This report analyzes and compares CORRECTIONS CORPORATION OF AMERICA's employee health insurance and employee benefits with its industry and in Tennessee 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
CORRECTIONS CORPORATION OF AMERICA 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 CORRECTIONS CORPORATION OF AMERICA. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CORRECTIONS CORPORATION OF AMERICA continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that CORRECTIONS CORPORATION OF AMERICA uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: CORRECTIONS CORPORATION OF AMERICA does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: CORRECTIONS CORPORATION OF AMERICA encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, CORRECTIONS CORPORATION OF AMERICA supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: CORRECTIONS CORPORATION OF AMERICA has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: CORRECTIONS CORPORATION OF AMERICA believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that CORRECTIONS CORPORATION OF AMERICA provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: CORRECTIONS CORPORATION OF AMERICA is aware of the difficulties that new employees might experience when they join the team. That's why CORRECTIONS CORPORATION OF AMERICA has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: CORRECTIONS CORPORATION OF AMERICA 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 CORRECTIONS CORPORATION OF AMERICA.
- TUITION REIMBURSEMENT: CORRECTIONS CORPORATION OF AMERICA 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 CORRECTIONS CORPORATION OF AMERICA.
Benefit | CORRECTIONS CORPORATION OF AMERICA | Industry | Tennessee |
|---|---|---|---|
| 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
CORRECTIONS CORPORATION OF AMERICA offers first-class 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 CORRECTIONS CORPORATION OF AMERICA's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CORRECTIONS CORPORATION OF AMERICA has an extraordinary counseling program for its employees and their family members. Team members are encouraged by CORRECTIONS CORPORATION OF AMERICA 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 extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: CORRECTIONS CORPORATION OF AMERICA offers a good dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: CORRECTIONS CORPORATION OF AMERICA offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: CORRECTIONS CORPORATION OF AMERICA 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. CORRECTIONS CORPORATION OF AMERICA provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, CORRECTIONS CORPORATION OF AMERICA offers a valuable 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: CORRECTIONS CORPORATION OF AMERICA 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: CORRECTIONS CORPORATION OF AMERICA has an outstanding 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: CORRECTIONS CORPORATION OF AMERICA provides a superior 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 | CORRECTIONS CORPORATION OF AMERICA | Industry | Tennessee |
|---|---|---|---|
| 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
CORRECTIONS CORPORATION OF AMERICA 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: CORRECTIONS CORPORATION OF AMERICA knows how important it is to think about retirement and start saving on time. That's why it offers a solid 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 CORRECTIONS CORPORATION OF AMERICA 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, CORRECTIONS CORPORATION OF AMERICA provides resources which will help team members decide what to do with their 401(k) plan. CORRECTIONS CORPORATION OF AMERICA offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: CORRECTIONS CORPORATION OF AMERICA has a valuable 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: CORRECTIONS CORPORATION OF AMERICA offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for CORRECTIONS CORPORATION OF AMERICA, and encourage others to do the same.
- CHILDCARE DISCOUNT: CORRECTIONS CORPORATION OF AMERICA has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: CORRECTIONS CORPORATION OF AMERICA has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CORRECTIONS CORPORATION OF AMERICA offers a top-notch 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: CORRECTIONS CORPORATION OF AMERICA has a suitable 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 suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: CORRECTIONS CORPORATION OF AMERICA has a first-class 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: CORRECTIONS CORPORATION OF AMERICA has an exceptional 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: CORRECTIONS CORPORATION OF AMERICA does not offer paid volunteer time off.
- PARENTAL LEAVE: CORRECTIONS CORPORATION OF AMERICA has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CORRECTIONS CORPORATION OF AMERICA | Industry | Tennessee |
|---|---|---|---|
| 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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