This report analyzes and compares SOFTSWITCHING TECHNOLOGIES' employee health insurance and employee benefits with its industry and in Wisconsin 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
SOFTSWITCHING TECHNOLOGIES has superior 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 SOFTSWITCHING TECHNOLOGIES. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SOFTSWITCHING TECHNOLOGIES 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. SOFTSWITCHING TECHNOLOGIES has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SOFTSWITCHING TECHNOLOGIES offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: SOFTSWITCHING TECHNOLOGIES offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SOFTSWITCHING TECHNOLOGIES has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: SOFTSWITCHING TECHNOLOGIES is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, SOFTSWITCHING TECHNOLOGIES ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: SOFTSWITCHING TECHNOLOGIES is aware of the difficulties that new employees might experience when they join the team. That's why SOFTSWITCHING TECHNOLOGIES has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: SOFTSWITCHING TECHNOLOGIES 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 SOFTSWITCHING TECHNOLOGIES.
- TUITION REIMBURSEMENT: SOFTSWITCHING TECHNOLOGIES realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | SOFTSWITCHING TECHNOLOGIES | Industry | Wisconsin |
|---|---|---|---|
| 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
SOFTSWITCHING TECHNOLOGIES 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 SOFTSWITCHING TECHNOLOGIES's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SOFTSWITCHING TECHNOLOGIES does not offer counseling.
- DENTAL PLAN: SOFTSWITCHING TECHNOLOGIES cares about its team members' dental health so it offers an outstanding 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: SOFTSWITCHING TECHNOLOGIES provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: SOFTSWITCHING TECHNOLOGIES offers its team members remarkable 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. SOFTSWITCHING TECHNOLOGIES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, SOFTSWITCHING TECHNOLOGIES offers a suitable 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: SOFTSWITCHING TECHNOLOGIES has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: SOFTSWITCHING TECHNOLOGIES has implemented a superb telehealth policy for its members to use any time of the day, every single day. SOFTSWITCHING TECHNOLOGIES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: SOFTSWITCHING TECHNOLOGIES has an extraordinary 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 | SOFTSWITCHING TECHNOLOGIES | Industry | Wisconsin |
|---|---|---|---|
| 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
Team members enjoy solid financial benefits at SOFTSWITCHING TECHNOLOGIES. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. SOFTSWITCHING TECHNOLOGIES offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect SOFTSWITCHING TECHNOLOGIES to partially cover the expenses.
- 401(K) PLAN: SOFTSWITCHING TECHNOLOGIES knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and SOFTSWITCHING TECHNOLOGIES will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, SOFTSWITCHING TECHNOLOGIES provides resources which will help team members decide what to do with their 401(k) plan. SOFTSWITCHING TECHNOLOGIES offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: SOFTSWITCHING TECHNOLOGIES has a great 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: SOFTSWITCHING TECHNOLOGIES has a great 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: SOFTSWITCHING TECHNOLOGIES cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: SOFTSWITCHING TECHNOLOGIES acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SOFTSWITCHING TECHNOLOGIES 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: SOFTSWITCHING TECHNOLOGIES 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: SOFTSWITCHING TECHNOLOGIES offers a solid life insurance policy to its team members for an affordable price. SOFTSWITCHING TECHNOLOGIES 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: SOFTSWITCHING TECHNOLOGIES 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: SOFTSWITCHING TECHNOLOGIES believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why SOFTSWITCHING TECHNOLOGIES offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: SOFTSWITCHING TECHNOLOGIES has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SOFTSWITCHING TECHNOLOGIES | Industry | Wisconsin |
|---|---|---|---|
| 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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