This report analyzes and compares OTSUKA PHARMACEUTICALS' employee health insurance and employee benefits with its industry and in Maryland 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
OTSUKA PHARMACEUTICALS 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 OTSUKA PHARMACEUTICALS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: OTSUKA PHARMACEUTICALS offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, OTSUKA PHARMACEUTICALS makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: OTSUKA PHARMACEUTICALS offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: OTSUKA PHARMACEUTICALS encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, OTSUKA PHARMACEUTICALS supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: OTSUKA PHARMACEUTICALS has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: OTSUKA PHARMACEUTICALS is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, OTSUKA PHARMACEUTICALS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: OTSUKA PHARMACEUTICALS does not offer onboarding.
- RECOGNITION PROGRAMS: OTSUKA PHARMACEUTICALS has a superior Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: OTSUKA PHARMACEUTICALS 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 | OTSUKA PHARMACEUTICALS | Industry | Maryland |
|---|---|---|---|
| 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
OTSUKA PHARMACEUTICALS offers first-class 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 OTSUKA PHARMACEUTICALS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: OTSUKA PHARMACEUTICALS has an impressive counseling program for its employees and their family members. Team members are encouraged by OTSUKA PHARMACEUTICALS 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 impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: OTSUKA PHARMACEUTICALS offers a solid 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: OTSUKA PHARMACEUTICALS 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: In an effort to improve the wellbeing and quality of life of its team members, OTSUKA PHARMACEUTICALS offers valuable 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: OTSUKA PHARMACEUTICALS has a top-notch 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, OTSUKA PHARMACEUTICALS has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: OTSUKA PHARMACEUTICALS does not offer telehealth.
- VISION PLAN: OTSUKA PHARMACEUTICALS has an extraordinary 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 | OTSUKA PHARMACEUTICALS | Industry | Maryland |
|---|---|---|---|
| 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
OTSUKA PHARMACEUTICALS offers top-notch financial benefits for employees and their family members. A top-notch 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: OTSUKA PHARMACEUTICALS 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. OTSUKA PHARMACEUTICALS 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 OTSUKA PHARMACEUTICALS has Matching program that matches 75% of employees' contributions. Whatever OTSUKA PHARMACEUTICALS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave OTSUKA PHARMACEUTICALS. Recognizing that every team member is unique, with specific needs and goals, OTSUKA PHARMACEUTICALS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: OTSUKA PHARMACEUTICALS does not offer adoption assistance reimbursement.
- BONUS PAY: OTSUKA PHARMACEUTICALS offers superior bonuses to team members who excel in their field of work, provide extraordinary results for OTSUKA PHARMACEUTICALS, and encourage others to do the same.
- CHILDCARE DISCOUNT: OTSUKA PHARMACEUTICALS offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: OTSUKA PHARMACEUTICALS has a suitable 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: OTSUKA PHARMACEUTICALS has a great 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: OTSUKA PHARMACEUTICALS has an outstanding 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: OTSUKA PHARMACEUTICALS offers an outstanding life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: OTSUKA PHARMACEUTICALS has an impressive 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: OTSUKA PHARMACEUTICALS does not offer paid volunteer time off.
- PARENTAL LEAVE: OTSUKA PHARMACEUTICALS has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | OTSUKA PHARMACEUTICALS | Industry | Maryland |
|---|---|---|---|
| 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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