This report analyzes and compares TOMMY BAHAMA's employee health insurance and employee benefits with its industry and in Washington 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
TOMMY BAHAMA has top-notch 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 TOMMY BAHAMA. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: TOMMY BAHAMA offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, TOMMY BAHAMA makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: TOMMY BAHAMA believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows TOMMY BAHAMA to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: TOMMY BAHAMA has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: TOMMY BAHAMA believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that TOMMY BAHAMA provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: TOMMY BAHAMA does not offer onboarding.
- RECOGNITION PROGRAMS: TOMMY BAHAMA 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 TOMMY BAHAMA.
- TUITION REIMBURSEMENT: TOMMY BAHAMA has a valuable 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 | TOMMY BAHAMA | Industry | Washington |
|---|---|---|---|
| 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
TOMMY BAHAMA offers top-notch 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 TOMMY BAHAMA's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TOMMY BAHAMA has an exceptional counseling program for its employees and their family members. Team members are encouraged by TOMMY BAHAMA 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 exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: TOMMY BAHAMA cares about its team members' dental health so it offers an impressive 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: TOMMY BAHAMA offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: TOMMY BAHAMA offers its team members first-class 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. TOMMY BAHAMA provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: TOMMY BAHAMA 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: Aware of the challenges that come with pregnancy, TOMMY BAHAMA has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: TOMMY BAHAMA has implemented a superior telehealth policy for its members to use any time of the day, every single day. TOMMY BAHAMA covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: TOMMY BAHAMA has an excellent 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 | TOMMY BAHAMA | Industry | Washington |
|---|---|---|---|
| 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
TOMMY BAHAMA 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: TOMMY BAHAMA does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: TOMMY BAHAMA 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 TOMMY BAHAMA.
- BONUS PAY: TOMMY BAHAMA has a great 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: TOMMY BAHAMA cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: TOMMY BAHAMA 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: TOMMY BAHAMA offers a top-notch daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: TOMMY BAHAMA 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: TOMMY BAHAMA has a first-class 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: TOMMY BAHAMA realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why TOMMY BAHAMA has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: TOMMY BAHAMA believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why TOMMY BAHAMA offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: TOMMY BAHAMA has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TOMMY BAHAMA | Industry | Washington |
|---|---|---|---|
| 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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