This report analyzes and compares PEET'S COFFEE & TEA's employee health insurance and employee benefits with its industry and in California 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
PEET'S COFFEE & TEA offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. PEET'S COFFEE & TEA believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: PEET'S COFFEE & TEA offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, PEET'S COFFEE & TEA makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: PEET'S COFFEE & TEA 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: PEET'S COFFEE & TEA encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, PEET'S COFFEE & TEA supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: PEET'S COFFEE & TEA does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: PEET'S COFFEE & TEA believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that PEET'S COFFEE & TEA provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: PEET'S COFFEE & TEA is aware of the difficulties that new employees might experience when they join the team. That's why PEET'S COFFEE & TEA has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: PEET'S COFFEE & TEA 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: PEET'S COFFEE & TEA does not offer tuition reimbursement.
Benefit | PEET'S COFFEE & TEA | Industry | California |
|---|---|---|---|
| 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
PEET'S COFFEE & TEA 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 PEET'S COFFEE & TEA's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PEET'S COFFEE & TEA has an excellent counseling program for its employees and their family members. Team members are encouraged by PEET'S COFFEE & TEA 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 excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at PEET'S COFFEE & TEA have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. PEET'S COFFEE & TEA partially pays for dentures and braces as well.
- HEALTH INSURANCE: PEET'S COFFEE & TEA 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: In an effort to improve the wellbeing and quality of life of its team members, PEET'S COFFEE & TEA 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: PEET'S COFFEE & TEA has a superior 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, PEET'S COFFEE & TEA has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: PEET'S COFFEE & TEA has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. PEET'S COFFEE & TEA covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: PEET'S COFFEE & TEA provides a first-class Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | PEET'S COFFEE & TEA | Industry | California |
|---|---|---|---|
| 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
PEET'S COFFEE & TEA 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: PEET'S COFFEE & TEA has a top-notch 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. PEET'S COFFEE & TEA 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 top-notch PEET'S COFFEE & TEA has Matching program that matches 75% of employees' contributions. Whatever PEET'S COFFEE & TEA contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave PEET'S COFFEE & TEA. Recognizing that every team member is unique, with specific needs and goals, PEET'S COFFEE & TEA keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: PEET'S COFFEE & TEA 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: PEET'S COFFEE & TEA has an exceptional 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: PEET'S COFFEE & TEA does not offer childcare discount.
- COMMUTER BENEFIT: PEET'S COFFEE & TEA has a great 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: PEET'S COFFEE & TEA offers an impressive daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: PEET'S COFFEE & TEA 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: PEET'S COFFEE & TEA has a superior life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: PEET'S COFFEE & TEA realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why PEET'S COFFEE & TEA has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: PEET'S COFFEE & TEA recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PEET'S COFFEE & TEA, on volunteer work of their choice.
- PARENTAL LEAVE: PEET'S COFFEE & TEA has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PEET'S COFFEE & TEA | Industry | California |
|---|---|---|---|
| 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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