This report analyzes and compares HOLLINGSWORTH & VOSE's employee health insurance and employee benefits with its industry and in Massachusetts 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
HOLLINGSWORTH & VOSE 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 HOLLINGSWORTH & VOSE. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: HOLLINGSWORTH & VOSE believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. HOLLINGSWORTH & VOSE has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: HOLLINGSWORTH & VOSE believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows HOLLINGSWORTH & VOSE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: HOLLINGSWORTH & VOSE does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: HOLLINGSWORTH & VOSE offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by HOLLINGSWORTH & VOSE to grow as leaders and learn how to make tough calls.
- ONBOARDING: HOLLINGSWORTH & VOSE is aware of the difficulties that new employees might experience when they join the team. That's why HOLLINGSWORTH & VOSE has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: HOLLINGSWORTH & VOSE has a superior 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: HOLLINGSWORTH & VOSE realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | HOLLINGSWORTH & VOSE | Industry | Massachusetts |
|---|---|---|---|
| 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
HOLLINGSWORTH & VOSE 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 HOLLINGSWORTH & VOSE's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: HOLLINGSWORTH & VOSE does not offer counseling.
- DENTAL PLAN: Team members at HOLLINGSWORTH & VOSE 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. HOLLINGSWORTH & VOSE partially pays for dentures and braces as well.
- HEALTH INSURANCE: HOLLINGSWORTH & VOSE offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: HOLLINGSWORTH & VOSE offers its team members first-class 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. HOLLINGSWORTH & VOSE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: HOLLINGSWORTH & VOSE has a superior 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: HOLLINGSWORTH & VOSE offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: HOLLINGSWORTH & VOSE does not offer telehealth.
- VISION PLAN: HOLLINGSWORTH & VOSE provides a superior 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 | HOLLINGSWORTH & VOSE | Industry | Massachusetts |
|---|---|---|---|
| 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
HOLLINGSWORTH & VOSE 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: HOLLINGSWORTH & VOSE knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 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 HOLLINGSWORTH & VOSE 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, HOLLINGSWORTH & VOSE provides resources which will help team members decide what to do with their 401(k) plan. HOLLINGSWORTH & VOSE offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: HOLLINGSWORTH & VOSE has a solid Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: HOLLINGSWORTH & VOSE offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for HOLLINGSWORTH & VOSE, and encourage others to do the same.
- CHILDCARE DISCOUNT: HOLLINGSWORTH & VOSE offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: HOLLINGSWORTH & VOSE has a great 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: HOLLINGSWORTH & VOSE offers a first-class 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: HOLLINGSWORTH & VOSE 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: HOLLINGSWORTH & VOSE offers a good life insurance policy to its team members for an affordable price. HOLLINGSWORTH & VOSE 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: HOLLINGSWORTH & VOSE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why HOLLINGSWORTH & VOSE has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: HOLLINGSWORTH & VOSE has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, HOLLINGSWORTH & VOSE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: HOLLINGSWORTH & VOSE has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | HOLLINGSWORTH & VOSE | Industry | Massachusetts |
|---|---|---|---|
| 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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