This report analyzes and compares VISHAY PRECISION GROUP's employee health insurance and employee benefits with its industry and in Pennsylvania 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
VISHAY PRECISION GROUP has remarkable 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 VISHAY PRECISION GROUP. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: VISHAY PRECISION GROUP continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that VISHAY PRECISION GROUP uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: VISHAY PRECISION GROUP offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: VISHAY PRECISION GROUP encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, VISHAY PRECISION GROUP supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: VISHAY PRECISION GROUP has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: VISHAY PRECISION GROUP believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that VISHAY PRECISION GROUP provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: VISHAY PRECISION GROUP does not offer onboarding.
- RECOGNITION PROGRAMS: VISHAY PRECISION GROUP has a remarkable 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: VISHAY PRECISION GROUP has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at VISHAY PRECISION GROUP.
Benefit | VISHAY PRECISION GROUP | Industry | Pennsylvania |
|---|---|---|---|
| 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
VISHAY PRECISION GROUP 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 VISHAY PRECISION GROUP's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: VISHAY PRECISION GROUP 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 VISHAY PRECISION GROUP have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. VISHAY PRECISION GROUP partially pays for dentures and braces as well.
- HEALTH INSURANCE: VISHAY PRECISION GROUP 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: VISHAY PRECISION GROUP is aware of the fact that a healthy employee is a productive employee so it offers outstanding 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: VISHAY PRECISION GROUP 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, VISHAY PRECISION GROUP has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: VISHAY PRECISION GROUP does not offer telehealth.
- VISION PLAN: VISHAY PRECISION GROUP offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | VISHAY PRECISION GROUP | Industry | Pennsylvania |
|---|---|---|---|
| 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
VISHAY PRECISION GROUP offers superb financial benefits for employees and their family members. A superb 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: VISHAY PRECISION GROUP has a first-class 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. VISHAY PRECISION GROUP provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a first-class VISHAY PRECISION GROUP has Matching program that matches 75% of employees' contributions. Whatever VISHAY PRECISION GROUP contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave VISHAY PRECISION GROUP. Recognizing that every team member is unique, with specific needs and goals, VISHAY PRECISION GROUP keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: VISHAY PRECISION GROUP does not offer adoption assistance reimbursement.
- BONUS PAY: VISHAY PRECISION GROUP 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: VISHAY PRECISION GROUP has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: VISHAY PRECISION GROUP offers exceptional 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: VISHAY PRECISION GROUP 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: VISHAY PRECISION GROUP offers a superb 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: VISHAY PRECISION GROUP offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: VISHAY PRECISION GROUP has an outstanding 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: VISHAY PRECISION GROUP 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, VISHAY PRECISION GROUP stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: VISHAY PRECISION GROUP has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | VISHAY PRECISION GROUP | Industry | Pennsylvania |
|---|---|---|---|
| 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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