This report analyzes and compares HEXAWARE TECHNOLOGIES' employee health insurance and employee benefits with its industry and in New Jersey 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
HEXAWARE TECHNOLOGIES has first-class 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 HEXAWARE TECHNOLOGIES. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: HEXAWARE TECHNOLOGIES believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. HEXAWARE TECHNOLOGIES has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, HEXAWARE TECHNOLOGIES can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: HEXAWARE TECHNOLOGIES encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, HEXAWARE TECHNOLOGIES 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: HEXAWARE TECHNOLOGIES has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: HEXAWARE TECHNOLOGIES is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, HEXAWARE TECHNOLOGIES ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why HEXAWARE TECHNOLOGIES offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: HEXAWARE TECHNOLOGIES has a top-notch 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: HEXAWARE TECHNOLOGIES realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | HEXAWARE TECHNOLOGIES | Industry | New Jersey |
|---|---|---|---|
| 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
HEXAWARE TECHNOLOGIES has valuable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers valuable 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 valuable healthcare spending account at their disposal.
- COUNSELING: HEXAWARE TECHNOLOGIES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why HEXAWARE TECHNOLOGIES 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 HEXAWARE TECHNOLOGIES have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. HEXAWARE TECHNOLOGIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: HEXAWARE TECHNOLOGIES offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: HEXAWARE TECHNOLOGIES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, HEXAWARE TECHNOLOGIES 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: HEXAWARE TECHNOLOGIES offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: HEXAWARE TECHNOLOGIES does not offer telehealth.
- VISION PLAN: HEXAWARE TECHNOLOGIES offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | HEXAWARE TECHNOLOGIES | Industry | New Jersey |
|---|---|---|---|
| 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
HEXAWARE TECHNOLOGIES offers superb financial benefits for employees and their family members. A superb 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: HEXAWARE TECHNOLOGIES knows how important it is to think about retirement and start saving on time. That's why it offers a good 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and HEXAWARE TECHNOLOGIES will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, HEXAWARE TECHNOLOGIES provides resources which will help team members decide what to do with their 401(k) plan. HEXAWARE TECHNOLOGIES offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: HEXAWARE TECHNOLOGIES has a first-class 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 HEXAWARE TECHNOLOGIES.
- BONUS PAY: HEXAWARE TECHNOLOGIES has an exceptional 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: HEXAWARE TECHNOLOGIES has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: HEXAWARE TECHNOLOGIES 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: HEXAWARE TECHNOLOGIES offers a superb 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: HEXAWARE TECHNOLOGIES offers a remarkable short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: HEXAWARE TECHNOLOGIES has a remarkable 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: HEXAWARE TECHNOLOGIES has an exceptional 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: HEXAWARE TECHNOLOGIES has a first-class volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, HEXAWARE TECHNOLOGIES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: HEXAWARE TECHNOLOGIES has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | HEXAWARE TECHNOLOGIES | Industry | New Jersey |
|---|---|---|---|
| 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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