This report analyzes and compares CAPELLA EDUCATION COMPANY's employee health insurance and employee benefits with its industry and in Minnesota 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
CAPELLA EDUCATION COMPANY offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. CAPELLA EDUCATION COMPANY believes that every employee has a valuable set of skills so it helps them plan their careers with valuable developmental resources and mentorships.
- CAREER PLANNING: CAPELLA EDUCATION COMPANY offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CAPELLA EDUCATION COMPANY makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: CAPELLA EDUCATION COMPANY believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: CAPELLA EDUCATION COMPANY offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: CAPELLA EDUCATION COMPANY does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: CAPELLA EDUCATION COMPANY is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, CAPELLA EDUCATION COMPANY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: CAPELLA EDUCATION COMPANY does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, CAPELLA EDUCATION COMPANY implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: CAPELLA EDUCATION COMPANY has a suitable 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 | CAPELLA EDUCATION COMPANY | Industry | Minnesota |
|---|---|---|---|
| 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
CAPELLA EDUCATION COMPANY offers superior 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 CAPELLA EDUCATION COMPANY's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CAPELLA EDUCATION COMPANY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CAPELLA EDUCATION COMPANY implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at CAPELLA EDUCATION COMPANY have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. CAPELLA EDUCATION COMPANY partially pays for dentures and braces as well.
- HEALTH INSURANCE: CAPELLA EDUCATION COMPANY 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: In an effort to improve the wellbeing and quality of life of its team members, CAPELLA EDUCATION COMPANY offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, CAPELLA EDUCATION COMPANY offers a valuable 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, CAPELLA EDUCATION COMPANY has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: CAPELLA EDUCATION COMPANY has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. CAPELLA EDUCATION COMPANY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: CAPELLA EDUCATION COMPANY provides a remarkable 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 | CAPELLA EDUCATION COMPANY | Industry | Minnesota |
|---|---|---|---|
| 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
CAPELLA EDUCATION COMPANY 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: CAPELLA EDUCATION COMPANY 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 CAPELLA EDUCATION COMPANY 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, CAPELLA EDUCATION COMPANY provides resources which will help team members decide what to do with their 401(k) plan. CAPELLA EDUCATION COMPANY offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: CAPELLA EDUCATION COMPANY does not offer adoption assistance reimbursement.
- BONUS PAY: CAPELLA EDUCATION COMPANY 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: CAPELLA EDUCATION COMPANY has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: CAPELLA EDUCATION COMPANY acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CAPELLA EDUCATION COMPANY offers a superior 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: CAPELLA EDUCATION COMPANY 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: CAPELLA EDUCATION COMPANY offers an excellent 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 excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: CAPELLA EDUCATION COMPANY 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: CAPELLA EDUCATION COMPANY does not offer paid volunteer time off.
- PARENTAL LEAVE: CAPELLA EDUCATION COMPANY has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CAPELLA EDUCATION COMPANY | Industry | Minnesota |
|---|---|---|---|
| 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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