This report analyzes and compares STANLEY BLACK & DECKER's employee health insurance and employee benefits with its industry and in Connecticut 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
STANLEY BLACK & DECKER 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 STANLEY BLACK & DECKER. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: STANLEY BLACK & DECKER 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. STANLEY BLACK & DECKER has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, STANLEY BLACK & DECKER can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: STANLEY BLACK & DECKER offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: STANLEY BLACK & DECKER has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: STANLEY BLACK & DECKER believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that STANLEY BLACK & DECKER provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: STANLEY BLACK & DECKER is aware of the difficulties that new employees might experience when they join the team. That's why STANLEY BLACK & DECKER has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: STANLEY BLACK & DECKER has a first-class 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: STANLEY BLACK & DECKER does not offer tuition reimbursement.
Benefit | STANLEY BLACK & DECKER | Industry | Connecticut |
|---|---|---|---|
| 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
STANLEY BLACK & DECKER offers first-class 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 STANLEY BLACK & DECKER's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: STANLEY BLACK & DECKER is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why STANLEY BLACK & DECKER 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: STANLEY BLACK & DECKER 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: STANLEY BLACK & DECKER offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: STANLEY BLACK & DECKER does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: STANLEY BLACK & DECKER has a first-class healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: STANLEY BLACK & DECKER offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: STANLEY BLACK & DECKER has an impressive telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: STANLEY BLACK & DECKER 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 | STANLEY BLACK & DECKER | Industry | Connecticut |
|---|---|---|---|
| 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
STANLEY BLACK & DECKER offers first-class financial benefits for employees and their family members. A first-class 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: STANLEY BLACK & DECKER 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. STANLEY BLACK & DECKER 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 STANLEY BLACK & DECKER has Matching program that matches 75% of employees' contributions. Whatever STANLEY BLACK & DECKER contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave STANLEY BLACK & DECKER. Recognizing that every team member is unique, with specific needs and goals, STANLEY BLACK & DECKER keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: STANLEY BLACK & DECKER 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: STANLEY BLACK & DECKER offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for STANLEY BLACK & DECKER, and encourage others to do the same.
- CHILDCARE DISCOUNT: STANLEY BLACK & DECKER offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: STANLEY BLACK & DECKER offers extraordinary 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: STANLEY BLACK & DECKER offers an outstanding 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: STANLEY BLACK & DECKER has an impressive 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: STANLEY BLACK & DECKER 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: STANLEY BLACK & DECKER realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why STANLEY BLACK & DECKER has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: STANLEY BLACK & DECKER believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why STANLEY BLACK & DECKER offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: STANLEY BLACK & DECKER has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | STANLEY BLACK & DECKER | Industry | Connecticut |
|---|---|---|---|
| 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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