This report analyzes and compares NETEZZA's employee health insurance and employee benefits with its industry and in Massachusetts 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
NETEZZA offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. NETEZZA believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: NETEZZA believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. NETEZZA has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: NETEZZA 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: NETEZZA encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, NETEZZA 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: NETEZZA does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: NETEZZA believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that NETEZZA provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: NETEZZA does not offer onboarding.
- RECOGNITION PROGRAMS: NETEZZA 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 NETEZZA.
- TUITION REIMBURSEMENT: NETEZZA has a suitable 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 | NETEZZA | Industry | Massachusetts |
|---|---|---|---|
| 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
NETEZZA offers superb 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 NETEZZA's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NETEZZA wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superb 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: NETEZZA 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: NETEZZA offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: NETEZZA 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. NETEZZA provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: NETEZZA 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: NETEZZA offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: NETEZZA has implemented a superior telehealth policy for its members to use any time of the day, every single day. NETEZZA covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: NETEZZA offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | NETEZZA | Industry | Massachusetts |
|---|---|---|---|
| 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 suitable financial benefits at NETEZZA. 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. NETEZZA offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect NETEZZA to partially cover the expenses.
- 401(K) PLAN: NETEZZA has a first-class 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. NETEZZA provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a first-class NETEZZA has Matching program that matches 75% of employees' contributions. Whatever NETEZZA contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave NETEZZA. Recognizing that every team member is unique, with specific needs and goals, NETEZZA keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: NETEZZA has a suitable Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: NETEZZA has a good 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: NETEZZA does not offer childcare discount.
- COMMUTER BENEFIT: NETEZZA offers exceptional commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: NETEZZA 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: NETEZZA has a great disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: NETEZZA offers a solid life insurance policy to its team members for an affordable price. NETEZZA 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: NETEZZA realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why NETEZZA has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: NETEZZA recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by NETEZZA, on volunteer work of their choice.
- PARENTAL LEAVE: NETEZZA has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NETEZZA | Industry | Massachusetts |
|---|---|---|---|
| 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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