This report analyzes and compares BEST YET MARKET's 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
BEST YET MARKET offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. BEST YET MARKET believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: BEST YET MARKET offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, BEST YET MARKET makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a good coaching and mentoring program, BEST YET MARKET can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: BEST YET MARKET encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, BEST YET MARKET 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: BEST YET MARKET does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: BEST YET MARKET believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that BEST YET MARKET provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: BEST YET MARKET offers a superior 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, BEST YET MARKET implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: BEST YET MARKET has a valuable 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 | BEST YET MARKET | 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
BEST YET MARKET offers top-notch 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 BEST YET MARKET's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BEST YET MARKET has an extraordinary counseling program for its employees and their family members. Team members are encouraged by BEST YET MARKET 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 extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: BEST YET MARKET cares about its team members' dental health so it offers an exceptional 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: BEST YET MARKET offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: BEST YET MARKET offers its team members superb 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. BEST YET MARKET provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: BEST YET MARKET offers an excellent 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: Aware of the challenges that come with pregnancy, BEST YET MARKET has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: BEST YET MARKET does not offer telehealth.
- VISION PLAN: BEST YET MARKET provides a superb Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | BEST YET MARKET | 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
BEST YET MARKET 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: BEST YET MARKET knows how important it is to think about retirement and start saving on time. That's why it offers a solid 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and BEST YET MARKET will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, BEST YET MARKET provides resources which will help team members decide what to do with their 401(k) plan. BEST YET MARKET offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: BEST YET MARKET does not offer adoption assistance reimbursement.
- BONUS PAY: BEST YET MARKET has an exceptional 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: BEST YET MARKET cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: BEST YET MARKET offers exceptional 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: BEST YET MARKET 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: BEST YET MARKET has a solid 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 solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: BEST YET MARKET offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: BEST YET MARKET wants for its team members to lead a happy and fulfilled life so it has a great 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: BEST YET MARKET believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why BEST YET MARKET offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: BEST YET MARKET has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BEST YET MARKET | 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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