This report analyzes and compares PAR ELECTRICAL CONTRACTORS' employee health insurance and employee benefits with its industry and in Missouri 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
PAR ELECTRICAL CONTRACTORS has first-class 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 PAR ELECTRICAL CONTRACTORS. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PAR ELECTRICAL CONTRACTORS believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. PAR ELECTRICAL CONTRACTORS has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: PAR ELECTRICAL CONTRACTORS believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: PAR ELECTRICAL CONTRACTORS encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, PAR ELECTRICAL CONTRACTORS supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: PAR ELECTRICAL CONTRACTORS has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: PAR ELECTRICAL CONTRACTORS does not offer leadership programs.
- ONBOARDING: PAR ELECTRICAL CONTRACTORS offers a superior Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: PAR ELECTRICAL CONTRACTORS has a first-class 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: PAR ELECTRICAL CONTRACTORS realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | PAR ELECTRICAL CONTRACTORS | Industry | Missouri |
|---|---|---|---|
| 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
PAR ELECTRICAL CONTRACTORS 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 PAR ELECTRICAL CONTRACTORS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PAR ELECTRICAL CONTRACTORS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class 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: PAR ELECTRICAL CONTRACTORS 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: PAR ELECTRICAL CONTRACTORS provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: PAR ELECTRICAL CONTRACTORS offers its team members superior 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. PAR ELECTRICAL CONTRACTORS provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, PAR ELECTRICAL CONTRACTORS 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, PAR ELECTRICAL CONTRACTORS has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: PAR ELECTRICAL CONTRACTORS has implemented a first-class telehealth policy for its members to use any time of the day, every single day. PAR ELECTRICAL CONTRACTORS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: PAR ELECTRICAL CONTRACTORS 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 | PAR ELECTRICAL CONTRACTORS | Industry | Missouri |
|---|---|---|---|
| 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
PAR ELECTRICAL CONTRACTORS 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: PAR ELECTRICAL CONTRACTORS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: PAR ELECTRICAL CONTRACTORS has a top-notch Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by PAR ELECTRICAL CONTRACTORS.
- BONUS PAY: PAR ELECTRICAL CONTRACTORS 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: PAR ELECTRICAL CONTRACTORS has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: PAR ELECTRICAL CONTRACTORS offers extraordinary 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: PAR ELECTRICAL CONTRACTORS 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: PAR ELECTRICAL CONTRACTORS offers a remarkable 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: PAR ELECTRICAL CONTRACTORS offers a good life insurance policy to its team members for an affordable price. PAR ELECTRICAL CONTRACTORS 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: PAR ELECTRICAL CONTRACTORS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why PAR ELECTRICAL CONTRACTORS has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: PAR ELECTRICAL CONTRACTORS recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PAR ELECTRICAL CONTRACTORS, on volunteer work of their choice.
- PARENTAL LEAVE: PAR ELECTRICAL CONTRACTORS has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PAR ELECTRICAL CONTRACTORS | Industry | Missouri |
|---|---|---|---|
| 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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