This report analyzes and compares ABSOPURE WATER COMPANY's employee health insurance and employee benefits with its industry and in Michigan 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
ABSOPURE WATER COMPANY 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 ABSOPURE WATER COMPANY. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ABSOPURE WATER COMPANY 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. ABSOPURE WATER COMPANY has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: ABSOPURE WATER COMPANY offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows ABSOPURE WATER COMPANY to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: ABSOPURE WATER COMPANY has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: ABSOPURE WATER COMPANY believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that ABSOPURE WATER COMPANY provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: ABSOPURE WATER COMPANY does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, ABSOPURE WATER COMPANY implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: ABSOPURE WATER COMPANY 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 | ABSOPURE WATER COMPANY | Industry | Michigan |
|---|---|---|---|
| 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
ABSOPURE WATER COMPANY has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: ABSOPURE WATER COMPANY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why ABSOPURE WATER COMPANY 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: ABSOPURE WATER COMPANY offers a good 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: ABSOPURE WATER COMPANY offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, ABSOPURE WATER COMPANY offers solid health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, ABSOPURE WATER COMPANY offers a solid 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, ABSOPURE WATER COMPANY has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: ABSOPURE WATER COMPANY has a good telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. ABSOPURE WATER COMPANY can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ABSOPURE WATER COMPANY provides a top-notch Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | ABSOPURE WATER COMPANY | Industry | Michigan |
|---|---|---|---|
| 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
ABSOPURE WATER COMPANY 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: ABSOPURE WATER COMPANY has a top-notch 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. ABSOPURE WATER COMPANY 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 top-notch ABSOPURE WATER COMPANY has Matching program that matches 75% of employees' contributions. Whatever ABSOPURE WATER COMPANY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave ABSOPURE WATER COMPANY. Recognizing that every team member is unique, with specific needs and goals, ABSOPURE WATER COMPANY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: ABSOPURE WATER COMPANY 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 ABSOPURE WATER COMPANY.
- BONUS PAY: ABSOPURE WATER COMPANY offers superb bonuses to team members who excel in their field of work, provide extraordinary results for ABSOPURE WATER COMPANY, and encourage others to do the same.
- CHILDCARE DISCOUNT: ABSOPURE WATER COMPANY cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: ABSOPURE WATER COMPANY 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: ABSOPURE WATER COMPANY 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: ABSOPURE WATER COMPANY has an excellent 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: ABSOPURE WATER COMPANY offers an excellent 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 excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: ABSOPURE WATER COMPANY wants for its team members to lead a happy and fulfilled life so it has a valuable 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: ABSOPURE WATER COMPANY has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, ABSOPURE WATER COMPANY stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: ABSOPURE WATER COMPANY has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ABSOPURE WATER COMPANY | Industry | Michigan |
|---|---|---|---|
| 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 ABSOPURE WATER COMPANY's 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.