This report analyzes and compares VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES' employee health insurance and employee benefits with its industry and in Massachusetts 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
VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has superior 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 VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES continually evaluates its team members to determine the potential and direction of employees' careers. The exceptional tools that VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES offers a superior Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES does not offer tuition reimbursement.
Benefit | VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES | Industry | Massachusetts |
|---|---|---|---|
| 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
VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES offers remarkable 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 VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES offers a solid dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES is aware of the fact that a healthy employee is a productive employee so it offers extraordinary health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES does not offer telehealth.
- VISION PLAN: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has an impressive 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 | VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES | Industry | Massachusetts |
|---|---|---|---|
| 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
VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has an excellent 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, VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES offers an excellent 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, VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has a remarkable 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 VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES.
- BONUS PAY: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has an outstanding 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES offers a remarkable 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES 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: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES | Industry | Massachusetts |
|---|---|---|---|
| 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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