This report analyzes and compares INVESTORS BANCORP's employee health insurance and employee benefits with its industry and in New Jersey 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
INVESTORS BANCORP offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. INVESTORS BANCORP believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: INVESTORS BANCORP believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. INVESTORS BANCORP has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: INVESTORS BANCORP does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: INVESTORS BANCORP encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, INVESTORS BANCORP supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: INVESTORS BANCORP has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: INVESTORS BANCORP believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that INVESTORS BANCORP provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: INVESTORS BANCORP offers a top-notch Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, INVESTORS BANCORP implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: INVESTORS BANCORP has a valuable 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 | INVESTORS BANCORP | Industry | New Jersey |
|---|---|---|---|
| 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
INVESTORS BANCORP 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 INVESTORS BANCORP's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: INVESTORS BANCORP does not offer counseling.
- DENTAL PLAN: INVESTORS BANCORP 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: INVESTORS BANCORP offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: INVESTORS BANCORP offers its team members superb 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. INVESTORS BANCORP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, INVESTORS BANCORP offers a valuable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: INVESTORS BANCORP has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: INVESTORS BANCORP has a solid 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. INVESTORS BANCORP can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: INVESTORS BANCORP has an extraordinary 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 | INVESTORS BANCORP | Industry | New Jersey |
|---|---|---|---|
| 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
INVESTORS BANCORP offers top-notch financial benefits for employees and their family members. A top-notch 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: INVESTORS BANCORP does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: INVESTORS BANCORP 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: INVESTORS BANCORP offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for INVESTORS BANCORP, and encourage others to do the same.
- CHILDCARE DISCOUNT: INVESTORS BANCORP does not offer childcare discount.
- COMMUTER BENEFIT: INVESTORS BANCORP acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: INVESTORS BANCORP offers an exceptional daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: INVESTORS BANCORP has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: INVESTORS BANCORP 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: INVESTORS BANCORP wants for its team members to lead a happy and fulfilled life so it has a great 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: INVESTORS BANCORP has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, INVESTORS BANCORP stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: INVESTORS BANCORP has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | INVESTORS BANCORP | Industry | New Jersey |
|---|---|---|---|
| 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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