This report analyzes and compares DEPUY SYNTHES' 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
DEPUY SYNTHES has superior 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 DEPUY SYNTHES. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: DEPUY SYNTHES offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, DEPUY SYNTHES makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: DEPUY SYNTHES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows DEPUY SYNTHES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: DEPUY SYNTHES does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: DEPUY SYNTHES believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that DEPUY SYNTHES provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: DEPUY SYNTHES does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, DEPUY SYNTHES implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: DEPUY SYNTHES realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | DEPUY SYNTHES | 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
DEPUY SYNTHES 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 DEPUY SYNTHES's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: DEPUY SYNTHES has an extraordinary counseling program for its employees and their family members. Team members are encouraged by DEPUY SYNTHES 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: Team members at DEPUY SYNTHES have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. DEPUY SYNTHES partially pays for dentures and braces as well.
- HEALTH INSURANCE: DEPUY SYNTHES provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: DEPUY SYNTHES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, DEPUY SYNTHES offers a great 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: DEPUY SYNTHES offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: DEPUY SYNTHES has implemented a superb telehealth policy for its members to use any time of the day, every single day. DEPUY SYNTHES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: DEPUY SYNTHES 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 | DEPUY SYNTHES | 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
DEPUY SYNTHES offers first-class financial benefits for employees and their family members. A first-class 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: DEPUY SYNTHES has a superb 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. DEPUY SYNTHES 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 superb DEPUY SYNTHES has Matching program that matches 75% of employees' contributions. Whatever DEPUY SYNTHES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave DEPUY SYNTHES. Recognizing that every team member is unique, with specific needs and goals, DEPUY SYNTHES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: DEPUY SYNTHES has a superior 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 DEPUY SYNTHES.
- BONUS PAY: DEPUY SYNTHES offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for DEPUY SYNTHES, and encourage others to do the same.
- CHILDCARE DISCOUNT: DEPUY SYNTHES does not offer childcare discount.
- COMMUTER BENEFIT: DEPUY SYNTHES acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: DEPUY SYNTHES offers an extraordinary 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: DEPUY SYNTHES has an exceptional disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: DEPUY SYNTHES offers a solid life insurance policy to its team members for an affordable price. DEPUY SYNTHES 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: DEPUY SYNTHES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why DEPUY SYNTHES has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: DEPUY SYNTHES does not offer paid volunteer time off.
- PARENTAL LEAVE: DEPUY SYNTHES has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | DEPUY SYNTHES | 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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