This report analyzes and compares MPOWERED ENTREPRENEURSHIP's employee health insurance and employee benefits with its industry and in Michigan 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
MPOWERED ENTREPRENEURSHIP 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 MPOWERED ENTREPRENEURSHIP. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MPOWERED ENTREPRENEURSHIP believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. MPOWERED ENTREPRENEURSHIP has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: MPOWERED ENTREPRENEURSHIP 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: impressive development resources are what allows MPOWERED ENTREPRENEURSHIP to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MPOWERED ENTREPRENEURSHIP has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MPOWERED ENTREPRENEURSHIP believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that MPOWERED ENTREPRENEURSHIP provides for them, employees are able to learn what makes or breaks a leader.
- 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 MPOWERED ENTREPRENEURSHIP offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, MPOWERED ENTREPRENEURSHIP implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: MPOWERED ENTREPRENEURSHIP has a valuable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | MPOWERED ENTREPRENEURSHIP | Industry | Michigan |
|---|---|---|---|
| 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
MPOWERED ENTREPRENEURSHIP 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 MPOWERED ENTREPRENEURSHIP's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MPOWERED ENTREPRENEURSHIP has an excellent counseling program for its employees and their family members. Team members are encouraged by MPOWERED ENTREPRENEURSHIP 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 excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: MPOWERED ENTREPRENEURSHIP offers a good dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: MPOWERED ENTREPRENEURSHIP offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MPOWERED ENTREPRENEURSHIP offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. MPOWERED ENTREPRENEURSHIP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: MPOWERED ENTREPRENEURSHIP offers an extraordinary 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, MPOWERED ENTREPRENEURSHIP has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: MPOWERED ENTREPRENEURSHIP has an outstanding 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: MPOWERED ENTREPRENEURSHIP offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | MPOWERED ENTREPRENEURSHIP | Industry | Michigan |
|---|---|---|---|
| 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
MPOWERED ENTREPRENEURSHIP 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: MPOWERED ENTREPRENEURSHIP has an impressive 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, MPOWERED ENTREPRENEURSHIP offers an impressive program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, MPOWERED ENTREPRENEURSHIP offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MPOWERED ENTREPRENEURSHIP does not offer adoption assistance reimbursement.
- BONUS PAY: MPOWERED ENTREPRENEURSHIP offers superb bonuses to team members who excel in their field of work, provide extraordinary results for MPOWERED ENTREPRENEURSHIP, and encourage others to do the same.
- CHILDCARE DISCOUNT: MPOWERED ENTREPRENEURSHIP does not offer childcare discount.
- COMMUTER BENEFIT: MPOWERED ENTREPRENEURSHIP 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: MPOWERED ENTREPRENEURSHIP 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: MPOWERED ENTREPRENEURSHIP 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: MPOWERED ENTREPRENEURSHIP has a remarkable 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: MPOWERED ENTREPRENEURSHIP realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MPOWERED ENTREPRENEURSHIP has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MPOWERED ENTREPRENEURSHIP has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MPOWERED ENTREPRENEURSHIP stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MPOWERED ENTREPRENEURSHIP has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MPOWERED ENTREPRENEURSHIP | Industry | Michigan |
|---|---|---|---|
| 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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