This report analyzes and compares ABBOTT MEDICAL OPTICS' 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
ABBOTT MEDICAL OPTICS has first-class 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 ABBOTT MEDICAL OPTICS. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ABBOTT MEDICAL OPTICS offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, ABBOTT MEDICAL OPTICS makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: ABBOTT MEDICAL OPTICS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: excellent development resources are what allows ABBOTT MEDICAL OPTICS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: ABBOTT MEDICAL OPTICS has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: ABBOTT MEDICAL OPTICS believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that ABBOTT MEDICAL OPTICS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: ABBOTT MEDICAL OPTICS is aware of the difficulties that new employees might experience when they join the team. That's why ABBOTT MEDICAL OPTICS has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: ABBOTT MEDICAL OPTICS 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: ABBOTT MEDICAL OPTICS has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at ABBOTT MEDICAL OPTICS.
Benefit | ABBOTT MEDICAL OPTICS | 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
ABBOTT MEDICAL OPTICS 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 ABBOTT MEDICAL OPTICS's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ABBOTT MEDICAL OPTICS does not offer counseling.
- DENTAL PLAN: ABBOTT MEDICAL OPTICS offers a valuable 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: ABBOTT MEDICAL OPTICS offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: ABBOTT MEDICAL OPTICS offers its team members top-notch 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. ABBOTT MEDICAL OPTICS provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: ABBOTT MEDICAL OPTICS has a remarkable 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: ABBOTT MEDICAL OPTICS offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: ABBOTT MEDICAL OPTICS has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. ABBOTT MEDICAL OPTICS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: ABBOTT MEDICAL OPTICS has an exceptional 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 | ABBOTT MEDICAL OPTICS | 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
ABBOTT MEDICAL OPTICS offers remarkable financial benefits for employees and their family members. A remarkable 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: ABBOTT MEDICAL OPTICS has an impressive 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, ABBOTT MEDICAL OPTICS offers an impressive 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, ABBOTT MEDICAL OPTICS offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ABBOTT MEDICAL OPTICS has a valuable Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: ABBOTT MEDICAL OPTICS 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: ABBOTT MEDICAL OPTICS offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: ABBOTT MEDICAL OPTICS has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: ABBOTT MEDICAL OPTICS offers an impressive 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: ABBOTT MEDICAL OPTICS has an exceptional disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: ABBOTT MEDICAL OPTICS offers a valuable life insurance policy to its team members for an affordable price. ABBOTT MEDICAL OPTICS participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: ABBOTT MEDICAL OPTICS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why ABBOTT MEDICAL OPTICS has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: ABBOTT MEDICAL OPTICS does not offer paid volunteer time off.
- PARENTAL LEAVE: ABBOTT MEDICAL OPTICS has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ABBOTT MEDICAL OPTICS | 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 |
Improve this report:
We have prepared ABBOTT MEDICAL OPTICS' benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.