This report analyzes and compares DESTINATION XL GROUP's employee health insurance and employee benefits with its industry and in Massachusetts 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
DESTINATION XL GROUP has top-notch 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 DESTINATION XL GROUP. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: DESTINATION XL GROUP continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that DESTINATION XL GROUP uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: DESTINATION XL GROUP offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: DESTINATION XL GROUP offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: DESTINATION XL GROUP has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: DESTINATION XL GROUP believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that DESTINATION XL GROUP provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: DESTINATION XL GROUP does not offer onboarding.
- RECOGNITION PROGRAMS: DESTINATION XL GROUP 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 DESTINATION XL GROUP.
- TUITION REIMBURSEMENT: DESTINATION XL GROUP 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 | DESTINATION XL GROUP | Industry | Massachusetts |
|---|---|---|---|
| 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
DESTINATION XL GROUP 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 DESTINATION XL GROUP's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: DESTINATION XL GROUP does not offer counseling.
- DENTAL PLAN: Team members at DESTINATION XL GROUP have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. DESTINATION XL GROUP partially pays for dentures and braces as well.
- HEALTH INSURANCE: DESTINATION XL GROUP provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: DESTINATION XL GROUP offers its team members first-class 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. DESTINATION XL GROUP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: DESTINATION XL GROUP 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: DESTINATION XL GROUP offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: DESTINATION XL GROUP has a solid 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. DESTINATION XL GROUP can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: DESTINATION XL GROUP has an excellent 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 | DESTINATION XL GROUP | Industry | Massachusetts |
|---|---|---|---|
| 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
DESTINATION XL GROUP 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: DESTINATION XL GROUP has a superior 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. DESTINATION XL GROUP 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 superior DESTINATION XL GROUP has Matching program that matches 75% of employees' contributions. Whatever DESTINATION XL GROUP contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave DESTINATION XL GROUP. Recognizing that every team member is unique, with specific needs and goals, DESTINATION XL GROUP keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: DESTINATION XL GROUP does not offer adoption assistance reimbursement.
- BONUS PAY: DESTINATION XL GROUP 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: DESTINATION XL GROUP has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: DESTINATION XL GROUP 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: DESTINATION XL GROUP has a suitable 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: DESTINATION XL GROUP offers a first-class short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: DESTINATION XL GROUP offers an exceptional 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 exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: DESTINATION XL GROUP 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: DESTINATION XL GROUP does not offer paid volunteer time off.
- PARENTAL LEAVE: DESTINATION XL GROUP has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | DESTINATION XL GROUP | Industry | Massachusetts |
|---|---|---|---|
| 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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