This report analyzes and compares GOLDEN LIVING's employee health insurance and employee benefits with its industry and in Texas 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
GOLDEN LIVING offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. GOLDEN LIVING believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: GOLDEN LIVING believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. GOLDEN LIVING has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: GOLDEN LIVING does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: GOLDEN LIVING encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, GOLDEN LIVING supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: GOLDEN LIVING has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: GOLDEN LIVING does not offer leadership programs.
- ONBOARDING: GOLDEN LIVING offers a superb Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, GOLDEN LIVING implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: GOLDEN LIVING 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 | GOLDEN LIVING | Industry | Texas |
|---|---|---|---|
| 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
GOLDEN LIVING 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 GOLDEN LIVING's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: GOLDEN LIVING is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why GOLDEN LIVING implemented a good 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 good counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at GOLDEN LIVING 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. GOLDEN LIVING partially pays for dentures and braces as well.
- HEALTH INSURANCE: GOLDEN LIVING 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: GOLDEN LIVING offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. GOLDEN LIVING provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, GOLDEN LIVING offers a good 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, GOLDEN LIVING has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: GOLDEN LIVING does not offer telehealth.
- VISION PLAN: GOLDEN LIVING has an excellent 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 | GOLDEN LIVING | Industry | Texas |
|---|---|---|---|
| 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
GOLDEN LIVING 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: GOLDEN LIVING has a superior 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. GOLDEN LIVING 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 superior GOLDEN LIVING has Matching program that matches 75% of employees' contributions. Whatever GOLDEN LIVING contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave GOLDEN LIVING. Recognizing that every team member is unique, with specific needs and goals, GOLDEN LIVING keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: GOLDEN LIVING does not offer adoption assistance reimbursement.
- BONUS PAY: GOLDEN LIVING offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for GOLDEN LIVING, and encourage others to do the same.
- CHILDCARE DISCOUNT: GOLDEN LIVING offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: GOLDEN LIVING 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: GOLDEN LIVING 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: GOLDEN LIVING has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: GOLDEN LIVING offers an outstanding 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 outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: GOLDEN LIVING 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: GOLDEN LIVING recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by GOLDEN LIVING, on volunteer work of their choice.
- PARENTAL LEAVE: GOLDEN LIVING has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | GOLDEN LIVING | Industry | Texas |
|---|---|---|---|
| 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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