This report analyzes and compares INTITUTIVE SURGICAL's employee health insurance and employee benefits with its industry and in California 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
INTITUTIVE SURGICAL 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 INTITUTIVE SURGICAL. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: INTITUTIVE SURGICAL continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that INTITUTIVE SURGICAL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: INTITUTIVE SURGICAL offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: INTITUTIVE SURGICAL offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: INTITUTIVE SURGICAL has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: INTITUTIVE SURGICAL believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that INTITUTIVE SURGICAL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: INTITUTIVE SURGICAL is aware of the difficulties that new employees might experience when they join the team. That's why INTITUTIVE SURGICAL has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: INTITUTIVE SURGICAL 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: INTITUTIVE SURGICAL has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at INTITUTIVE SURGICAL.
Benefit | INTITUTIVE SURGICAL | Industry | California |
|---|---|---|---|
| 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
INTITUTIVE SURGICAL offers remarkable 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 INTITUTIVE SURGICAL's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: INTITUTIVE SURGICAL has an impressive counseling program for its employees and their family members. Team members are encouraged by INTITUTIVE SURGICAL 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: Team members at INTITUTIVE SURGICAL 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. INTITUTIVE SURGICAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: INTITUTIVE SURGICAL offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: INTITUTIVE SURGICAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: INTITUTIVE SURGICAL offers an outstanding 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: INTITUTIVE SURGICAL offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: INTITUTIVE SURGICAL has a valuable telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. INTITUTIVE SURGICAL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: INTITUTIVE SURGICAL 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 | INTITUTIVE SURGICAL | Industry | California |
|---|---|---|---|
| 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
INTITUTIVE SURGICAL 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: INTITUTIVE SURGICAL knows how important it is to think about retirement and start saving on time. That's why it offers a great 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 INTITUTIVE SURGICAL 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, INTITUTIVE SURGICAL provides resources which will help team members decide what to do with their 401(k) plan. INTITUTIVE SURGICAL offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: INTITUTIVE SURGICAL has an excellent Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: INTITUTIVE SURGICAL has an extraordinary 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: INTITUTIVE SURGICAL does not offer childcare discount.
- COMMUTER BENEFIT: INTITUTIVE SURGICAL has a valuable 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: INTITUTIVE SURGICAL offers a superior 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: INTITUTIVE SURGICAL offers a first-class 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: INTITUTIVE SURGICAL offers a suitable life insurance policy to its team members for an affordable price. INTITUTIVE SURGICAL 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: INTITUTIVE SURGICAL 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: INTITUTIVE SURGICAL does not offer paid volunteer time off.
- PARENTAL LEAVE: INTITUTIVE SURGICAL has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | INTITUTIVE SURGICAL | Industry | California |
|---|---|---|---|
| 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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