This report analyzes and compares FURNITURE MEDIC's employee health insurance and employee benefits with its industry and in Tennessee 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
FURNITURE MEDIC 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 FURNITURE MEDIC. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: FURNITURE MEDIC continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that FURNITURE MEDIC uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: FURNITURE MEDIC believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: FURNITURE MEDIC encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, FURNITURE MEDIC 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: FURNITURE MEDIC has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: FURNITURE MEDIC is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, FURNITURE MEDIC ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: FURNITURE MEDIC does not offer onboarding.
- RECOGNITION PROGRAMS: FURNITURE MEDIC knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to FURNITURE MEDIC.
- TUITION REIMBURSEMENT: FURNITURE MEDIC has a great 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 | FURNITURE MEDIC | Industry | Tennessee |
|---|---|---|---|
| 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
FURNITURE MEDIC 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 FURNITURE MEDIC's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FURNITURE MEDIC has an excellent counseling program for its employees and their family members. Team members are encouraged by FURNITURE MEDIC to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: FURNITURE MEDIC cares about its team members' dental health so it offers an excellent 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: FURNITURE MEDIC offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, FURNITURE MEDIC offers valuable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: FURNITURE MEDIC offers an outstanding 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, FURNITURE MEDIC has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: FURNITURE MEDIC does not offer telehealth.
- VISION PLAN: FURNITURE MEDIC has an outstanding 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 | FURNITURE MEDIC | Industry | Tennessee |
|---|---|---|---|
| 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
FURNITURE MEDIC offers remarkable financial benefits for employees and their family members. A remarkable 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: FURNITURE MEDIC 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. FURNITURE MEDIC 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 FURNITURE MEDIC has Matching program that matches 75% of employees' contributions. Whatever FURNITURE MEDIC contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave FURNITURE MEDIC. Recognizing that every team member is unique, with specific needs and goals, FURNITURE MEDIC keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: FURNITURE MEDIC has a great Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: FURNITURE MEDIC has a solid 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: FURNITURE MEDIC offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: FURNITURE MEDIC has a suitable 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: FURNITURE MEDIC offers a superior daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: FURNITURE MEDIC 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: FURNITURE MEDIC has a superb life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: FURNITURE MEDIC realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why FURNITURE MEDIC has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: FURNITURE MEDIC 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, FURNITURE MEDIC stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: FURNITURE MEDIC has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FURNITURE MEDIC | Industry | Tennessee |
|---|---|---|---|
| 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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