This report analyzes and compares ASYST TECHNOLOGIES' 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
ASYST TECHNOLOGIES has superb 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 ASYST TECHNOLOGIES. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ASYST TECHNOLOGIES offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, ASYST TECHNOLOGIES makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: By using a good coaching and mentoring program, ASYST TECHNOLOGIES can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: ASYST TECHNOLOGIES encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, ASYST TECHNOLOGIES supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: ASYST TECHNOLOGIES has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: ASYST TECHNOLOGIES offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by ASYST TECHNOLOGIES to grow as leaders and learn how to make tough calls.
- ONBOARDING: ASYST TECHNOLOGIES does not offer onboarding.
- RECOGNITION PROGRAMS: ASYST TECHNOLOGIES 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 ASYST TECHNOLOGIES.
- TUITION REIMBURSEMENT: ASYST TECHNOLOGIES realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | ASYST TECHNOLOGIES | 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
ASYST TECHNOLOGIES has solid health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers solid 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 solid healthcare spending account at their disposal.
- COUNSELING: ASYST TECHNOLOGIES does not offer counseling.
- DENTAL PLAN: ASYST TECHNOLOGIES cares about its team members' dental health so it offers an excellent dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, ASYST TECHNOLOGIES offers a suitable 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, ASYST TECHNOLOGIES has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: ASYST TECHNOLOGIES has a solid 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. ASYST TECHNOLOGIES can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ASYST TECHNOLOGIES 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 | ASYST TECHNOLOGIES | 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
ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and ASYST TECHNOLOGIES will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, ASYST TECHNOLOGIES provides resources which will help team members decide what to do with their 401(k) plan. ASYST TECHNOLOGIES offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: ASYST TECHNOLOGIES offers impressive 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: ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES offers a good life insurance policy to its team members for an affordable price. ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES 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: ASYST TECHNOLOGIES recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ASYST TECHNOLOGIES, on volunteer work of their choice.
- PARENTAL LEAVE: ASYST TECHNOLOGIES has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ASYST TECHNOLOGIES | 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 |
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