This report analyzes and compares CARETECH SOLUTIONS' employee health insurance and employee benefits with its industry and in Michigan 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
CARETECH SOLUTIONS 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 CARETECH SOLUTIONS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CARETECH SOLUTIONS offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CARETECH SOLUTIONS makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a great coaching and mentoring program, CARETECH SOLUTIONS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: CARETECH SOLUTIONS encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, CARETECH SOLUTIONS 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: CARETECH SOLUTIONS has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: CARETECH SOLUTIONS offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by CARETECH SOLUTIONS to grow as leaders and learn how to make tough calls.
- ONBOARDING: CARETECH SOLUTIONS offers a first-class 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, CARETECH SOLUTIONS implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: CARETECH SOLUTIONS realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | CARETECH SOLUTIONS | Industry | Michigan |
|---|---|---|---|
| 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
CARETECH SOLUTIONS 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: CARETECH SOLUTIONS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CARETECH SOLUTIONS 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: CARETECH SOLUTIONS offers a solid 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: CARETECH SOLUTIONS offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: CARETECH SOLUTIONS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: CARETECH SOLUTIONS offers an extraordinary 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, CARETECH SOLUTIONS has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: CARETECH SOLUTIONS 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. CARETECH SOLUTIONS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: CARETECH SOLUTIONS 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 | CARETECH SOLUTIONS | Industry | Michigan |
|---|---|---|---|
| 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
Team members enjoy great financial benefits at CARETECH SOLUTIONS. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. CARETECH SOLUTIONS offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CARETECH SOLUTIONS to partially cover the expenses.
- 401(K) PLAN: CARETECH SOLUTIONS has a first-class 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. CARETECH SOLUTIONS 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 first-class CARETECH SOLUTIONS has Matching program that matches 75% of employees' contributions. Whatever CARETECH SOLUTIONS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave CARETECH SOLUTIONS. Recognizing that every team member is unique, with specific needs and goals, CARETECH SOLUTIONS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: CARETECH SOLUTIONS has an outstanding 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: CARETECH SOLUTIONS has a good 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: CARETECH SOLUTIONS does not offer childcare discount.
- COMMUTER BENEFIT: CARETECH SOLUTIONS acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CARETECH SOLUTIONS offers a top-notch 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: CARETECH SOLUTIONS has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: CARETECH SOLUTIONS offers a great life insurance policy to its team members for an affordable price. CARETECH SOLUTIONS 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: CARETECH SOLUTIONS 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: CARETECH SOLUTIONS does not offer paid volunteer time off.
- PARENTAL LEAVE: CARETECH SOLUTIONS has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CARETECH SOLUTIONS | Industry | Michigan |
|---|---|---|---|
| 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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