This report analyzes and compares TESSERA TECHNOLOGIES' 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
TESSERA TECHNOLOGIES offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. TESSERA TECHNOLOGIES believes that every employee has a valuable set of skills so it helps them plan their careers with valuable developmental resources and mentorships.
- CAREER PLANNING: TESSERA TECHNOLOGIES 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. TESSERA TECHNOLOGIES has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: TESSERA TECHNOLOGIES offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: TESSERA TECHNOLOGIES encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, TESSERA TECHNOLOGIES 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: TESSERA TECHNOLOGIES has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: TESSERA TECHNOLOGIES is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, TESSERA TECHNOLOGIES ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: TESSERA TECHNOLOGIES is aware of the difficulties that new employees might experience when they join the team. That's why TESSERA TECHNOLOGIES has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: TESSERA TECHNOLOGIES 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: TESSERA TECHNOLOGIES does not offer tuition reimbursement.
Benefit | TESSERA TECHNOLOGIES | 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
TESSERA TECHNOLOGIES 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 TESSERA TECHNOLOGIES's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TESSERA TECHNOLOGIES wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at TESSERA TECHNOLOGIES have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. TESSERA TECHNOLOGIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: TESSERA TECHNOLOGIES offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: TESSERA TECHNOLOGIES offers its team members superior 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. TESSERA TECHNOLOGIES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, TESSERA TECHNOLOGIES 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, TESSERA TECHNOLOGIES has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: TESSERA TECHNOLOGIES has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. TESSERA TECHNOLOGIES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: TESSERA TECHNOLOGIES offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | TESSERA TECHNOLOGIES | 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
TESSERA TECHNOLOGIES gives exceptional financial benefits to make sure that its team members are always happy with their financial situation even when they are unable to work. Considerable parental leave with a 100% salary, as well as thoughtful disability policy, keep employees secure. Team members that want to volunteer can enjoy several days per year of paid volunteer work.
- 401(K) PLAN: TESSERA TECHNOLOGIES has an exceptional 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, TESSERA TECHNOLOGIES offers an exceptional program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, TESSERA TECHNOLOGIES offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: TESSERA TECHNOLOGIES has a superior Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by TESSERA TECHNOLOGIES.
- BONUS PAY: TESSERA TECHNOLOGIES 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: TESSERA TECHNOLOGIES has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: TESSERA TECHNOLOGIES offers excellent 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: TESSERA TECHNOLOGIES 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: TESSERA TECHNOLOGIES offers a first-class 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: TESSERA TECHNOLOGIES has a superb 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: TESSERA TECHNOLOGIES has an extraordinary 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: TESSERA TECHNOLOGIES believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why TESSERA TECHNOLOGIES offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: TESSERA TECHNOLOGIES has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TESSERA TECHNOLOGIES | 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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