This report analyzes and compares EXTRA SPACE STORAGE's employee health insurance and employee benefits with its industry and in Arizona 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
EXTRA SPACE STORAGE 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 EXTRA SPACE STORAGE. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: EXTRA SPACE STORAGE believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. EXTRA SPACE STORAGE has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: EXTRA SPACE STORAGE believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: EXTRA SPACE STORAGE 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: EXTRA SPACE STORAGE has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: EXTRA SPACE STORAGE believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that EXTRA SPACE STORAGE provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: EXTRA SPACE STORAGE is aware of the difficulties that new employees might experience when they join the team. That's why EXTRA SPACE STORAGE has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: EXTRA SPACE STORAGE knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to EXTRA SPACE STORAGE.
- TUITION REIMBURSEMENT: EXTRA SPACE STORAGE has a valuable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | EXTRA SPACE STORAGE | Industry | Arizona |
|---|---|---|---|
| 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
EXTRA SPACE STORAGE 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 EXTRA SPACE STORAGE's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: EXTRA SPACE STORAGE has an exceptional counseling program for its employees and their family members. Team members are encouraged by EXTRA SPACE STORAGE 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 exceptional 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 EXTRA SPACE STORAGE have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. EXTRA SPACE STORAGE partially pays for dentures and braces as well.
- HEALTH INSURANCE: EXTRA SPACE STORAGE 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: EXTRA SPACE STORAGE is aware of the fact that a healthy employee is a productive employee so it offers excellent health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: EXTRA SPACE STORAGE has a superior 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: EXTRA SPACE STORAGE has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: EXTRA SPACE STORAGE does not offer telehealth.
- VISION PLAN: EXTRA SPACE STORAGE offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | EXTRA SPACE STORAGE | Industry | Arizona |
|---|---|---|---|
| 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
EXTRA SPACE STORAGE 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: EXTRA SPACE STORAGE has a first-class 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. EXTRA SPACE STORAGE 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 first-class EXTRA SPACE STORAGE has Matching program that matches 75% of employees' contributions. Whatever EXTRA SPACE STORAGE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave EXTRA SPACE STORAGE. Recognizing that every team member is unique, with specific needs and goals, EXTRA SPACE STORAGE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: EXTRA SPACE STORAGE 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: EXTRA SPACE STORAGE offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for EXTRA SPACE STORAGE, and encourage others to do the same.
- CHILDCARE DISCOUNT: EXTRA SPACE STORAGE cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: EXTRA SPACE STORAGE has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: EXTRA SPACE STORAGE offers an impressive 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: EXTRA SPACE STORAGE offers a remarkable 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: EXTRA SPACE STORAGE 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: EXTRA SPACE STORAGE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why EXTRA SPACE STORAGE has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: EXTRA SPACE STORAGE has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, EXTRA SPACE STORAGE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: EXTRA SPACE STORAGE has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | EXTRA SPACE STORAGE | Industry | Arizona |
|---|---|---|---|
| 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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