This report analyzes and compares COLOPLAST's employee health insurance and employee benefits with its industry and in Minnesota 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
COLOPLAST 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 COLOPLAST. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: COLOPLAST believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. COLOPLAST has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: COLOPLAST believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: COLOPLAST 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: COLOPLAST does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: COLOPLAST offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by COLOPLAST to grow as leaders and learn how to make tough calls.
- ONBOARDING: COLOPLAST does not offer onboarding.
- RECOGNITION PROGRAMS: COLOPLAST knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to COLOPLAST.
- TUITION REIMBURSEMENT: COLOPLAST has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at COLOPLAST.
Benefit | COLOPLAST | Industry | Minnesota |
|---|---|---|---|
| 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
COLOPLAST has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good 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 good healthcare spending account at their disposal.
- COUNSELING: COLOPLAST does not offer counseling.
- DENTAL PLAN: COLOPLAST cares about its team members' dental health so it offers an impressive 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: COLOPLAST 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: In an effort to improve the wellbeing and quality of life of its team members, COLOPLAST offers solid 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: To financially help its team members with medical emergencies, COLOPLAST 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, COLOPLAST has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: COLOPLAST does not offer telehealth.
- VISION PLAN: COLOPLAST offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | COLOPLAST | Industry | Minnesota |
|---|---|---|---|
| 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 good financial benefits at COLOPLAST. 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. COLOPLAST offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect COLOPLAST to partially cover the expenses.
- 401(K) PLAN: COLOPLAST does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: COLOPLAST 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: COLOPLAST has a good 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: COLOPLAST does not offer childcare discount.
- COMMUTER BENEFIT: COLOPLAST 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: COLOPLAST has a solid daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: COLOPLAST 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: COLOPLAST offers a suitable life insurance policy to its team members for an affordable price. COLOPLAST 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: COLOPLAST 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: COLOPLAST 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 COLOPLAST, on volunteer work of their choice.
- PARENTAL LEAVE: COLOPLAST has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | COLOPLAST | Industry | Minnesota |
|---|---|---|---|
| 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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