This report analyzes and compares BOSCH REXROTH's employee health insurance and employee benefits with its industry and in North Carolina 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
BOSCH REXROTH 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 BOSCH REXROTH. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BOSCH REXROTH offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, BOSCH REXROTH makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: By using a great coaching and mentoring program, BOSCH REXROTH can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: BOSCH REXROTH encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, BOSCH REXROTH supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: BOSCH REXROTH has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: BOSCH REXROTH is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, BOSCH REXROTH ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: BOSCH REXROTH 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: BOSCH REXROTH 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 BOSCH REXROTH.
- TUITION REIMBURSEMENT: BOSCH REXROTH realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | BOSCH REXROTH | Industry | North Carolina |
|---|---|---|---|
| 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
BOSCH REXROTH offers superb 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 BOSCH REXROTH's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BOSCH REXROTH is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why BOSCH REXROTH implemented a solid counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: BOSCH REXROTH 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: BOSCH REXROTH provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: BOSCH REXROTH offers its team members remarkable 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. BOSCH REXROTH provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, BOSCH REXROTH offers a great healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, BOSCH REXROTH has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: BOSCH REXROTH does not offer telehealth.
- VISION PLAN: BOSCH REXROTH offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | BOSCH REXROTH | Industry | North Carolina |
|---|---|---|---|
| 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
BOSCH REXROTH offers top-notch financial benefits for employees and their family members. A top-notch 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: BOSCH REXROTH has a remarkable 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. BOSCH REXROTH 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 remarkable BOSCH REXROTH has Matching program that matches 75% of employees' contributions. Whatever BOSCH REXROTH contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BOSCH REXROTH. Recognizing that every team member is unique, with specific needs and goals, BOSCH REXROTH keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BOSCH REXROTH 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: BOSCH REXROTH offers superb bonuses to team members who excel in their field of work, provide extraordinary results for BOSCH REXROTH, and encourage others to do the same.
- CHILDCARE DISCOUNT: BOSCH REXROTH has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: BOSCH REXROTH offers excellent 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: BOSCH REXROTH 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: BOSCH REXROTH has an excellent 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: BOSCH REXROTH offers a suitable life insurance policy to its team members for an affordable price. BOSCH REXROTH 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: BOSCH REXROTH realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why BOSCH REXROTH has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: BOSCH REXROTH has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, BOSCH REXROTH stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: BOSCH REXROTH has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BOSCH REXROTH | Industry | North Carolina |
|---|---|---|---|
| 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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