This report analyzes and compares HOT TOPIC's employee health insurance and employee benefits with its industry and in Maryland 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
HOT TOPIC has top-notch 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 HOT TOPIC. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: HOT TOPIC continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that HOT TOPIC uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: HOT TOPIC does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: HOT TOPIC offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: HOT TOPIC has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: HOT TOPIC believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that HOT TOPIC provides for them, employees are able to learn what makes or breaks a leader.
- 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 HOT TOPIC offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: HOT TOPIC 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 HOT TOPIC.
- TUITION REIMBURSEMENT: HOT TOPIC does not offer tuition reimbursement.
Benefit | HOT TOPIC | Industry | Maryland |
---|---|---|---|
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
HOT TOPIC 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 HOT TOPIC's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: HOT TOPIC does not offer counseling.
- DENTAL PLAN: HOT TOPIC cares about its team members' dental health so it offers an outstanding 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: HOT TOPIC provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: HOT TOPIC offers its team members remarkable 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. HOT TOPIC provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: HOT TOPIC 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: HOT TOPIC has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: HOT TOPIC does not offer telehealth.
- VISION PLAN: HOT TOPIC 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 | HOT TOPIC | Industry | Maryland |
---|---|---|---|
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
HOT TOPIC 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: HOT TOPIC does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: HOT TOPIC does not offer adoption assistance reimbursement.
- BONUS PAY: HOT TOPIC has a valuable 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: HOT TOPIC offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: HOT TOPIC offers impressive commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: HOT TOPIC 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: HOT TOPIC has an outstanding 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: HOT TOPIC offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: HOT TOPIC wants for its team members to lead a happy and fulfilled life so it has a valuable 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: HOT TOPIC has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, HOT TOPIC stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: HOT TOPIC has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | HOT TOPIC | Industry | Maryland |
---|---|---|---|
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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