This report analyzes and compares NATURE'S SUNSHINE PRODUCTS' employee health insurance and employee benefits with its industry and in Utah 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
NATURE'S SUNSHINE PRODUCTS offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. NATURE'S SUNSHINE PRODUCTS believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: NATURE'S SUNSHINE PRODUCTS continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that NATURE'S SUNSHINE PRODUCTS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: NATURE'S SUNSHINE PRODUCTS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: NATURE'S SUNSHINE PRODUCTS offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: NATURE'S SUNSHINE PRODUCTS has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: NATURE'S SUNSHINE PRODUCTS does not offer leadership programs.
- ONBOARDING: NATURE'S SUNSHINE PRODUCTS does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, NATURE'S SUNSHINE PRODUCTS implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: NATURE'S SUNSHINE PRODUCTS realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | NATURE'S SUNSHINE PRODUCTS | Industry | Utah |
|---|---|---|---|
| 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
NATURE'S SUNSHINE PRODUCTS 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 NATURE'S SUNSHINE PRODUCTS's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NATURE'S SUNSHINE PRODUCTS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why NATURE'S SUNSHINE PRODUCTS implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: NATURE'S SUNSHINE PRODUCTS cares about its team members' dental health so it offers an impressive dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: NATURE'S SUNSHINE PRODUCTS offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: NATURE'S SUNSHINE PRODUCTS 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: NATURE'S SUNSHINE PRODUCTS 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: NATURE'S SUNSHINE PRODUCTS offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: NATURE'S SUNSHINE PRODUCTS has a solid telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. NATURE'S SUNSHINE PRODUCTS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: NATURE'S SUNSHINE PRODUCTS has an excellent 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 | NATURE'S SUNSHINE PRODUCTS | Industry | Utah |
|---|---|---|---|
| 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
NATURE'S SUNSHINE PRODUCTS 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: NATURE'S SUNSHINE PRODUCTS 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 NATURE'S SUNSHINE PRODUCTS 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, NATURE'S SUNSHINE PRODUCTS provides resources which will help team members decide what to do with their 401(k) plan. NATURE'S SUNSHINE PRODUCTS offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: NATURE'S SUNSHINE PRODUCTS has an extraordinary 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: NATURE'S SUNSHINE PRODUCTS has a suitable 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: NATURE'S SUNSHINE PRODUCTS offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: NATURE'S SUNSHINE PRODUCTS has a valuable 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: NATURE'S SUNSHINE PRODUCTS 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: NATURE'S SUNSHINE PRODUCTS has an excellent 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: NATURE'S SUNSHINE PRODUCTS 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: NATURE'S SUNSHINE PRODUCTS has an excellent 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: NATURE'S SUNSHINE PRODUCTS has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, NATURE'S SUNSHINE PRODUCTS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: NATURE'S SUNSHINE PRODUCTS has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NATURE'S SUNSHINE PRODUCTS | Industry | Utah |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared NATURE'S SUNSHINE PRODUCTS' benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.