This report analyzes and compares CRANE & CO'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
CRANE & CO has remarkable 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 CRANE & CO. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CRANE & CO offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CRANE & CO makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, CRANE & CO can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: CRANE & CO encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, CRANE & CO 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: CRANE & CO has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: CRANE & CO is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, CRANE & CO 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 CRANE & CO offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: CRANE & CO knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to CRANE & CO.
- TUITION REIMBURSEMENT: CRANE & CO does not offer tuition reimbursement.
Benefit | CRANE & CO | 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
CRANE & CO has great health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers great 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 great healthcare spending account at their disposal.
- COUNSELING: CRANE & CO is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CRANE & CO implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at CRANE & CO have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. CRANE & CO partially pays for dentures and braces as well.
- HEALTH INSURANCE: CRANE & CO offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: CRANE & CO does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, CRANE & CO 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: CRANE & CO offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: CRANE & CO does not offer telehealth.
- VISION PLAN: CRANE & CO provides a first-class 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 | CRANE & CO | 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 good financial benefits at CRANE & CO. 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. CRANE & CO offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CRANE & CO to partially cover the expenses.
- 401(K) PLAN: CRANE & CO does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: CRANE & CO does not offer adoption assistance reimbursement.
- BONUS PAY: CRANE & CO has a solid 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: CRANE & CO offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: CRANE & CO offers exceptional 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: CRANE & CO has a good 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: CRANE & CO offers a superb 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: CRANE & CO 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: CRANE & CO realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why CRANE & CO has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: CRANE & CO believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why CRANE & CO offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: CRANE & CO has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CRANE & CO | 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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