This report analyzes and compares NATIONAL BASKETBALL ASSOCIATION's employee health insurance and employee benefits with its industry and in New York 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
NATIONAL BASKETBALL ASSOCIATION has superb 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 NATIONAL BASKETBALL ASSOCIATION. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NATIONAL BASKETBALL ASSOCIATION offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, NATIONAL BASKETBALL ASSOCIATION makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, NATIONAL BASKETBALL ASSOCIATION can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: excellent development resources are what allows NATIONAL BASKETBALL ASSOCIATION 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: NATIONAL BASKETBALL ASSOCIATION has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: NATIONAL BASKETBALL ASSOCIATION is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, NATIONAL BASKETBALL ASSOCIATION ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: NATIONAL BASKETBALL ASSOCIATION does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, NATIONAL BASKETBALL ASSOCIATION implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: NATIONAL BASKETBALL ASSOCIATION 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 | NATIONAL BASKETBALL ASSOCIATION | Industry | New York |
|---|---|---|---|
| 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
NATIONAL BASKETBALL ASSOCIATION 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 NATIONAL BASKETBALL ASSOCIATION's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NATIONAL BASKETBALL ASSOCIATION has an extraordinary counseling program for its employees and their family members. Team members are encouraged by NATIONAL BASKETBALL ASSOCIATION 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 extraordinary 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 NATIONAL BASKETBALL ASSOCIATION have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. NATIONAL BASKETBALL ASSOCIATION partially pays for dentures and braces as well.
- HEALTH INSURANCE: NATIONAL BASKETBALL ASSOCIATION offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, NATIONAL BASKETBALL ASSOCIATION offers suitable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, NATIONAL BASKETBALL ASSOCIATION 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: Aware of the challenges that come with pregnancy, NATIONAL BASKETBALL ASSOCIATION has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: NATIONAL BASKETBALL ASSOCIATION does not offer telehealth.
- VISION PLAN: NATIONAL BASKETBALL ASSOCIATION 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 | NATIONAL BASKETBALL ASSOCIATION | Industry | New York |
|---|---|---|---|
| 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
NATIONAL BASKETBALL ASSOCIATION 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: NATIONAL BASKETBALL ASSOCIATION does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: NATIONAL BASKETBALL ASSOCIATION has an impressive 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: NATIONAL BASKETBALL ASSOCIATION has an excellent bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: NATIONAL BASKETBALL ASSOCIATION offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: NATIONAL BASKETBALL ASSOCIATION acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: NATIONAL BASKETBALL ASSOCIATION 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: NATIONAL BASKETBALL ASSOCIATION offers a superb 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: NATIONAL BASKETBALL ASSOCIATION offers a solid life insurance policy to its team members for an affordable price. NATIONAL BASKETBALL ASSOCIATION 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: NATIONAL BASKETBALL ASSOCIATION has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: NATIONAL BASKETBALL ASSOCIATION has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, NATIONAL BASKETBALL ASSOCIATION stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: NATIONAL BASKETBALL ASSOCIATION has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NATIONAL BASKETBALL ASSOCIATION | Industry | New York |
|---|---|---|---|
| 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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