This report analyzes and compares CENTENNIAL BANK's employee health insurance and employee benefits with its industry and in Arkansas 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
CENTENNIAL BANK 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 CENTENNIAL BANK. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CENTENNIAL BANK offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CENTENNIAL BANK makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: CENTENNIAL BANK 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: excellent development resources are what allows CENTENNIAL BANK to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: CENTENNIAL BANK does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: CENTENNIAL BANK is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, CENTENNIAL BANK ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: CENTENNIAL BANK is aware of the difficulties that new employees might experience when they join the team. That's why CENTENNIAL BANK has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: CENTENNIAL BANK 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 CENTENNIAL BANK.
- TUITION REIMBURSEMENT: CENTENNIAL BANK has a valuable 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 | CENTENNIAL BANK | Industry | Arkansas |
|---|---|---|---|
| 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
CENTENNIAL BANK offers first-class 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 CENTENNIAL BANK's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CENTENNIAL BANK has an excellent counseling program for its employees and their family members. Team members are encouraged by CENTENNIAL BANK 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 excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: CENTENNIAL BANK 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: CENTENNIAL BANK 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: CENTENNIAL BANK does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, CENTENNIAL BANK offers a good 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: CENTENNIAL BANK offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: CENTENNIAL BANK has implemented a superior telehealth policy for its members to use any time of the day, every single day. CENTENNIAL BANK covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: CENTENNIAL BANK offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | CENTENNIAL BANK | Industry | Arkansas |
|---|---|---|---|
| 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 valuable financial benefits at CENTENNIAL BANK. 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. CENTENNIAL BANK offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CENTENNIAL BANK to partially cover the expenses.
- 401(K) PLAN: CENTENNIAL BANK does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: CENTENNIAL BANK has an excellent 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: CENTENNIAL BANK offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for CENTENNIAL BANK, and encourage others to do the same.
- CHILDCARE DISCOUNT: CENTENNIAL BANK does not offer childcare discount.
- COMMUTER BENEFIT: CENTENNIAL BANK has a solid 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: CENTENNIAL BANK has a valuable daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: CENTENNIAL BANK 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: CENTENNIAL BANK has a first-class life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: CENTENNIAL BANK 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: CENTENNIAL BANK believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why CENTENNIAL BANK offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: CENTENNIAL BANK has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CENTENNIAL BANK | Industry | Arkansas |
|---|---|---|---|
| 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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