This report analyzes and compares BERKELEY ENGINEERING FUND's employee health insurance and employee benefits with its industry and in California 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
BERKELEY ENGINEERING FUND 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 BERKELEY ENGINEERING FUND. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BERKELEY ENGINEERING FUND continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that BERKELEY ENGINEERING FUND uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: BERKELEY ENGINEERING FUND believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: BERKELEY ENGINEERING FUND encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, BERKELEY ENGINEERING FUND supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: BERKELEY ENGINEERING FUND does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: BERKELEY ENGINEERING FUND offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by BERKELEY ENGINEERING FUND to grow as leaders and learn how to make tough calls.
- ONBOARDING: BERKELEY ENGINEERING FUND is aware of the difficulties that new employees might experience when they join the team. That's why BERKELEY ENGINEERING FUND has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: BERKELEY ENGINEERING FUND knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to BERKELEY ENGINEERING FUND.
- TUITION REIMBURSEMENT: BERKELEY ENGINEERING FUND 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 | BERKELEY ENGINEERING FUND | Industry | California |
|---|---|---|---|
| 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
BERKELEY ENGINEERING FUND 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 BERKELEY ENGINEERING FUND's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BERKELEY ENGINEERING FUND wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at BERKELEY ENGINEERING FUND have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. BERKELEY ENGINEERING FUND partially pays for dentures and braces as well.
- HEALTH INSURANCE: BERKELEY ENGINEERING FUND provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: BERKELEY ENGINEERING FUND offers its team members superior 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. BERKELEY ENGINEERING FUND provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: BERKELEY ENGINEERING FUND has a superb 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, BERKELEY ENGINEERING FUND has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: BERKELEY ENGINEERING FUND has implemented a first-class telehealth policy for its members to use any time of the day, every single day. BERKELEY ENGINEERING FUND covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: BERKELEY ENGINEERING FUND 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 | BERKELEY ENGINEERING FUND | Industry | California |
|---|---|---|---|
| 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
BERKELEY ENGINEERING FUND 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: BERKELEY ENGINEERING FUND 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. BERKELEY ENGINEERING FUND 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 BERKELEY ENGINEERING FUND has Matching program that matches 75% of employees' contributions. Whatever BERKELEY ENGINEERING FUND contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BERKELEY ENGINEERING FUND. Recognizing that every team member is unique, with specific needs and goals, BERKELEY ENGINEERING FUND keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BERKELEY ENGINEERING FUND 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 BERKELEY ENGINEERING FUND.
- BONUS PAY: BERKELEY ENGINEERING FUND offers superb bonuses to team members who excel in their field of work, provide extraordinary results for BERKELEY ENGINEERING FUND, and encourage others to do the same.
- CHILDCARE DISCOUNT: BERKELEY ENGINEERING FUND has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: BERKELEY ENGINEERING FUND 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: BERKELEY ENGINEERING FUND offers a remarkable 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: BERKELEY ENGINEERING FUND has an exceptional 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: BERKELEY ENGINEERING FUND offers a suitable life insurance policy to its team members for an affordable price. BERKELEY ENGINEERING FUND 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: BERKELEY ENGINEERING FUND wants for its team members to lead a happy and fulfilled life so it has a suitable vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: BERKELEY ENGINEERING FUND does not offer paid volunteer time off.
- PARENTAL LEAVE: BERKELEY ENGINEERING FUND has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BERKELEY ENGINEERING FUND | Industry | California |
|---|---|---|---|
| 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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