This report analyzes and compares GRANITE CONSTRUCTION's employee health insurance and employee benefits with its industry and in California 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
GRANITE CONSTRUCTION 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 GRANITE CONSTRUCTION. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: GRANITE CONSTRUCTION offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, GRANITE CONSTRUCTION makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: GRANITE CONSTRUCTION offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: excellent development resources are what allows GRANITE CONSTRUCTION to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: GRANITE CONSTRUCTION has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: GRANITE CONSTRUCTION offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by GRANITE CONSTRUCTION to grow as leaders and learn how to make tough calls.
- 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 GRANITE CONSTRUCTION offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: GRANITE CONSTRUCTION has a remarkable 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: GRANITE CONSTRUCTION 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 GRANITE CONSTRUCTION.
Benefit | GRANITE CONSTRUCTION | Industry | California |
|---|---|---|---|
| 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
GRANITE CONSTRUCTION offers top-notch 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 GRANITE CONSTRUCTION's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: GRANITE CONSTRUCTION wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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: Team members at GRANITE CONSTRUCTION have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. GRANITE CONSTRUCTION partially pays for dentures and braces as well.
- HEALTH INSURANCE: GRANITE CONSTRUCTION offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: GRANITE CONSTRUCTION is aware of the fact that a healthy employee is a productive employee so it offers excellent health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: GRANITE CONSTRUCTION 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: GRANITE CONSTRUCTION offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: GRANITE CONSTRUCTION does not offer telehealth.
- VISION PLAN: GRANITE CONSTRUCTION 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 | GRANITE CONSTRUCTION | Industry | California |
|---|---|---|---|
| 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
GRANITE CONSTRUCTION offers superb financial benefits for employees and their family members. A superb 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: GRANITE CONSTRUCTION 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. GRANITE CONSTRUCTION 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 GRANITE CONSTRUCTION has Matching program that matches 75% of employees' contributions. Whatever GRANITE CONSTRUCTION contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave GRANITE CONSTRUCTION. Recognizing that every team member is unique, with specific needs and goals, GRANITE CONSTRUCTION keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: GRANITE CONSTRUCTION has a superior 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 GRANITE CONSTRUCTION.
- BONUS PAY: GRANITE CONSTRUCTION offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for GRANITE CONSTRUCTION, and encourage others to do the same.
- CHILDCARE DISCOUNT: GRANITE CONSTRUCTION offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: GRANITE CONSTRUCTION offers impressive 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: GRANITE CONSTRUCTION offers an impressive daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: GRANITE CONSTRUCTION has an extraordinary 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: GRANITE CONSTRUCTION offers a great life insurance policy to its team members for an affordable price. GRANITE CONSTRUCTION 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: GRANITE CONSTRUCTION realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why GRANITE CONSTRUCTION has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: GRANITE CONSTRUCTION recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by GRANITE CONSTRUCTION, on volunteer work of their choice.
- PARENTAL LEAVE: GRANITE CONSTRUCTION has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | GRANITE CONSTRUCTION | Industry | California |
|---|---|---|---|
| 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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