This report analyzes and compares II-VI's employee health insurance and employee benefits with its industry and in Pennsylvania State.

COMPARE II-VI'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

II-VI offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. II-VI 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: II-VI 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. II-VI has great resources at its disposal to achieve this goal.
  • COACHING AND MENTORING: II-VI does not offer coaching and mentoring.
  • DEVELOPMENT RESOURCES: impressive development resources are what allows II-VI to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
  • GED REIMBURSEMENT: II-VI does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: II-VI does not offer leadership programs.
  • ONBOARDING: II-VI does not offer onboarding.
  • RECOGNITION PROGRAMS: II-VI knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to II-VI.
  • TUITION REIMBURSEMENT: II-VI has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at II-VI.
II-VI's career benefits comparison table

Benefit

II-VI

Industry

Pennsylvania

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

II-VI 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 II-VI's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: II-VI has an impressive counseling program for its employees and their family members. Team members are encouraged by II-VI to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
  • DENTAL PLAN: II-VI cares about its team members' dental health so it offers an excellent 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: II-VI provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
  • HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, II-VI offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
  • HEALTHCARE SPENDING ACCOUNTS: II-VI offers an excellent healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
  • MATERNITY SUPPORT PROGRAM: II-VI has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
  • TELEHEALTH: II-VI does not offer telehealth.
  • VISION PLAN: II-VI provides a superb 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.
II-VI's healthcare benefits comparison table

Benefit

II-VI

Industry

Pennsylvania

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

II-VI 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: II-VI has a first-class 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. II-VI 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 first-class II-VI has Matching program that matches 75% of employees' contributions. Whatever II-VI contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave II-VI. Recognizing that every team member is unique, with specific needs and goals, II-VI keeps their members informed about their 401(k) options.
  • ADOPTION ASSISTANCE REIMBURSEMENT: II-VI has a superior 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 II-VI.
  • BONUS PAY: II-VI 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: II-VI cooperates with partners and team members are eligible for superior discounts for a primary childcare.
  • COMMUTER BENEFIT: II-VI 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: II-VI offers a top-notch 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: II-VI has a solid 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 solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: II-VI offers a good life insurance policy to its team members for an affordable price. II-VI 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: II-VI realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why II-VI has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
  • PAID VOLUNTEER TIME OFF: II-VI 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 II-VI, on volunteer work of their choice.
  • PARENTAL LEAVE: II-VI has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
II-VI's financial benefits comparison table

Benefit

II-VI

Industry

Pennsylvania

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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