This report analyzes and compares PAYLESS HOLDINGS' employee health insurance and employee benefits with its industry and in Kansas 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
PAYLESS HOLDINGS 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 PAYLESS HOLDINGS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PAYLESS HOLDINGS continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that PAYLESS HOLDINGS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: PAYLESS HOLDINGS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: PAYLESS HOLDINGS offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: PAYLESS HOLDINGS has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: PAYLESS HOLDINGS offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by PAYLESS HOLDINGS to grow as leaders and learn how to make tough calls.
- ONBOARDING: PAYLESS HOLDINGS 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: PAYLESS HOLDINGS 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 PAYLESS HOLDINGS.
- TUITION REIMBURSEMENT: PAYLESS HOLDINGS realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | PAYLESS HOLDINGS | Industry | Kansas |
|---|---|---|---|
| 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
PAYLESS HOLDINGS offers top-notch 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 PAYLESS HOLDINGS's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PAYLESS HOLDINGS has an outstanding counseling program for its employees and their family members. Team members are encouraged by PAYLESS HOLDINGS 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 outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: PAYLESS HOLDINGS 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: PAYLESS HOLDINGS offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, PAYLESS HOLDINGS offers solid 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: To financially help its team members with medical emergencies, PAYLESS HOLDINGS 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, PAYLESS HOLDINGS has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: PAYLESS HOLDINGS does not offer telehealth.
- VISION PLAN: PAYLESS HOLDINGS offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | PAYLESS HOLDINGS | Industry | Kansas |
|---|---|---|---|
| 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
PAYLESS HOLDINGS offers first-class financial benefits for employees and their family members. A first-class 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: PAYLESS HOLDINGS 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. PAYLESS HOLDINGS 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 PAYLESS HOLDINGS has Matching program that matches 75% of employees' contributions. Whatever PAYLESS HOLDINGS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave PAYLESS HOLDINGS. Recognizing that every team member is unique, with specific needs and goals, PAYLESS HOLDINGS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: PAYLESS HOLDINGS has a good 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: PAYLESS HOLDINGS 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: PAYLESS HOLDINGS has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: PAYLESS HOLDINGS 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: PAYLESS HOLDINGS 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: PAYLESS HOLDINGS offers a first-class 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: PAYLESS HOLDINGS offers a solid life insurance policy to its team members for an affordable price. PAYLESS HOLDINGS 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: PAYLESS HOLDINGS wants for its team members to lead a happy and fulfilled life so it has a good vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: PAYLESS HOLDINGS believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why PAYLESS HOLDINGS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: PAYLESS HOLDINGS has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PAYLESS HOLDINGS | Industry | Kansas |
|---|---|---|---|
| 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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