This report analyzes and compares BEACON ENDOSCOPIC's 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
BEACON ENDOSCOPIC offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. BEACON ENDOSCOPIC believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: BEACON ENDOSCOPIC 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. BEACON ENDOSCOPIC has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, BEACON ENDOSCOPIC can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: BEACON ENDOSCOPIC encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, BEACON ENDOSCOPIC 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: BEACON ENDOSCOPIC has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: BEACON ENDOSCOPIC is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, BEACON ENDOSCOPIC ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: BEACON ENDOSCOPIC is aware of the difficulties that new employees might experience when they join the team. That's why BEACON ENDOSCOPIC has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: BEACON ENDOSCOPIC knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to BEACON ENDOSCOPIC.
- TUITION REIMBURSEMENT: BEACON ENDOSCOPIC has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at BEACON ENDOSCOPIC.
Benefit | BEACON ENDOSCOPIC | 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
BEACON ENDOSCOPIC offers top-notch 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 BEACON ENDOSCOPIC's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BEACON ENDOSCOPIC has an impressive counseling program for its employees and their family members. Team members are encouraged by BEACON ENDOSCOPIC 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 impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: BEACON ENDOSCOPIC cares about its team members' dental health so it offers an extraordinary 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: BEACON ENDOSCOPIC offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: BEACON ENDOSCOPIC offers its team members first-class 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. BEACON ENDOSCOPIC provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: BEACON ENDOSCOPIC offers an extraordinary 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: BEACON ENDOSCOPIC 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: BEACON ENDOSCOPIC 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. BEACON ENDOSCOPIC can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: BEACON ENDOSCOPIC has an impressive 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 | BEACON ENDOSCOPIC | 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
BEACON ENDOSCOPIC offers first-class financial benefits for employees and their family members. A first-class 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: BEACON ENDOSCOPIC 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. BEACON ENDOSCOPIC 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 BEACON ENDOSCOPIC has Matching program that matches 75% of employees' contributions. Whatever BEACON ENDOSCOPIC contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BEACON ENDOSCOPIC. Recognizing that every team member is unique, with specific needs and goals, BEACON ENDOSCOPIC keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BEACON ENDOSCOPIC does not offer adoption assistance reimbursement.
- BONUS PAY: BEACON ENDOSCOPIC has an exceptional 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: BEACON ENDOSCOPIC offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: BEACON ENDOSCOPIC 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: BEACON ENDOSCOPIC offers a first-class 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: BEACON ENDOSCOPIC offers a first-class 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: BEACON ENDOSCOPIC 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: BEACON ENDOSCOPIC 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: BEACON ENDOSCOPIC has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, BEACON ENDOSCOPIC stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: BEACON ENDOSCOPIC has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BEACON ENDOSCOPIC | 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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