This report analyzes and compares OFFICE DEPOT's employee health insurance and employee benefits with its industry and in Florida 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
OFFICE DEPOT has top-notch 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 OFFICE DEPOT. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: OFFICE DEPOT continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that OFFICE DEPOT uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, OFFICE DEPOT can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: OFFICE DEPOT offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: OFFICE DEPOT has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: OFFICE DEPOT believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that OFFICE DEPOT provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: OFFICE DEPOT is aware of the difficulties that new employees might experience when they join the team. That's why OFFICE DEPOT has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, OFFICE DEPOT implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: OFFICE DEPOT has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at OFFICE DEPOT.
Benefit | OFFICE DEPOT | Industry | Florida |
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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
OFFICE DEPOT 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 OFFICE DEPOT's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: OFFICE DEPOT wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch 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 OFFICE DEPOT 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. OFFICE DEPOT partially pays for dentures and braces as well.
- HEALTH INSURANCE: OFFICE DEPOT provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: OFFICE DEPOT does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: OFFICE DEPOT has a superb healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, OFFICE DEPOT has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: OFFICE DEPOT has a valuable 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. OFFICE DEPOT can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: OFFICE DEPOT 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 | OFFICE DEPOT | Industry | Florida |
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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
OFFICE DEPOT offers superb financial benefits for employees and their family members. A superb 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: OFFICE DEPOT does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: OFFICE DEPOT has an exceptional 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: OFFICE DEPOT 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: OFFICE DEPOT offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: OFFICE DEPOT 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: OFFICE DEPOT has a good daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: OFFICE DEPOT 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: OFFICE DEPOT offers a solid life insurance policy to its team members for an affordable price. OFFICE DEPOT 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: OFFICE DEPOT realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why OFFICE DEPOT has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: OFFICE DEPOT 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, OFFICE DEPOT stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: OFFICE DEPOT has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | OFFICE DEPOT | Industry | Florida |
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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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