This report analyzes and compares ARROW ELECTRONICS' 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
ARROW ELECTRONICS has top-notch 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 ARROW ELECTRONICS. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ARROW ELECTRONICS offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, ARROW ELECTRONICS makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: ARROW ELECTRONICS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: ARROW ELECTRONICS encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, ARROW ELECTRONICS supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: ARROW ELECTRONICS has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: ARROW ELECTRONICS does not offer leadership programs.
- ONBOARDING: ARROW ELECTRONICS is aware of the difficulties that new employees might experience when they join the team. That's why ARROW ELECTRONICS has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: ARROW ELECTRONICS knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to ARROW ELECTRONICS.
- TUITION REIMBURSEMENT: ARROW ELECTRONICS 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 ARROW ELECTRONICS.
Benefit | ARROW ELECTRONICS | 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
ARROW ELECTRONICS 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 ARROW ELECTRONICS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ARROW ELECTRONICS has an excellent counseling program for its employees and their family members. Team members are encouraged by ARROW ELECTRONICS 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 excellent 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 ARROW ELECTRONICS have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. ARROW ELECTRONICS partially pays for dentures and braces as well.
- HEALTH INSURANCE: ARROW ELECTRONICS offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: ARROW ELECTRONICS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: ARROW ELECTRONICS offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: ARROW ELECTRONICS has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: ARROW ELECTRONICS has an outstanding telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: ARROW ELECTRONICS provides a superb 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 | ARROW ELECTRONICS | 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
ARROW ELECTRONICS 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: ARROW ELECTRONICS has a superior 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. ARROW ELECTRONICS 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 superior ARROW ELECTRONICS has Matching program that matches 75% of employees' contributions. Whatever ARROW ELECTRONICS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave ARROW ELECTRONICS. Recognizing that every team member is unique, with specific needs and goals, ARROW ELECTRONICS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: ARROW ELECTRONICS has an exceptional 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: ARROW ELECTRONICS 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: ARROW ELECTRONICS cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: ARROW ELECTRONICS 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: ARROW ELECTRONICS offers a remarkable 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: ARROW ELECTRONICS offers a top-notch short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: ARROW ELECTRONICS has a first-class 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: ARROW ELECTRONICS has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: ARROW ELECTRONICS recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ARROW ELECTRONICS, on volunteer work of their choice.
- PARENTAL LEAVE: ARROW ELECTRONICS has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ARROW ELECTRONICS | 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 |
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