This report analyzes and compares BIG 5 SPORTING GOODS CORPORATION'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
BIG 5 SPORTING GOODS CORPORATION has superb 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 BIG 5 SPORTING GOODS CORPORATION. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BIG 5 SPORTING GOODS CORPORATION continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that BIG 5 SPORTING GOODS CORPORATION uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: BIG 5 SPORTING GOODS CORPORATION believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: BIG 5 SPORTING GOODS CORPORATION offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: BIG 5 SPORTING GOODS CORPORATION does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: BIG 5 SPORTING GOODS CORPORATION offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by BIG 5 SPORTING GOODS CORPORATION to grow as leaders and learn how to make tough calls.
- ONBOARDING: BIG 5 SPORTING GOODS CORPORATION does not offer onboarding.
- RECOGNITION PROGRAMS: BIG 5 SPORTING GOODS CORPORATION knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to BIG 5 SPORTING GOODS CORPORATION.
- TUITION REIMBURSEMENT: BIG 5 SPORTING GOODS CORPORATION realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | BIG 5 SPORTING GOODS CORPORATION | 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
BIG 5 SPORTING GOODS CORPORATION has suitable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers suitable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a suitable healthcare spending account at their disposal.
- COUNSELING: BIG 5 SPORTING GOODS CORPORATION wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class 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: BIG 5 SPORTING GOODS CORPORATION offers a suitable 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: BIG 5 SPORTING GOODS CORPORATION offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: BIG 5 SPORTING GOODS CORPORATION does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: BIG 5 SPORTING GOODS CORPORATION has a superior 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: BIG 5 SPORTING GOODS CORPORATION has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: BIG 5 SPORTING GOODS CORPORATION has a valuable 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. BIG 5 SPORTING GOODS CORPORATION can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: BIG 5 SPORTING GOODS CORPORATION 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 | BIG 5 SPORTING GOODS CORPORATION | 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
BIG 5 SPORTING GOODS CORPORATION 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: BIG 5 SPORTING GOODS CORPORATION knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 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 BIG 5 SPORTING GOODS CORPORATION 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, BIG 5 SPORTING GOODS CORPORATION provides resources which will help team members decide what to do with their 401(k) plan. BIG 5 SPORTING GOODS CORPORATION offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: BIG 5 SPORTING GOODS CORPORATION has a remarkable 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 BIG 5 SPORTING GOODS CORPORATION.
- BONUS PAY: BIG 5 SPORTING GOODS CORPORATION offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for BIG 5 SPORTING GOODS CORPORATION, and encourage others to do the same.
- CHILDCARE DISCOUNT: BIG 5 SPORTING GOODS CORPORATION does not offer childcare discount.
- COMMUTER BENEFIT: BIG 5 SPORTING GOODS CORPORATION 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: BIG 5 SPORTING GOODS CORPORATION offers a first-class 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: BIG 5 SPORTING GOODS CORPORATION 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: BIG 5 SPORTING GOODS CORPORATION offers a suitable life insurance policy to its team members for an affordable price. BIG 5 SPORTING GOODS CORPORATION 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: BIG 5 SPORTING GOODS CORPORATION has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: BIG 5 SPORTING GOODS CORPORATION does not offer paid volunteer time off.
- PARENTAL LEAVE: BIG 5 SPORTING GOODS CORPORATION has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BIG 5 SPORTING GOODS CORPORATION | 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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