This report analyzes and compares FLORIDA BANK GROUP's employee health insurance and employee benefits with its industry and in Florida 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
FLORIDA BANK GROUP offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FLORIDA BANK GROUP believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: FLORIDA BANK GROUP 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. FLORIDA BANK GROUP has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: FLORIDA BANK GROUP offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: FLORIDA BANK GROUP offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: FLORIDA BANK GROUP does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: FLORIDA BANK GROUP believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that FLORIDA BANK GROUP provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: FLORIDA BANK GROUP is aware of the difficulties that new employees might experience when they join the team. That's why FLORIDA BANK GROUP has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, FLORIDA BANK GROUP implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: FLORIDA BANK GROUP does not offer tuition reimbursement.
Benefit | FLORIDA BANK GROUP | Industry | Florida |
|---|---|---|---|
| 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
FLORIDA BANK GROUP offers top-notch 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 FLORIDA BANK GROUP's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FLORIDA BANK GROUP wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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: Team members at FLORIDA BANK GROUP have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. FLORIDA BANK GROUP partially pays for dentures and braces as well.
- HEALTH INSURANCE: FLORIDA BANK GROUP 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: FLORIDA BANK GROUP does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, FLORIDA BANK GROUP 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: FLORIDA BANK GROUP offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: FLORIDA BANK GROUP does not offer telehealth.
- VISION PLAN: FLORIDA BANK GROUP has an impressive Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | FLORIDA BANK GROUP | Industry | Florida |
|---|---|---|---|
| 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
FLORIDA BANK GROUP 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: FLORIDA BANK GROUP 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. FLORIDA BANK GROUP 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 FLORIDA BANK GROUP has Matching program that matches 75% of employees' contributions. Whatever FLORIDA BANK GROUP contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave FLORIDA BANK GROUP. Recognizing that every team member is unique, with specific needs and goals, FLORIDA BANK GROUP keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: FLORIDA BANK GROUP has an outstanding 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: FLORIDA BANK GROUP has an extraordinary bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: FLORIDA BANK GROUP has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: FLORIDA BANK GROUP has a valuable 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: FLORIDA BANK GROUP has a solid 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: FLORIDA BANK GROUP has a solid 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 solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: FLORIDA BANK GROUP offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: FLORIDA BANK GROUP realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why FLORIDA BANK GROUP has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: FLORIDA BANK GROUP believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why FLORIDA BANK GROUP offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: FLORIDA BANK GROUP has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FLORIDA BANK GROUP | Industry | Florida |
|---|---|---|---|
| 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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