This report analyzes and compares COSTAR GROUP's employee health insurance and employee benefits with its industry and in DC 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
COSTAR GROUP 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 COSTAR GROUP. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: COSTAR GROUP offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, COSTAR GROUP makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, COSTAR GROUP can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: COSTAR GROUP 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: COSTAR GROUP has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: COSTAR GROUP is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, COSTAR GROUP 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 COSTAR GROUP offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: COSTAR GROUP 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 COSTAR GROUP.
- TUITION REIMBURSEMENT: COSTAR GROUP has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at COSTAR GROUP.
Benefit | COSTAR GROUP | Industry | DC |
|---|---|---|---|
| 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
COSTAR GROUP 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 COSTAR GROUP's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: COSTAR GROUP has an impressive counseling program for its employees and their family members. Team members are encouraged by COSTAR GROUP 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: COSTAR GROUP cares about its team members' dental health so it offers an excellent 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: COSTAR GROUP 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, COSTAR GROUP offers suitable 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, COSTAR GROUP 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: Aware of the challenges that come with pregnancy, COSTAR GROUP has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: COSTAR GROUP has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. COSTAR GROUP covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: COSTAR GROUP offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | COSTAR GROUP | Industry | DC |
|---|---|---|---|
| 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
COSTAR GROUP offers remarkable financial benefits for employees and their family members. A remarkable 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: COSTAR GROUP has a remarkable 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. COSTAR GROUP 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 remarkable COSTAR GROUP has Matching program that matches 75% of employees' contributions. Whatever COSTAR GROUP contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave COSTAR GROUP. Recognizing that every team member is unique, with specific needs and goals, COSTAR GROUP keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: COSTAR GROUP has a superb Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by COSTAR GROUP.
- BONUS PAY: COSTAR GROUP offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for COSTAR GROUP, and encourage others to do the same.
- CHILDCARE DISCOUNT: COSTAR GROUP offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: COSTAR GROUP offers outstanding 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: COSTAR GROUP offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: COSTAR GROUP offers a superior 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: COSTAR GROUP offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: COSTAR GROUP wants for its team members to lead a happy and fulfilled life so it has a solid 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: COSTAR GROUP has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, COSTAR GROUP stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: COSTAR GROUP has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | COSTAR GROUP | Industry | DC |
|---|---|---|---|
| 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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