This report analyzes and compares SEARS HOMETOWN AND OUTLET's employee health insurance and employee benefits with its industry and in Illinois 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
SEARS HOMETOWN AND OUTLET has top-notch 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 SEARS HOMETOWN AND OUTLET. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SEARS HOMETOWN AND OUTLET offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, SEARS HOMETOWN AND OUTLET makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: SEARS HOMETOWN AND OUTLET believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: excellent development resources are what allows SEARS HOMETOWN AND OUTLET to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: SEARS HOMETOWN AND OUTLET does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: SEARS HOMETOWN AND OUTLET believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that SEARS HOMETOWN AND OUTLET provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: SEARS HOMETOWN AND OUTLET offers a first-class 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: Aware of the fact that its team members work hard, SEARS HOMETOWN AND OUTLET implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: SEARS HOMETOWN AND OUTLET does not offer tuition reimbursement.
Benefit | SEARS HOMETOWN AND OUTLET | Industry | Illinois |
|---|---|---|---|
| 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
SEARS HOMETOWN AND OUTLET offers superior 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 SEARS HOMETOWN AND OUTLET's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SEARS HOMETOWN AND OUTLET is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SEARS HOMETOWN AND OUTLET implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: SEARS HOMETOWN AND OUTLET cares about its team members' dental health so it offers an extraordinary 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: SEARS HOMETOWN AND OUTLET offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: SEARS HOMETOWN AND OUTLET does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: SEARS HOMETOWN AND OUTLET offers an impressive healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: SEARS HOMETOWN AND OUTLET has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: SEARS HOMETOWN AND OUTLET does not offer telehealth.
- VISION PLAN: SEARS HOMETOWN AND OUTLET has an exceptional 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 | SEARS HOMETOWN AND OUTLET | Industry | Illinois |
|---|---|---|---|
| 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
SEARS HOMETOWN AND OUTLET 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: SEARS HOMETOWN AND OUTLET 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. SEARS HOMETOWN AND OUTLET 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 SEARS HOMETOWN AND OUTLET has Matching program that matches 75% of employees' contributions. Whatever SEARS HOMETOWN AND OUTLET contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SEARS HOMETOWN AND OUTLET. Recognizing that every team member is unique, with specific needs and goals, SEARS HOMETOWN AND OUTLET keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SEARS HOMETOWN AND OUTLET has a remarkable 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 SEARS HOMETOWN AND OUTLET.
- BONUS PAY: SEARS HOMETOWN AND OUTLET offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for SEARS HOMETOWN AND OUTLET, and encourage others to do the same.
- CHILDCARE DISCOUNT: SEARS HOMETOWN AND OUTLET does not offer childcare discount.
- COMMUTER BENEFIT: SEARS HOMETOWN AND OUTLET offers exceptional 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: SEARS HOMETOWN AND OUTLET has a suitable 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: SEARS HOMETOWN AND OUTLET has a suitable 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 suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: SEARS HOMETOWN AND OUTLET offers a good life insurance policy to its team members for an affordable price. SEARS HOMETOWN AND OUTLET 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: SEARS HOMETOWN AND OUTLET wants for its team members to lead a happy and fulfilled life so it has a solid 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: SEARS HOMETOWN AND OUTLET believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why SEARS HOMETOWN AND OUTLET offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: SEARS HOMETOWN AND OUTLET has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SEARS HOMETOWN AND OUTLET | Industry | Illinois |
|---|---|---|---|
| 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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