This report analyzes and compares MATTSCLOSET's employee health insurance and employee benefits with its industry and in North Carolina 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
MATTSCLOSET 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 MATTSCLOSET. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MATTSCLOSET offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MATTSCLOSET makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: MATTSCLOSET believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: MATTSCLOSET encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, MATTSCLOSET 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: MATTSCLOSET has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: MATTSCLOSET offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by MATTSCLOSET to grow as leaders and learn how to make tough calls.
- ONBOARDING: MATTSCLOSET does not offer onboarding.
- RECOGNITION PROGRAMS: MATTSCLOSET knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to MATTSCLOSET.
- TUITION REIMBURSEMENT: MATTSCLOSET has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at MATTSCLOSET.
Benefit | MATTSCLOSET | Industry | North Carolina |
|---|---|---|---|
| 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
MATTSCLOSET 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 MATTSCLOSET's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MATTSCLOSET has an exceptional counseling program for its employees and their family members. Team members are encouraged by MATTSCLOSET 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: Team members at MATTSCLOSET have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MATTSCLOSET partially pays for dentures and braces as well.
- HEALTH INSURANCE: MATTSCLOSET 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: MATTSCLOSET is aware of the fact that a healthy employee is a productive employee so it offers exceptional 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: To financially help its team members with medical emergencies, MATTSCLOSET offers a solid 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: MATTSCLOSET has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: MATTSCLOSET does not offer telehealth.
- VISION PLAN: MATTSCLOSET offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | MATTSCLOSET | Industry | North Carolina |
|---|---|---|---|
| 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
MATTSCLOSET 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: MATTSCLOSET knows how important it is to think about retirement and start saving on time. That's why it offers a solid 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and MATTSCLOSET will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, MATTSCLOSET provides resources which will help team members decide what to do with their 401(k) plan. MATTSCLOSET offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: MATTSCLOSET 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 MATTSCLOSET.
- BONUS PAY: MATTSCLOSET offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for MATTSCLOSET, and encourage others to do the same.
- CHILDCARE DISCOUNT: MATTSCLOSET offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: MATTSCLOSET 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: MATTSCLOSET offers a first-class 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: MATTSCLOSET 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: MATTSCLOSET has a superior 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: MATTSCLOSET realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MATTSCLOSET has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MATTSCLOSET has a first-class volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MATTSCLOSET stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MATTSCLOSET has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MATTSCLOSET | Industry | North Carolina |
|---|---|---|---|
| 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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