This report analyzes and compares TECTUM HOLDINGS' employee health insurance and employee benefits with its industry and in Michigan 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
TECTUM HOLDINGS offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. TECTUM HOLDINGS 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: TECTUM HOLDINGS continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that TECTUM HOLDINGS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: TECTUM HOLDINGS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: TECTUM HOLDINGS encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, TECTUM HOLDINGS supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: TECTUM HOLDINGS has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: TECTUM HOLDINGS is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, TECTUM HOLDINGS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: TECTUM HOLDINGS does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, TECTUM HOLDINGS implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: TECTUM HOLDINGS 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 | TECTUM HOLDINGS | Industry | Michigan |
|---|---|---|---|
| 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
TECTUM HOLDINGS 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 TECTUM HOLDINGS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TECTUM HOLDINGS has an excellent counseling program for its employees and their family members. Team members are encouraged by TECTUM HOLDINGS to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at TECTUM HOLDINGS 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. TECTUM HOLDINGS partially pays for dentures and braces as well.
- HEALTH INSURANCE: TECTUM HOLDINGS offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: TECTUM HOLDINGS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: TECTUM HOLDINGS offers an excellent 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: Aware of the challenges that come with pregnancy, TECTUM HOLDINGS has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: TECTUM HOLDINGS has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. TECTUM HOLDINGS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: TECTUM HOLDINGS provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | TECTUM HOLDINGS | Industry | Michigan |
|---|---|---|---|
| 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
TECTUM HOLDINGS 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: TECTUM HOLDINGS knows how important it is to think about retirement and start saving on time. That's why it offers a good 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 TECTUM HOLDINGS 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, TECTUM HOLDINGS provides resources which will help team members decide what to do with their 401(k) plan. TECTUM HOLDINGS offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: TECTUM HOLDINGS 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: TECTUM HOLDINGS offers superb bonuses to team members who excel in their field of work, provide extraordinary results for TECTUM HOLDINGS, and encourage others to do the same.
- CHILDCARE DISCOUNT: TECTUM HOLDINGS does not offer childcare discount.
- COMMUTER BENEFIT: TECTUM HOLDINGS acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TECTUM HOLDINGS offers an extraordinary 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: TECTUM HOLDINGS has a solid 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 solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: TECTUM HOLDINGS 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: TECTUM HOLDINGS wants for its team members to lead a happy and fulfilled life so it has a great 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: TECTUM HOLDINGS has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, TECTUM HOLDINGS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: TECTUM HOLDINGS has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TECTUM HOLDINGS | Industry | Michigan |
|---|---|---|---|
| 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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