This report analyzes and compares MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT's employee health insurance and employee benefits with its industry and in Maryland 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
MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT 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 MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT ensures that team members with a potential for becoming leaders can achieve their goals.
- 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 MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT.
- TUITION REIMBURSEMENT: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT | Industry | Maryland |
|---|---|---|---|
| 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
MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT 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 MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class 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 MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT partially pays for dentures and braces as well.
- HEALTH INSURANCE: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers an excellent 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, MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT has implemented a first-class telehealth policy for its members to use any time of the day, every single day. MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT 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 | MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT | Industry | Maryland |
|---|---|---|---|
| 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
Team members enjoy good financial benefits at MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT to partially cover the expenses.
- 401(K) PLAN: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT 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 MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT.
- BONUS PAY: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT has a great 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: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT does not offer childcare discount.
- COMMUTER BENEFIT: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers a top-notch 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: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers a remarkable 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: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT offers a solid life insurance policy to its team members for an affordable price. MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT 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: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT wants for its team members to lead a happy and fulfilled life so it has a great 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: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT does not offer paid volunteer time off.
- PARENTAL LEAVE: MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MONTGOMERY COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT | Industry | Maryland |
|---|---|---|---|
| 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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