This report analyzes and compares CAROLINA CHALLENGE'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
CAROLINA CHALLENGE offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. CAROLINA CHALLENGE believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: CAROLINA CHALLENGE offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CAROLINA CHALLENGE makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: CAROLINA CHALLENGE offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: impressive development resources are what allows CAROLINA CHALLENGE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: CAROLINA CHALLENGE does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: CAROLINA CHALLENGE does not offer leadership programs.
- ONBOARDING: CAROLINA CHALLENGE is aware of the difficulties that new employees might experience when they join the team. That's why CAROLINA CHALLENGE has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, CAROLINA CHALLENGE implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: CAROLINA CHALLENGE has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at CAROLINA CHALLENGE.
Benefit | CAROLINA CHALLENGE | 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
CAROLINA CHALLENGE 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 CAROLINA CHALLENGE's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CAROLINA CHALLENGE has an exceptional counseling program for its employees and their family members. Team members are encouraged by CAROLINA CHALLENGE 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 exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: CAROLINA CHALLENGE cares about its team members' dental health so it offers an impressive 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: CAROLINA CHALLENGE provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: CAROLINA CHALLENGE offers its team members superior 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. CAROLINA CHALLENGE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: CAROLINA CHALLENGE 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: CAROLINA CHALLENGE has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: CAROLINA CHALLENGE has an impressive telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: CAROLINA CHALLENGE offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | CAROLINA CHALLENGE | 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
CAROLINA CHALLENGE offers superb financial benefits for employees and their family members. A superb 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: CAROLINA CHALLENGE 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. CAROLINA CHALLENGE 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 CAROLINA CHALLENGE has Matching program that matches 75% of employees' contributions. Whatever CAROLINA CHALLENGE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave CAROLINA CHALLENGE. Recognizing that every team member is unique, with specific needs and goals, CAROLINA CHALLENGE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: CAROLINA CHALLENGE has a great Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: CAROLINA CHALLENGE has a great 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: CAROLINA CHALLENGE offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: CAROLINA CHALLENGE has a good commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CAROLINA CHALLENGE 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: CAROLINA CHALLENGE has a great 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 great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: CAROLINA CHALLENGE 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: CAROLINA CHALLENGE wants for its team members to lead a happy and fulfilled life so it has a good 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: CAROLINA CHALLENGE has a first-class volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, CAROLINA CHALLENGE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: CAROLINA CHALLENGE has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CAROLINA CHALLENGE | 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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