This report analyzes and compares SUCCESSFACTORS' 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
SUCCESSFACTORS offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. SUCCESSFACTORS 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: SUCCESSFACTORS believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. SUCCESSFACTORS has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SUCCESSFACTORS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: SUCCESSFACTORS 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: SUCCESSFACTORS does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: SUCCESSFACTORS does not offer leadership programs.
- ONBOARDING: SUCCESSFACTORS does not offer onboarding.
- RECOGNITION PROGRAMS: SUCCESSFACTORS knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to SUCCESSFACTORS.
- TUITION REIMBURSEMENT: SUCCESSFACTORS 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 | SUCCESSFACTORS | 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
SUCCESSFACTORS has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: SUCCESSFACTORS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SUCCESSFACTORS implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at SUCCESSFACTORS have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. SUCCESSFACTORS partially pays for dentures and braces as well.
- HEALTH INSURANCE: SUCCESSFACTORS offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: SUCCESSFACTORS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: SUCCESSFACTORS offers an outstanding 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: SUCCESSFACTORS has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: SUCCESSFACTORS has a solid telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. SUCCESSFACTORS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: SUCCESSFACTORS offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | SUCCESSFACTORS | 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
SUCCESSFACTORS 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: SUCCESSFACTORS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: SUCCESSFACTORS has an impressive 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: SUCCESSFACTORS has a solid 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: SUCCESSFACTORS offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: SUCCESSFACTORS acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SUCCESSFACTORS 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: SUCCESSFACTORS offers a top-notch short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: SUCCESSFACTORS offers an excellent 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 excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: SUCCESSFACTORS 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: SUCCESSFACTORS does not offer paid volunteer time off.
- PARENTAL LEAVE: SUCCESSFACTORS has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SUCCESSFACTORS | 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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