This report analyzes and compares WL GORE & ASSOCIATES' employee health insurance and employee benefits with its industry and in New Jersey 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
WL GORE & ASSOCIATES offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. WL GORE & ASSOCIATES believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: WL GORE & ASSOCIATES believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. WL GORE & ASSOCIATES has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: WL GORE & ASSOCIATES offers remarkable coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows WL GORE & ASSOCIATES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: WL GORE & ASSOCIATES does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: WL GORE & ASSOCIATES does not offer leadership programs.
- ONBOARDING: WL GORE & ASSOCIATES does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, WL GORE & ASSOCIATES implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WL GORE & ASSOCIATES realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | WL GORE & ASSOCIATES | Industry | New Jersey |
|---|---|---|---|
| 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
WL GORE & ASSOCIATES 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 WL GORE & ASSOCIATES's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WL GORE & 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 WL GORE & ASSOCIATES implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at WL GORE & ASSOCIATES have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. WL GORE & ASSOCIATES partially pays for dentures and braces as well.
- HEALTH INSURANCE: WL GORE & 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: WL GORE & ASSOCIATES 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. WL GORE & ASSOCIATES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, WL GORE & 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: Aware of the challenges that come with pregnancy, WL GORE & ASSOCIATES has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: WL GORE & ASSOCIATES does not offer telehealth.
- VISION PLAN: WL GORE & ASSOCIATES offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | WL GORE & ASSOCIATES | Industry | New Jersey |
|---|---|---|---|
| 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
WL GORE & 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: WL GORE & 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, WL GORE & 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, WL GORE & ASSOCIATES offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: WL GORE & ASSOCIATES has a superb 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 WL GORE & ASSOCIATES.
- BONUS PAY: WL GORE & ASSOCIATES has a suitable 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: WL GORE & ASSOCIATES offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: WL GORE & ASSOCIATES acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: WL GORE & ASSOCIATES offers a first-class 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: WL GORE & ASSOCIATES has a great 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 great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: WL GORE & ASSOCIATES 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: WL GORE & ASSOCIATES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why WL GORE & ASSOCIATES has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: WL GORE & ASSOCIATES has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, WL GORE & ASSOCIATES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: WL GORE & ASSOCIATES has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WL GORE & ASSOCIATES | Industry | New Jersey |
|---|---|---|---|
| 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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