This report analyzes and compares COMPASS DIVERSIFIED HOLDINGS' employee health insurance and employee benefits with its industry and in Connecticut 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
COMPASS DIVERSIFIED HOLDINGS 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 COMPASS DIVERSIFIED HOLDINGS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: COMPASS DIVERSIFIED HOLDINGS continually evaluates its team members to determine the potential and direction of employees' careers. The exceptional tools that COMPASS DIVERSIFIED HOLDINGS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a good coaching and mentoring program, COMPASS DIVERSIFIED HOLDINGS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: COMPASS DIVERSIFIED HOLDINGS offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: COMPASS DIVERSIFIED HOLDINGS has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: COMPASS DIVERSIFIED HOLDINGS believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that COMPASS DIVERSIFIED HOLDINGS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why COMPASS DIVERSIFIED HOLDINGS offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, COMPASS DIVERSIFIED HOLDINGS implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: COMPASS DIVERSIFIED HOLDINGS does not offer tuition reimbursement.
Benefit | COMPASS DIVERSIFIED HOLDINGS | Industry | Connecticut |
|---|---|---|---|
| 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
COMPASS DIVERSIFIED HOLDINGS 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 COMPASS DIVERSIFIED HOLDINGS's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: COMPASS DIVERSIFIED HOLDINGS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superb counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: COMPASS DIVERSIFIED HOLDINGS offers a suitable 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: COMPASS DIVERSIFIED HOLDINGS 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: COMPASS DIVERSIFIED HOLDINGS is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: COMPASS DIVERSIFIED HOLDINGS offers an exceptional 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: COMPASS DIVERSIFIED HOLDINGS 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: COMPASS DIVERSIFIED HOLDINGS has implemented a first-class telehealth policy for its members to use any time of the day, every single day. COMPASS DIVERSIFIED HOLDINGS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: COMPASS DIVERSIFIED HOLDINGS has an impressive Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | COMPASS DIVERSIFIED HOLDINGS | Industry | Connecticut |
|---|---|---|---|
| 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 COMPASS DIVERSIFIED HOLDINGS. 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. COMPASS DIVERSIFIED HOLDINGS offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect COMPASS DIVERSIFIED HOLDINGS to partially cover the expenses.
- 401(K) PLAN: COMPASS DIVERSIFIED HOLDINGS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: COMPASS DIVERSIFIED HOLDINGS does not offer adoption assistance reimbursement.
- BONUS PAY: COMPASS DIVERSIFIED HOLDINGS offers superb bonuses to team members who excel in their field of work, provide extraordinary results for COMPASS DIVERSIFIED HOLDINGS, and encourage others to do the same.
- CHILDCARE DISCOUNT: COMPASS DIVERSIFIED HOLDINGS offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: COMPASS DIVERSIFIED HOLDINGS offers exceptional 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: COMPASS DIVERSIFIED HOLDINGS 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: COMPASS DIVERSIFIED HOLDINGS has an exceptional 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: COMPASS DIVERSIFIED HOLDINGS offers a solid life insurance policy to its team members for an affordable price. COMPASS DIVERSIFIED HOLDINGS 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: COMPASS DIVERSIFIED HOLDINGS 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: COMPASS DIVERSIFIED HOLDINGS recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by COMPASS DIVERSIFIED HOLDINGS, on volunteer work of their choice.
- PARENTAL LEAVE: COMPASS DIVERSIFIED HOLDINGS has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | COMPASS DIVERSIFIED HOLDINGS | Industry | Connecticut |
|---|---|---|---|
| 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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