This report analyzes and compares FITSTUDIO's employee health insurance and employee benefits with its industry and in Illinois 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
FITSTUDIO offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FITSTUDIO believes that every employee has a valuable set of skills so it helps them plan their careers with valuable developmental resources and mentorships.
- CAREER PLANNING: FITSTUDIO believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. FITSTUDIO has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: FITSTUDIO 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: FITSTUDIO encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, FITSTUDIO supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: FITSTUDIO does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: FITSTUDIO is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, FITSTUDIO ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: FITSTUDIO is aware of the difficulties that new employees might experience when they join the team. That's why FITSTUDIO has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: FITSTUDIO knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to FITSTUDIO.
- TUITION REIMBURSEMENT: FITSTUDIO has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at FITSTUDIO.
Benefit | FITSTUDIO | Industry | Illinois |
|---|---|---|---|
| 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
FITSTUDIO offers top-notch 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 FITSTUDIO's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FITSTUDIO does not offer counseling.
- DENTAL PLAN: FITSTUDIO cares about its team members' dental health so it offers an extraordinary 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: FITSTUDIO offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: FITSTUDIO 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. FITSTUDIO provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: FITSTUDIO 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: Aware of the challenges that come with pregnancy, FITSTUDIO has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: FITSTUDIO has implemented a first-class telehealth policy for its members to use any time of the day, every single day. FITSTUDIO covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: FITSTUDIO 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 | FITSTUDIO | Industry | Illinois |
|---|---|---|---|
| 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 solid financial benefits at FITSTUDIO. 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. FITSTUDIO offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect FITSTUDIO to partially cover the expenses.
- 401(K) PLAN: FITSTUDIO has an excellent 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, FITSTUDIO offers an excellent program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, FITSTUDIO offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FITSTUDIO does not offer adoption assistance reimbursement.
- BONUS PAY: FITSTUDIO has an exceptional bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: FITSTUDIO does not offer childcare discount.
- COMMUTER BENEFIT: FITSTUDIO acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: FITSTUDIO has a great 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: FITSTUDIO offers a top-notch 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: FITSTUDIO offers a valuable life insurance policy to its team members for an affordable price. FITSTUDIO 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: FITSTUDIO realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why FITSTUDIO has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: FITSTUDIO recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by FITSTUDIO, on volunteer work of their choice.
- PARENTAL LEAVE: FITSTUDIO has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FITSTUDIO | Industry | Illinois |
|---|---|---|---|
| 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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