This report analyzes and compares EDUCATION DEVELOPMENT CENTER (EDC)'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
EDUCATION DEVELOPMENT CENTER (EDC) 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 EDUCATION DEVELOPMENT CENTER (EDC). superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: EDUCATION DEVELOPMENT CENTER (EDC) believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. EDUCATION DEVELOPMENT CENTER (EDC) has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: EDUCATION DEVELOPMENT CENTER (EDC) does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: excellent development resources are what allows EDUCATION DEVELOPMENT CENTER (EDC) to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: EDUCATION DEVELOPMENT CENTER (EDC) has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: EDUCATION DEVELOPMENT CENTER (EDC) does not offer leadership programs.
- ONBOARDING: EDUCATION DEVELOPMENT CENTER (EDC) does not offer onboarding.
- RECOGNITION PROGRAMS: EDUCATION DEVELOPMENT CENTER (EDC) has a superior Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: EDUCATION DEVELOPMENT CENTER (EDC) realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | EDUCATION DEVELOPMENT CENTER (EDC) | 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
EDUCATION DEVELOPMENT CENTER (EDC) 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 EDUCATION DEVELOPMENT CENTER (EDC)'s superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: EDUCATION DEVELOPMENT CENTER (EDC) is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why EDUCATION DEVELOPMENT CENTER (EDC) implemented a great 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 great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: EDUCATION DEVELOPMENT CENTER (EDC) cares about its team members' dental health so it offers an impressive 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: EDUCATION DEVELOPMENT CENTER (EDC) provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: EDUCATION DEVELOPMENT CENTER (EDC) offers its team members remarkable 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. EDUCATION DEVELOPMENT CENTER (EDC) provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: EDUCATION DEVELOPMENT CENTER (EDC) has a superb healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: EDUCATION DEVELOPMENT CENTER (EDC) offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: EDUCATION DEVELOPMENT CENTER (EDC) has a suitable telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. EDUCATION DEVELOPMENT CENTER (EDC) can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: EDUCATION DEVELOPMENT CENTER (EDC) 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 | EDUCATION DEVELOPMENT CENTER (EDC) | 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
EDUCATION DEVELOPMENT CENTER (EDC) 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: EDUCATION DEVELOPMENT CENTER (EDC) 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. EDUCATION DEVELOPMENT CENTER (EDC) 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 EDUCATION DEVELOPMENT CENTER (EDC) has Matching program that matches 75% of employees' contributions. Whatever EDUCATION DEVELOPMENT CENTER (EDC) contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave EDUCATION DEVELOPMENT CENTER (EDC). Recognizing that every team member is unique, with specific needs and goals, EDUCATION DEVELOPMENT CENTER (EDC) keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: EDUCATION DEVELOPMENT CENTER (EDC) has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: EDUCATION DEVELOPMENT CENTER (EDC) 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: EDUCATION DEVELOPMENT CENTER (EDC) offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: EDUCATION DEVELOPMENT CENTER (EDC) offers excellent 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: EDUCATION DEVELOPMENT CENTER (EDC) offers a remarkable 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: EDUCATION DEVELOPMENT CENTER (EDC) has an excellent 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: EDUCATION DEVELOPMENT CENTER (EDC) offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: EDUCATION DEVELOPMENT CENTER (EDC) wants for its team members to lead a happy and fulfilled life so it has a suitable 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: EDUCATION DEVELOPMENT CENTER (EDC) believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why EDUCATION DEVELOPMENT CENTER (EDC) offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: EDUCATION DEVELOPMENT CENTER (EDC) has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | EDUCATION DEVELOPMENT CENTER (EDC) | 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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