This report analyzes and compares EROOM TECHNOLOGY'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
EROOM TECHNOLOGY has first-class 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 EROOM TECHNOLOGY. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: EROOM TECHNOLOGY continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that EROOM TECHNOLOGY uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: EROOM TECHNOLOGY offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: EROOM TECHNOLOGY 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: EROOM TECHNOLOGY has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: EROOM TECHNOLOGY is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, EROOM TECHNOLOGY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: EROOM TECHNOLOGY is aware of the difficulties that new employees might experience when they join the team. That's why EROOM TECHNOLOGY has a great 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, EROOM TECHNOLOGY implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: EROOM TECHNOLOGY has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at EROOM TECHNOLOGY.
Benefit | EROOM TECHNOLOGY | 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
EROOM TECHNOLOGY 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 EROOM TECHNOLOGY's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: EROOM TECHNOLOGY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why EROOM TECHNOLOGY implemented a good 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 good counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at EROOM TECHNOLOGY have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. EROOM TECHNOLOGY partially pays for dentures and braces as well.
- HEALTH INSURANCE: EROOM TECHNOLOGY provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: EROOM TECHNOLOGY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: EROOM TECHNOLOGY offers an impressive 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: EROOM TECHNOLOGY offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: EROOM TECHNOLOGY has an exceptional 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: EROOM TECHNOLOGY offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | EROOM TECHNOLOGY | 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
EROOM TECHNOLOGY offers superior financial benefits for employees and their family members. A superior 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: EROOM TECHNOLOGY 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. EROOM TECHNOLOGY 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 EROOM TECHNOLOGY has Matching program that matches 75% of employees' contributions. Whatever EROOM TECHNOLOGY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave EROOM TECHNOLOGY. Recognizing that every team member is unique, with specific needs and goals, EROOM TECHNOLOGY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: EROOM TECHNOLOGY has a remarkable Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by EROOM TECHNOLOGY.
- BONUS PAY: EROOM TECHNOLOGY offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for EROOM TECHNOLOGY, and encourage others to do the same.
- CHILDCARE DISCOUNT: EROOM TECHNOLOGY cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: EROOM TECHNOLOGY offers extraordinary 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: EROOM TECHNOLOGY offers an outstanding daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: EROOM TECHNOLOGY has an outstanding 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: EROOM TECHNOLOGY offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: EROOM TECHNOLOGY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why EROOM TECHNOLOGY has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: EROOM TECHNOLOGY believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why EROOM TECHNOLOGY offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: EROOM TECHNOLOGY has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | EROOM TECHNOLOGY | 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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