This report analyzes and compares CIRCOR INTERNATIONAL'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
CIRCOR INTERNATIONAL 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 CIRCOR INTERNATIONAL. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CIRCOR INTERNATIONAL believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. CIRCOR INTERNATIONAL has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, CIRCOR INTERNATIONAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: CIRCOR INTERNATIONAL offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: CIRCOR INTERNATIONAL has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: CIRCOR INTERNATIONAL is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, CIRCOR INTERNATIONAL 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 CIRCOR INTERNATIONAL offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: CIRCOR INTERNATIONAL 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 CIRCOR INTERNATIONAL.
- TUITION REIMBURSEMENT: CIRCOR INTERNATIONAL does not offer tuition reimbursement.
Benefit | CIRCOR INTERNATIONAL | 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
CIRCOR INTERNATIONAL 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 CIRCOR INTERNATIONAL's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CIRCOR INTERNATIONAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CIRCOR INTERNATIONAL implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at CIRCOR INTERNATIONAL 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. CIRCOR INTERNATIONAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: CIRCOR INTERNATIONAL offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, CIRCOR INTERNATIONAL offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: CIRCOR INTERNATIONAL has a superior 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: CIRCOR INTERNATIONAL has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: CIRCOR INTERNATIONAL has an exceptional 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: CIRCOR INTERNATIONAL 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 | CIRCOR INTERNATIONAL | 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
Team members enjoy great financial benefits at CIRCOR INTERNATIONAL. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. CIRCOR INTERNATIONAL offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CIRCOR INTERNATIONAL to partially cover the expenses.
- 401(K) PLAN: CIRCOR INTERNATIONAL has an outstanding 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, CIRCOR INTERNATIONAL offers an outstanding 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, CIRCOR INTERNATIONAL offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: CIRCOR INTERNATIONAL does not offer adoption assistance reimbursement.
- BONUS PAY: CIRCOR INTERNATIONAL offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for CIRCOR INTERNATIONAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: CIRCOR INTERNATIONAL does not offer childcare discount.
- COMMUTER BENEFIT: CIRCOR INTERNATIONAL acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CIRCOR INTERNATIONAL 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: CIRCOR INTERNATIONAL has an impressive disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: CIRCOR INTERNATIONAL has a top-notch 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: CIRCOR INTERNATIONAL wants for its team members to lead a happy and fulfilled life so it has a suitable 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: CIRCOR INTERNATIONAL does not offer paid volunteer time off.
- PARENTAL LEAVE: CIRCOR INTERNATIONAL has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CIRCOR INTERNATIONAL | 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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