This report analyzes and compares INTUITIVE 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
INTUITIVE SURGICAL has superior 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 INTUITIVE SURGICAL. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: INTUITIVE SURGICAL continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that INTUITIVE SURGICAL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: INTUITIVE SURGICAL offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows INTUITIVE SURGICAL 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: INTUITIVE SURGICAL has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: INTUITIVE SURGICAL is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, INTUITIVE SURGICAL ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: INTUITIVE SURGICAL is aware of the difficulties that new employees might experience when they join the team. That's why INTUITIVE SURGICAL has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, INTUITIVE SURGICAL implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: INTUITIVE SURGICAL has a solid Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | INTUITIVE 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
INTUITIVE 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 INTUITIVE SURGICAL's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: INTUITIVE SURGICAL does not offer counseling.
- DENTAL PLAN: Team members at INTUITIVE SURGICAL have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. INTUITIVE SURGICAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: INTUITIVE SURGICAL provides an excellent 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, INTUITIVE SURGICAL offers solid 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: INTUITIVE 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: Aware of the challenges that come with pregnancy, INTUITIVE SURGICAL has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: INTUITIVE SURGICAL has an excellent telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: INTUITIVE SURGICAL offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | INTUITIVE 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
Team members enjoy solid financial benefits at INTUITIVE SURGICAL. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. INTUITIVE SURGICAL offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect INTUITIVE SURGICAL to partially cover the expenses.
- 401(K) PLAN: INTUITIVE SURGICAL does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: INTUITIVE SURGICAL has a valuable 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: INTUITIVE SURGICAL offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for INTUITIVE SURGICAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: INTUITIVE SURGICAL does not offer childcare discount.
- COMMUTER BENEFIT: INTUITIVE SURGICAL 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: INTUITIVE SURGICAL offers a remarkable 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: INTUITIVE SURGICAL has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: INTUITIVE SURGICAL has a superior 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: INTUITIVE SURGICAL wants for its team members to lead a happy and fulfilled life so it has a good 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: INTUITIVE SURGICAL recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by INTUITIVE SURGICAL, on volunteer work of their choice.
- PARENTAL LEAVE: INTUITIVE SURGICAL has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | INTUITIVE 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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