This report analyzes and compares DISCOVERY COMMUNICATIONS' employee health insurance and employee benefits with its industry and in Maryland 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
DISCOVERY COMMUNICATIONS offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. DISCOVERY COMMUNICATIONS believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: DISCOVERY COMMUNICATIONS continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that DISCOVERY COMMUNICATIONS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, DISCOVERY COMMUNICATIONS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: DISCOVERY COMMUNICATIONS encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, DISCOVERY COMMUNICATIONS 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: DISCOVERY COMMUNICATIONS has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: DISCOVERY COMMUNICATIONS does not offer leadership programs.
- ONBOARDING: DISCOVERY COMMUNICATIONS does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, DISCOVERY COMMUNICATIONS implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: DISCOVERY COMMUNICATIONS realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | DISCOVERY COMMUNICATIONS | Industry | Maryland |
|---|---|---|---|
| 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
DISCOVERY COMMUNICATIONS 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 DISCOVERY COMMUNICATIONS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: DISCOVERY COMMUNICATIONS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class 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: DISCOVERY COMMUNICATIONS offers a valuable 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: DISCOVERY COMMUNICATIONS provides an extraordinary 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, DISCOVERY COMMUNICATIONS offers solid 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: DISCOVERY COMMUNICATIONS offers an impressive healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: DISCOVERY COMMUNICATIONS offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: DISCOVERY COMMUNICATIONS does not offer telehealth.
- VISION PLAN: DISCOVERY COMMUNICATIONS 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 | DISCOVERY COMMUNICATIONS | Industry | Maryland |
|---|---|---|---|
| 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
DISCOVERY COMMUNICATIONS offers top-notch financial benefits for employees and their family members. A top-notch 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: DISCOVERY COMMUNICATIONS has a top-notch 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. DISCOVERY COMMUNICATIONS 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 top-notch DISCOVERY COMMUNICATIONS has Matching program that matches 75% of employees' contributions. Whatever DISCOVERY COMMUNICATIONS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave DISCOVERY COMMUNICATIONS. Recognizing that every team member is unique, with specific needs and goals, DISCOVERY COMMUNICATIONS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: DISCOVERY COMMUNICATIONS has a top-notch 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 DISCOVERY COMMUNICATIONS.
- BONUS PAY: DISCOVERY COMMUNICATIONS offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for DISCOVERY COMMUNICATIONS, and encourage others to do the same.
- CHILDCARE DISCOUNT: DISCOVERY COMMUNICATIONS cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: DISCOVERY COMMUNICATIONS offers impressive 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: DISCOVERY COMMUNICATIONS offers an outstanding 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: DISCOVERY COMMUNICATIONS 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: DISCOVERY COMMUNICATIONS offers a good life insurance policy to its team members for an affordable price. DISCOVERY COMMUNICATIONS 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: DISCOVERY COMMUNICATIONS wants for its team members to lead a happy and fulfilled life so it has a good 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: DISCOVERY COMMUNICATIONS believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why DISCOVERY COMMUNICATIONS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: DISCOVERY COMMUNICATIONS has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | DISCOVERY COMMUNICATIONS | Industry | Maryland |
|---|---|---|---|
| 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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