This report analyzes and compares ROSS STORES' 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
ROSS STORES offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. ROSS STORES believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: ROSS STORES continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that ROSS STORES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: ROSS STORES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: ROSS STORES encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, ROSS STORES 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: ROSS STORES does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: ROSS STORES does not offer leadership programs.
- ONBOARDING: ROSS STORES does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, ROSS STORES implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: ROSS STORES realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | ROSS STORES | 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
ROSS STORES 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 ROSS STORES's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ROSS STORES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why ROSS STORES implemented a great counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at ROSS STORES 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. ROSS STORES partially pays for dentures and braces as well.
- HEALTH INSURANCE: ROSS STORES offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: ROSS STORES is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, ROSS STORES offers a great 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, ROSS STORES has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: ROSS STORES has implemented a first-class telehealth policy for its members to use any time of the day, every single day. ROSS STORES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: ROSS STORES 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 | ROSS STORES | 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
ROSS STORES 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: ROSS STORES does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ROSS STORES has a solid 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: ROSS STORES offers superb bonuses to team members who excel in their field of work, provide extraordinary results for ROSS STORES, and encourage others to do the same.
- CHILDCARE DISCOUNT: ROSS STORES cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: ROSS STORES acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: ROSS STORES 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: ROSS STORES 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: ROSS STORES offers an excellent 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 excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: ROSS STORES wants for its team members to lead a happy and fulfilled life so it has a suitable 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: ROSS STORES believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why ROSS STORES offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: ROSS STORES has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ROSS STORES | 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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