This report analyzes and compares FIVE STAR QUALITY CARE'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
FIVE STAR QUALITY CARE offers impressive career benefits to help its team members achieve their full potential and maximize their contributions to FIVE STAR QUALITY CARE with rich developmental resources, fully covered tuitions for colleges, and effective onboarding programs. For employees who have what it takes to be a leader, FIVE STAR QUALITY CARE offers impressive leadership programs.
- CAREER PLANNING: FIVE STAR QUALITY CARE believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. FIVE STAR QUALITY CARE has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: FIVE STAR QUALITY CARE believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows FIVE STAR QUALITY CARE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: FIVE STAR QUALITY CARE has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: FIVE STAR QUALITY CARE believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that FIVE STAR QUALITY CARE 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 FIVE STAR QUALITY CARE offers an exceptional Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: FIVE STAR QUALITY CARE has a first-class Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: FIVE STAR QUALITY CARE realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | FIVE STAR QUALITY CARE | 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
FIVE STAR QUALITY CARE 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 FIVE STAR QUALITY CARE's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FIVE STAR QUALITY CARE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why FIVE STAR QUALITY CARE implemented a suitable 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 suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at FIVE STAR QUALITY CARE 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. FIVE STAR QUALITY CARE partially pays for dentures and braces as well.
- HEALTH INSURANCE: FIVE STAR QUALITY CARE offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: FIVE STAR QUALITY CARE offers its team members remarkable 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. FIVE STAR QUALITY CARE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: FIVE STAR QUALITY CARE 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: FIVE STAR QUALITY CARE offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: FIVE STAR QUALITY CARE has a good 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. FIVE STAR QUALITY CARE can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: FIVE STAR QUALITY CARE provides a top-notch Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | FIVE STAR QUALITY CARE | 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
FIVE STAR QUALITY CARE 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: FIVE STAR QUALITY CARE knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and FIVE STAR QUALITY CARE will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, FIVE STAR QUALITY CARE provides resources which will help team members decide what to do with their 401(k) plan. FIVE STAR QUALITY CARE offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: FIVE STAR QUALITY CARE has an outstanding 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: FIVE STAR QUALITY CARE offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for FIVE STAR QUALITY CARE, and encourage others to do the same.
- CHILDCARE DISCOUNT: FIVE STAR QUALITY CARE has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: FIVE STAR QUALITY CARE acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: FIVE STAR QUALITY CARE 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: FIVE STAR QUALITY CARE 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: FIVE STAR QUALITY CARE offers a great life insurance policy to its team members for an affordable price. FIVE STAR QUALITY CARE 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: FIVE STAR QUALITY CARE 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: FIVE STAR QUALITY CARE believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why FIVE STAR QUALITY CARE offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: FIVE STAR QUALITY CARE has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FIVE STAR QUALITY CARE | 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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