This report analyzes and compares FRANK'S INTERNATIONAL's employee health insurance and employee benefits with its industry and in Texas 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
FRANK'S INTERNATIONAL offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FRANK'S INTERNATIONAL believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: FRANK'S INTERNATIONAL 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. FRANK'S INTERNATIONAL has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, FRANK'S INTERNATIONAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: FRANK'S INTERNATIONAL encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, FRANK'S INTERNATIONAL supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: FRANK'S INTERNATIONAL has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: FRANK'S INTERNATIONAL is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, FRANK'S INTERNATIONAL ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: FRANK'S INTERNATIONAL is aware of the difficulties that new employees might experience when they join the team. That's why FRANK'S INTERNATIONAL has a good 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, FRANK'S INTERNATIONAL implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: FRANK'S INTERNATIONAL has a good 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 | FRANK'S INTERNATIONAL | Industry | Texas |
|---|---|---|---|
| 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
FRANK'S INTERNATIONAL offers remarkable 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 FRANK'S INTERNATIONAL's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FRANK'S INTERNATIONAL wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch 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: FRANK'S INTERNATIONAL cares about its team members' dental health so it offers an exceptional 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: FRANK'S INTERNATIONAL provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: FRANK'S INTERNATIONAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: FRANK'S INTERNATIONAL has a superior healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, FRANK'S INTERNATIONAL has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: FRANK'S INTERNATIONAL has implemented a first-class telehealth policy for its members to use any time of the day, every single day. FRANK'S INTERNATIONAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: FRANK'S INTERNATIONAL offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | FRANK'S INTERNATIONAL | Industry | Texas |
|---|---|---|---|
| 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
FRANK'S INTERNATIONAL offers top-notch financial benefits for employees and their family members. A top-notch 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: FRANK'S INTERNATIONAL does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FRANK'S INTERNATIONAL has a top-notch 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 FRANK'S INTERNATIONAL.
- BONUS PAY: FRANK'S INTERNATIONAL 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: FRANK'S INTERNATIONAL has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: FRANK'S INTERNATIONAL 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: FRANK'S INTERNATIONAL has a good 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: FRANK'S INTERNATIONAL 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: FRANK'S INTERNATIONAL offers a good life insurance policy to its team members for an affordable price. FRANK'S INTERNATIONAL 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: FRANK'S INTERNATIONAL has an extraordinary 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: FRANK'S INTERNATIONAL has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, FRANK'S INTERNATIONAL stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: FRANK'S INTERNATIONAL has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FRANK'S INTERNATIONAL | Industry | Texas |
|---|---|---|---|
| 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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