This report analyzes and compares GE POWER & WATER'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
GE POWER & WATER has superb 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 GE POWER & WATER. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: GE POWER & WATER continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that GE POWER & WATER uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, GE POWER & WATER can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: GE POWER & WATER 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: GE POWER & WATER does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: GE POWER & WATER is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, GE POWER & WATER ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: GE POWER & WATER is aware of the difficulties that new employees might experience when they join the team. That's why GE POWER & WATER has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: GE POWER & WATER knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to GE POWER & WATER.
- TUITION REIMBURSEMENT: GE POWER & WATER 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 | GE POWER & WATER | 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
GE POWER & WATER has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: GE POWER & WATER does not offer counseling.
- DENTAL PLAN: GE POWER & WATER cares about its team members' dental health so it offers an extraordinary 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: GE POWER & WATER offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: GE POWER & WATER does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: GE POWER & WATER 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: GE POWER & WATER has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: GE POWER & WATER 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. GE POWER & WATER can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: GE POWER & WATER has an extraordinary 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 | GE POWER & WATER | 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
Team members enjoy suitable financial benefits at GE POWER & WATER. 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. GE POWER & WATER offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect GE POWER & WATER to partially cover the expenses.
- 401(K) PLAN: GE POWER & WATER has a superb 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. GE POWER & WATER 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 superb GE POWER & WATER has Matching program that matches 75% of employees' contributions. Whatever GE POWER & WATER contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave GE POWER & WATER. Recognizing that every team member is unique, with specific needs and goals, GE POWER & WATER keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: GE POWER & WATER does not offer adoption assistance reimbursement.
- BONUS PAY: GE POWER & WATER has an impressive 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: GE POWER & WATER does not offer childcare discount.
- COMMUTER BENEFIT: GE POWER & WATER has a solid 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: GE POWER & WATER 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: GE POWER & WATER has an impressive 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: GE POWER & WATER offers a valuable life insurance policy to its team members for an affordable price. GE POWER & WATER participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: GE POWER & WATER has an extraordinary 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: GE POWER & WATER does not offer paid volunteer time off.
- PARENTAL LEAVE: GE POWER & WATER has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | GE POWER & WATER | 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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