This report analyzes and compares ADVANCED ENERGY INDUSTRIES' employee health insurance and employee benefits with its industry and in Colorado 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
ADVANCED ENERGY INDUSTRIES 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 ADVANCED ENERGY INDUSTRIES. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ADVANCED ENERGY INDUSTRIES believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. ADVANCED ENERGY INDUSTRIES has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: ADVANCED ENERGY INDUSTRIES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: ADVANCED ENERGY INDUSTRIES encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, ADVANCED ENERGY INDUSTRIES supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: ADVANCED ENERGY INDUSTRIES has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: ADVANCED ENERGY INDUSTRIES offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by ADVANCED ENERGY INDUSTRIES to grow as leaders and learn how to make tough calls.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why ADVANCED ENERGY INDUSTRIES offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: ADVANCED ENERGY INDUSTRIES 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: ADVANCED ENERGY INDUSTRIES has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at ADVANCED ENERGY INDUSTRIES.
Benefit | ADVANCED ENERGY INDUSTRIES | Industry | Colorado |
|---|---|---|---|
| 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
ADVANCED ENERGY INDUSTRIES 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 ADVANCED ENERGY INDUSTRIES's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ADVANCED ENERGY INDUSTRIES has an extraordinary counseling program for its employees and their family members. Team members are encouraged by ADVANCED ENERGY INDUSTRIES to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at ADVANCED ENERGY INDUSTRIES 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. ADVANCED ENERGY INDUSTRIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: ADVANCED ENERGY INDUSTRIES offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: ADVANCED ENERGY INDUSTRIES 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: To financially help its team members with medical emergencies, ADVANCED ENERGY INDUSTRIES offers a valuable 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: ADVANCED ENERGY INDUSTRIES offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: ADVANCED ENERGY INDUSTRIES 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. ADVANCED ENERGY INDUSTRIES can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ADVANCED ENERGY INDUSTRIES offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | ADVANCED ENERGY INDUSTRIES | Industry | Colorado |
|---|---|---|---|
| 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
Team members enjoy great financial benefits at ADVANCED ENERGY INDUSTRIES. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. ADVANCED ENERGY INDUSTRIES offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect ADVANCED ENERGY INDUSTRIES to partially cover the expenses.
- 401(K) PLAN: ADVANCED ENERGY INDUSTRIES does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ADVANCED ENERGY INDUSTRIES has a solid 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: ADVANCED ENERGY INDUSTRIES 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: ADVANCED ENERGY INDUSTRIES does not offer childcare discount.
- COMMUTER BENEFIT: ADVANCED ENERGY INDUSTRIES acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: ADVANCED ENERGY INDUSTRIES has a great daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: ADVANCED ENERGY INDUSTRIES has an impressive 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: ADVANCED ENERGY INDUSTRIES 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: ADVANCED ENERGY INDUSTRIES wants for its team members to lead a happy and fulfilled life so it has a great 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: ADVANCED ENERGY INDUSTRIES has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, ADVANCED ENERGY INDUSTRIES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: ADVANCED ENERGY INDUSTRIES has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ADVANCED ENERGY INDUSTRIES | Industry | Colorado |
|---|---|---|---|
| 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 ADVANCED ENERGY INDUSTRIES' 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.