This report analyzes and compares COMPASS GROUP PLC's employee health insurance and employee benefits with its industry and in North Dakota 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
COMPASS GROUP PLC 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 COMPASS GROUP PLC. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: COMPASS GROUP PLC 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. COMPASS GROUP PLC has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: COMPASS GROUP PLC 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: COMPASS GROUP PLC 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: COMPASS GROUP PLC does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: COMPASS GROUP PLC believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that COMPASS GROUP PLC provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: COMPASS GROUP PLC is aware of the difficulties that new employees might experience when they join the team. That's why COMPASS GROUP PLC has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: COMPASS GROUP PLC has a remarkable 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: COMPASS GROUP PLC has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at COMPASS GROUP PLC.
Benefit | COMPASS GROUP PLC | Industry | North Dakota |
|---|---|---|---|
| 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
COMPASS GROUP PLC offers superior 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 COMPASS GROUP PLC's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: COMPASS GROUP PLC wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superb 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 COMPASS GROUP PLC have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. COMPASS GROUP PLC partially pays for dentures and braces as well.
- HEALTH INSURANCE: COMPASS GROUP PLC offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: COMPASS GROUP PLC offers its team members superb 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. COMPASS GROUP PLC provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: COMPASS GROUP PLC has a first-class 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: COMPASS GROUP PLC offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: COMPASS GROUP PLC does not offer telehealth.
- VISION PLAN: COMPASS GROUP PLC 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 | COMPASS GROUP PLC | Industry | North Dakota |
|---|---|---|---|
| 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
COMPASS GROUP PLC offers superior financial benefits for employees and their family members. A superior 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: COMPASS GROUP PLC knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 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 COMPASS GROUP PLC 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, COMPASS GROUP PLC provides resources which will help team members decide what to do with their 401(k) plan. COMPASS GROUP PLC offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: COMPASS GROUP PLC does not offer adoption assistance reimbursement.
- BONUS PAY: COMPASS GROUP PLC 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: COMPASS GROUP PLC offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: COMPASS GROUP PLC 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: COMPASS GROUP PLC 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: COMPASS GROUP PLC 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: COMPASS GROUP PLC offers a valuable life insurance policy to its team members for an affordable price. COMPASS GROUP PLC 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: COMPASS GROUP PLC 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: COMPASS GROUP PLC believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why COMPASS GROUP PLC offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: COMPASS GROUP PLC has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | COMPASS GROUP PLC | Industry | North Dakota |
|---|---|---|---|
| 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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