This report analyzes and compares FRY'S ELECTRONICS' employee health insurance and employee benefits with its industry and in California 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
FRY'S ELECTRONICS offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FRY'S ELECTRONICS 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: FRY'S ELECTRONICS believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. FRY'S ELECTRONICS has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: FRY'S ELECTRONICS believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: FRY'S ELECTRONICS encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, FRY'S ELECTRONICS supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: FRY'S ELECTRONICS has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: FRY'S ELECTRONICS does not offer leadership programs.
- ONBOARDING: FRY'S ELECTRONICS does not offer onboarding.
- RECOGNITION PROGRAMS: FRY'S ELECTRONICS knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to FRY'S ELECTRONICS.
- TUITION REIMBURSEMENT: FRY'S ELECTRONICS does not offer tuition reimbursement.
Benefit | FRY'S ELECTRONICS | Industry | California |
|---|---|---|---|
| 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
FRY'S ELECTRONICS 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 FRY'S ELECTRONICS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FRY'S ELECTRONICS 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 FRY'S ELECTRONICS have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. FRY'S ELECTRONICS partially pays for dentures and braces as well.
- HEALTH INSURANCE: FRY'S ELECTRONICS provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: FRY'S ELECTRONICS is aware of the fact that a healthy employee is a productive employee so it offers impressive 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: To financially help its team members with medical emergencies, FRY'S ELECTRONICS offers a suitable 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: Aware of the challenges that come with pregnancy, FRY'S ELECTRONICS has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: FRY'S ELECTRONICS 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. FRY'S ELECTRONICS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: FRY'S ELECTRONICS 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 | FRY'S ELECTRONICS | Industry | California |
|---|---|---|---|
| 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
Team members enjoy valuable financial benefits at FRY'S ELECTRONICS. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. FRY'S ELECTRONICS offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect FRY'S ELECTRONICS to partially cover the expenses.
- 401(K) PLAN: FRY'S ELECTRONICS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FRY'S ELECTRONICS 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 FRY'S ELECTRONICS.
- BONUS PAY: FRY'S ELECTRONICS has a good 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: FRY'S ELECTRONICS does not offer childcare discount.
- COMMUTER BENEFIT: FRY'S ELECTRONICS has a good 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: FRY'S ELECTRONICS offers an extraordinary 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: FRY'S ELECTRONICS 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: FRY'S ELECTRONICS has a superb 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: FRY'S ELECTRONICS wants for its team members to lead a happy and fulfilled life so it has a solid 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: FRY'S ELECTRONICS does not offer paid volunteer time off.
- PARENTAL LEAVE: FRY'S ELECTRONICS has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FRY'S ELECTRONICS | Industry | California |
|---|---|---|---|
| 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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