This report analyzes and compares FEDERAL RESERVE BANK OF RICHMOND's employee health insurance and employee benefits with its industry and in Virginia 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
FEDERAL RESERVE BANK OF RICHMOND 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 FEDERAL RESERVE BANK OF RICHMOND. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: FEDERAL RESERVE BANK OF RICHMOND offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, FEDERAL RESERVE BANK OF RICHMOND makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: FEDERAL RESERVE BANK OF RICHMOND believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: FEDERAL RESERVE BANK OF RICHMOND offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: FEDERAL RESERVE BANK OF RICHMOND does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: FEDERAL RESERVE BANK OF RICHMOND offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by FEDERAL RESERVE BANK OF RICHMOND to grow as leaders and learn how to make tough calls.
- ONBOARDING: FEDERAL RESERVE BANK OF RICHMOND does not offer onboarding.
- RECOGNITION PROGRAMS: FEDERAL RESERVE BANK OF RICHMOND has a remarkable 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: FEDERAL RESERVE BANK OF RICHMOND realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | FEDERAL RESERVE BANK OF RICHMOND | Industry | Virginia |
|---|---|---|---|
| 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
FEDERAL RESERVE BANK OF RICHMOND offers remarkable 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 FEDERAL RESERVE BANK OF RICHMOND's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FEDERAL RESERVE BANK OF RICHMOND is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why FEDERAL RESERVE BANK OF RICHMOND implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: FEDERAL RESERVE BANK OF RICHMOND 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: FEDERAL RESERVE BANK OF RICHMOND 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: FEDERAL RESERVE BANK OF RICHMOND is aware of the fact that a healthy employee is a productive employee so it offers extraordinary 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: FEDERAL RESERVE BANK OF RICHMOND offers an outstanding 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: Aware of the challenges that come with pregnancy, FEDERAL RESERVE BANK OF RICHMOND has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: FEDERAL RESERVE BANK OF RICHMOND has an extraordinary telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: FEDERAL RESERVE BANK OF RICHMOND 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 | FEDERAL RESERVE BANK OF RICHMOND | Industry | Virginia |
|---|---|---|---|
| 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
FEDERAL RESERVE BANK OF RICHMOND 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: FEDERAL RESERVE BANK OF RICHMOND does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FEDERAL RESERVE BANK OF RICHMOND has an impressive 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: FEDERAL RESERVE BANK OF RICHMOND offers superb bonuses to team members who excel in their field of work, provide extraordinary results for FEDERAL RESERVE BANK OF RICHMOND, and encourage others to do the same.
- CHILDCARE DISCOUNT: FEDERAL RESERVE BANK OF RICHMOND does not offer childcare discount.
- COMMUTER BENEFIT: FEDERAL RESERVE BANK OF RICHMOND has a great 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: FEDERAL RESERVE BANK OF RICHMOND has a great 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: FEDERAL RESERVE BANK OF RICHMOND 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: FEDERAL RESERVE BANK OF RICHMOND 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: FEDERAL RESERVE BANK OF RICHMOND has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: FEDERAL RESERVE BANK OF RICHMOND has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, FEDERAL RESERVE BANK OF RICHMOND stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: FEDERAL RESERVE BANK OF RICHMOND has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FEDERAL RESERVE BANK OF RICHMOND | Industry | Virginia |
|---|---|---|---|
| 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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