This report analyzes and compares AFC CABLE SYSTEMS' employee health insurance and employee benefits with its industry and in Massachusetts 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
AFC CABLE SYSTEMS offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. AFC CABLE SYSTEMS believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: AFC CABLE SYSTEMS offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, AFC CABLE SYSTEMS makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: AFC CABLE SYSTEMS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: AFC CABLE SYSTEMS encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, AFC CABLE SYSTEMS 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: AFC CABLE SYSTEMS has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: AFC CABLE SYSTEMS believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that AFC CABLE SYSTEMS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: AFC CABLE SYSTEMS is aware of the difficulties that new employees might experience when they join the team. That's why AFC CABLE SYSTEMS has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, AFC CABLE SYSTEMS implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: AFC CABLE SYSTEMS has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at AFC CABLE SYSTEMS.
Benefit | AFC CABLE SYSTEMS | Industry | Massachusetts |
|---|---|---|---|
| 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
AFC CABLE SYSTEMS offers first-class 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 AFC CABLE SYSTEMS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: AFC CABLE SYSTEMS does not offer counseling.
- DENTAL PLAN: AFC CABLE SYSTEMS offers a great 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: AFC CABLE SYSTEMS provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: AFC CABLE SYSTEMS is aware of the fact that a healthy employee is a productive employee so it offers exceptional 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: AFC CABLE SYSTEMS has a first-class 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: Aware of the challenges that come with pregnancy, AFC CABLE SYSTEMS has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: AFC CABLE SYSTEMS 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. AFC CABLE SYSTEMS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: AFC CABLE SYSTEMS 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 | AFC CABLE SYSTEMS | Industry | Massachusetts |
|---|---|---|---|
| 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
AFC CABLE SYSTEMS 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: AFC CABLE SYSTEMS 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, AFC CABLE SYSTEMS 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, AFC CABLE SYSTEMS offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: AFC CABLE SYSTEMS has an extraordinary Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: AFC CABLE SYSTEMS has a valuable 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: AFC CABLE SYSTEMS has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: AFC CABLE SYSTEMS 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: AFC CABLE SYSTEMS has a solid 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: AFC CABLE SYSTEMS has a solid 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 solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: AFC CABLE SYSTEMS offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: AFC CABLE SYSTEMS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why AFC CABLE SYSTEMS has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: AFC CABLE SYSTEMS does not offer paid volunteer time off.
- PARENTAL LEAVE: AFC CABLE SYSTEMS has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | AFC CABLE SYSTEMS | Industry | Massachusetts |
|---|---|---|---|
| 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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