This report analyzes and compares GE INDUSTRIAL's employee health insurance and employee benefits with its industry and in Connecticut 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
GE INDUSTRIAL has remarkable 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 GE INDUSTRIAL. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: GE INDUSTRIAL believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. GE INDUSTRIAL has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, GE INDUSTRIAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: GE INDUSTRIAL offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: GE INDUSTRIAL has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: GE INDUSTRIAL offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by GE INDUSTRIAL to grow as leaders and learn how to make tough calls.
- ONBOARDING: GE INDUSTRIAL is aware of the difficulties that new employees might experience when they join the team. That's why GE INDUSTRIAL has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: GE INDUSTRIAL 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 GE INDUSTRIAL.
- TUITION REIMBURSEMENT: GE INDUSTRIAL has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at GE INDUSTRIAL.
Benefit | GE INDUSTRIAL | Industry | Connecticut |
|---|---|---|---|
| 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
GE INDUSTRIAL has solid health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers solid dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a solid healthcare spending account at their disposal.
- COUNSELING: GE INDUSTRIAL does not offer counseling.
- DENTAL PLAN: Team members at GE INDUSTRIAL 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. GE INDUSTRIAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: GE INDUSTRIAL offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, GE INDUSTRIAL offers good 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: To financially help its team members with medical emergencies, GE INDUSTRIAL offers a great healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, GE INDUSTRIAL has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: GE INDUSTRIAL does not offer telehealth.
- VISION PLAN: GE INDUSTRIAL provides a superb 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 | GE INDUSTRIAL | Industry | Connecticut |
|---|---|---|---|
| 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
GE INDUSTRIAL 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: GE INDUSTRIAL has a superb 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. GE INDUSTRIAL 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 superb GE INDUSTRIAL has Matching program that matches 75% of employees' contributions. Whatever GE INDUSTRIAL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave GE INDUSTRIAL. Recognizing that every team member is unique, with specific needs and goals, GE INDUSTRIAL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: GE INDUSTRIAL 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 GE INDUSTRIAL.
- BONUS PAY: GE INDUSTRIAL has an outstanding 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: GE INDUSTRIAL cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: GE INDUSTRIAL 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: GE INDUSTRIAL has a solid 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: GE INDUSTRIAL has an excellent 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: GE INDUSTRIAL offers a solid life insurance policy to its team members for an affordable price. GE INDUSTRIAL 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: GE INDUSTRIAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why GE INDUSTRIAL has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: GE INDUSTRIAL does not offer paid volunteer time off.
- PARENTAL LEAVE: GE INDUSTRIAL has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | GE INDUSTRIAL | Industry | Connecticut |
|---|---|---|---|
| 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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