAL LEAVE: BED BATH & BEYOND has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BED BATH & BEYOND | Industry | New Jersey |
|---|---|---|---|
| 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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