This report analyzes and compares SPECTRUM ATHLETIC CLUBS' 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
SPECTRUM ATHLETIC CLUBS offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. SPECTRUM ATHLETIC CLUBS 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: SPECTRUM ATHLETIC CLUBS 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. SPECTRUM ATHLETIC CLUBS has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SPECTRUM ATHLETIC CLUBS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: SPECTRUM ATHLETIC CLUBS encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, SPECTRUM ATHLETIC CLUBS 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: SPECTRUM ATHLETIC CLUBS has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: SPECTRUM ATHLETIC CLUBS offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by SPECTRUM ATHLETIC CLUBS to grow as leaders and learn how to make tough calls.
- ONBOARDING: SPECTRUM ATHLETIC CLUBS is aware of the difficulties that new employees might experience when they join the team. That's why SPECTRUM ATHLETIC CLUBS has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: SPECTRUM ATHLETIC CLUBS has a remarkable 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: SPECTRUM ATHLETIC CLUBS has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | SPECTRUM ATHLETIC CLUBS | 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
SPECTRUM ATHLETIC CLUBS 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 SPECTRUM ATHLETIC CLUBS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SPECTRUM ATHLETIC CLUBS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SPECTRUM ATHLETIC CLUBS implemented a suitable 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 suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at SPECTRUM ATHLETIC CLUBS have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. SPECTRUM ATHLETIC CLUBS partially pays for dentures and braces as well.
- HEALTH INSURANCE: SPECTRUM ATHLETIC CLUBS offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SPECTRUM ATHLETIC CLUBS 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. SPECTRUM ATHLETIC CLUBS provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, SPECTRUM ATHLETIC CLUBS offers a good 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, SPECTRUM ATHLETIC CLUBS has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: SPECTRUM ATHLETIC CLUBS has implemented a first-class telehealth policy for its members to use any time of the day, every single day. SPECTRUM ATHLETIC CLUBS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: SPECTRUM ATHLETIC CLUBS has an impressive 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 | SPECTRUM ATHLETIC CLUBS | 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
SPECTRUM ATHLETIC CLUBS offers superior financial benefits for employees and their family members. A superior 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: SPECTRUM ATHLETIC CLUBS has a superior 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. SPECTRUM ATHLETIC CLUBS 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 superior SPECTRUM ATHLETIC CLUBS has Matching program that matches 75% of employees' contributions. Whatever SPECTRUM ATHLETIC CLUBS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SPECTRUM ATHLETIC CLUBS. Recognizing that every team member is unique, with specific needs and goals, SPECTRUM ATHLETIC CLUBS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SPECTRUM ATHLETIC CLUBS does not offer adoption assistance reimbursement.
- BONUS PAY: SPECTRUM ATHLETIC CLUBS has an excellent 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: SPECTRUM ATHLETIC CLUBS does not offer childcare discount.
- COMMUTER BENEFIT: SPECTRUM ATHLETIC CLUBS offers outstanding 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: SPECTRUM ATHLETIC CLUBS 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: SPECTRUM ATHLETIC CLUBS has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: SPECTRUM ATHLETIC CLUBS offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: SPECTRUM ATHLETIC CLUBS has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: SPECTRUM ATHLETIC CLUBS has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, SPECTRUM ATHLETIC CLUBS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: SPECTRUM ATHLETIC CLUBS has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SPECTRUM ATHLETIC CLUBS | 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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