This report analyzes and compares SPINNAKER BIOSCIENCES' 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
SPINNAKER BIOSCIENCES has remarkable 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 SPINNAKER BIOSCIENCES. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SPINNAKER BIOSCIENCES believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. SPINNAKER BIOSCIENCES has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SPINNAKER BIOSCIENCES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: SPINNAKER BIOSCIENCES encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, SPINNAKER BIOSCIENCES 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: SPINNAKER BIOSCIENCES has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: SPINNAKER BIOSCIENCES offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by SPINNAKER BIOSCIENCES to grow as leaders and learn how to make tough calls.
- ONBOARDING: SPINNAKER BIOSCIENCES does not offer onboarding.
- RECOGNITION PROGRAMS: SPINNAKER BIOSCIENCES 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: SPINNAKER BIOSCIENCES realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | SPINNAKER BIOSCIENCES | 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
SPINNAKER BIOSCIENCES offers remarkable 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 SPINNAKER BIOSCIENCES's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SPINNAKER BIOSCIENCES does not offer counseling.
- DENTAL PLAN: SPINNAKER BIOSCIENCES cares about its team members' dental health so it offers an excellent 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: SPINNAKER BIOSCIENCES provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: SPINNAKER BIOSCIENCES is aware of the fact that a healthy employee is a productive employee so it offers excellent 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, SPINNAKER BIOSCIENCES offers a valuable 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, SPINNAKER BIOSCIENCES has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: SPINNAKER BIOSCIENCES has implemented a superb telehealth policy for its members to use any time of the day, every single day. SPINNAKER BIOSCIENCES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: SPINNAKER BIOSCIENCES offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | SPINNAKER BIOSCIENCES | 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
SPINNAKER BIOSCIENCES 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: SPINNAKER BIOSCIENCES knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 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 SPINNAKER BIOSCIENCES 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, SPINNAKER BIOSCIENCES provides resources which will help team members decide what to do with their 401(k) plan. SPINNAKER BIOSCIENCES offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: SPINNAKER BIOSCIENCES has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: SPINNAKER BIOSCIENCES has an extraordinary 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: SPINNAKER BIOSCIENCES cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: SPINNAKER BIOSCIENCES 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: SPINNAKER BIOSCIENCES offers an exceptional 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: SPINNAKER BIOSCIENCES has an extraordinary disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: SPINNAKER BIOSCIENCES 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: SPINNAKER BIOSCIENCES 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: SPINNAKER BIOSCIENCES has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, SPINNAKER BIOSCIENCES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: SPINNAKER BIOSCIENCES has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SPINNAKER BIOSCIENCES | 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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