This report analyzes and compares GLOBAL POWER EQUIPMENT GROUP'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
GLOBAL POWER EQUIPMENT GROUP offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. GLOBAL POWER EQUIPMENT GROUP 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: GLOBAL POWER EQUIPMENT GROUP 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. GLOBAL POWER EQUIPMENT GROUP has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: GLOBAL POWER EQUIPMENT GROUP does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: GLOBAL POWER EQUIPMENT GROUP encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, GLOBAL POWER EQUIPMENT GROUP supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: GLOBAL POWER EQUIPMENT GROUP has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: GLOBAL POWER EQUIPMENT GROUP is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, GLOBAL POWER EQUIPMENT GROUP ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: GLOBAL POWER EQUIPMENT GROUP offers a top-notch Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: GLOBAL POWER EQUIPMENT GROUP knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to GLOBAL POWER EQUIPMENT GROUP.
- TUITION REIMBURSEMENT: GLOBAL POWER EQUIPMENT GROUP does not offer tuition reimbursement.
Benefit | GLOBAL POWER EQUIPMENT GROUP | 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
GLOBAL POWER EQUIPMENT GROUP offers superior 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 GLOBAL POWER EQUIPMENT GROUP's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: GLOBAL POWER EQUIPMENT GROUP has an exceptional counseling program for its employees and their family members. Team members are encouraged by GLOBAL POWER EQUIPMENT GROUP 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 exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: GLOBAL POWER EQUIPMENT GROUP cares about its team members' dental health so it offers an impressive 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: GLOBAL POWER EQUIPMENT GROUP provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: GLOBAL POWER EQUIPMENT GROUP does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: GLOBAL POWER EQUIPMENT GROUP has a top-notch 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, GLOBAL POWER EQUIPMENT GROUP has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: GLOBAL POWER EQUIPMENT GROUP has an excellent telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: GLOBAL POWER EQUIPMENT GROUP 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 | GLOBAL POWER EQUIPMENT GROUP | 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
GLOBAL POWER EQUIPMENT GROUP 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: GLOBAL POWER EQUIPMENT GROUP 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. GLOBAL POWER EQUIPMENT GROUP 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 GLOBAL POWER EQUIPMENT GROUP has Matching program that matches 75% of employees' contributions. Whatever GLOBAL POWER EQUIPMENT GROUP contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave GLOBAL POWER EQUIPMENT GROUP. Recognizing that every team member is unique, with specific needs and goals, GLOBAL POWER EQUIPMENT GROUP keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: GLOBAL POWER EQUIPMENT GROUP has an extraordinary 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: GLOBAL POWER EQUIPMENT GROUP offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for GLOBAL POWER EQUIPMENT GROUP, and encourage others to do the same.
- CHILDCARE DISCOUNT: GLOBAL POWER EQUIPMENT GROUP has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: GLOBAL POWER EQUIPMENT GROUP offers exceptional commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: GLOBAL POWER EQUIPMENT GROUP offers a superb 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: GLOBAL POWER EQUIPMENT GROUP 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: GLOBAL POWER EQUIPMENT GROUP offers a solid life insurance policy to its team members for an affordable price. GLOBAL POWER EQUIPMENT GROUP 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: GLOBAL POWER EQUIPMENT GROUP 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: GLOBAL POWER EQUIPMENT GROUP has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, GLOBAL POWER EQUIPMENT GROUP stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: GLOBAL POWER EQUIPMENT GROUP has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | GLOBAL POWER EQUIPMENT GROUP | 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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