This report analyzes and compares BB&T SCOTT & STRINGFELLOW's employee health insurance and employee benefits with its industry and in Virginia 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
BB&T SCOTT & STRINGFELLOW offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. BB&T SCOTT & STRINGFELLOW believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: BB&T SCOTT & STRINGFELLOW believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. BB&T SCOTT & STRINGFELLOW has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, BB&T SCOTT & STRINGFELLOW can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: BB&T SCOTT & STRINGFELLOW offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: BB&T SCOTT & STRINGFELLOW has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: BB&T SCOTT & STRINGFELLOW is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, BB&T SCOTT & STRINGFELLOW ensures that team members with a potential for becoming leaders can achieve their goals.
- 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 BB&T SCOTT & STRINGFELLOW offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: BB&T SCOTT & STRINGFELLOW has a first-class 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: BB&T SCOTT & STRINGFELLOW does not offer tuition reimbursement.
Benefit | BB&T SCOTT & STRINGFELLOW | Industry | Virginia |
|---|---|---|---|
| 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
BB&T SCOTT & STRINGFELLOW offers superb 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 BB&T SCOTT & STRINGFELLOW's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BB&T SCOTT & STRINGFELLOW wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at BB&T SCOTT & STRINGFELLOW 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. BB&T SCOTT & STRINGFELLOW partially pays for dentures and braces as well.
- HEALTH INSURANCE: BB&T SCOTT & STRINGFELLOW provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: BB&T SCOTT & STRINGFELLOW offers its team members top-notch health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. BB&T SCOTT & STRINGFELLOW provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, BB&T SCOTT & STRINGFELLOW 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, BB&T SCOTT & STRINGFELLOW has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: BB&T SCOTT & STRINGFELLOW has implemented a first-class telehealth policy for its members to use any time of the day, every single day. BB&T SCOTT & STRINGFELLOW covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: BB&T SCOTT & STRINGFELLOW offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | BB&T SCOTT & STRINGFELLOW | Industry | Virginia |
|---|---|---|---|
| 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
BB&T SCOTT & STRINGFELLOW offers top-notch financial benefits for employees and their family members. A top-notch 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: BB&T SCOTT & STRINGFELLOW does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: BB&T SCOTT & STRINGFELLOW has an impressive 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: BB&T SCOTT & STRINGFELLOW has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: BB&T SCOTT & STRINGFELLOW does not offer childcare discount.
- COMMUTER BENEFIT: BB&T SCOTT & STRINGFELLOW 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: BB&T SCOTT & STRINGFELLOW offers an excellent 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: BB&T SCOTT & STRINGFELLOW has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: BB&T SCOTT & STRINGFELLOW offers an exceptional 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 exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: BB&T SCOTT & STRINGFELLOW has an excellent 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: BB&T SCOTT & STRINGFELLOW recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by BB&T SCOTT & STRINGFELLOW, on volunteer work of their choice.
- PARENTAL LEAVE: BB&T SCOTT & STRINGFELLOW has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BB&T SCOTT & STRINGFELLOW | Industry | Virginia |
|---|---|---|---|
| 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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