This report analyzes and compares JO-ANN FABRIC AND CRAFT STORES' employee health insurance and employee benefits with its industry and in Ohio 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
JO-ANN FABRIC AND CRAFT STORES 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 JO-ANN FABRIC AND CRAFT STORES. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: JO-ANN FABRIC AND CRAFT STORES 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. JO-ANN FABRIC AND CRAFT STORES has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: JO-ANN FABRIC AND CRAFT STORES offers remarkable coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows JO-ANN FABRIC AND CRAFT STORES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: JO-ANN FABRIC AND CRAFT STORES has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: JO-ANN FABRIC AND CRAFT STORES offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by JO-ANN FABRIC AND CRAFT STORES to grow as leaders and learn how to make tough calls.
- ONBOARDING: JO-ANN FABRIC AND CRAFT STORES does not offer onboarding.
- RECOGNITION PROGRAMS: JO-ANN FABRIC AND CRAFT STORES has a superb 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: JO-ANN FABRIC AND CRAFT STORES has a good 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 | JO-ANN FABRIC AND CRAFT STORES | Industry | Ohio |
|---|---|---|---|
| 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
JO-ANN FABRIC AND CRAFT STORES offers superb 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 JO-ANN FABRIC AND CRAFT STORES's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: JO-ANN FABRIC AND CRAFT STORES wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: JO-ANN FABRIC AND CRAFT STORES cares about its team members' dental health so it offers an extraordinary 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: JO-ANN FABRIC AND CRAFT STORES offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: JO-ANN FABRIC AND CRAFT STORES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, JO-ANN FABRIC AND CRAFT STORES offers a suitable 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: JO-ANN FABRIC AND CRAFT STORES offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: JO-ANN FABRIC AND CRAFT STORES has implemented a superior telehealth policy for its members to use any time of the day, every single day. JO-ANN FABRIC AND CRAFT STORES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: JO-ANN FABRIC AND CRAFT STORES 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.
Benefit | JO-ANN FABRIC AND CRAFT STORES | Industry | Ohio |
|---|---|---|---|
| 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
JO-ANN FABRIC AND CRAFT STORES 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: JO-ANN FABRIC AND CRAFT STORES has a superior 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. JO-ANN FABRIC AND CRAFT STORES 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 superior JO-ANN FABRIC AND CRAFT STORES has Matching program that matches 75% of employees' contributions. Whatever JO-ANN FABRIC AND CRAFT STORES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave JO-ANN FABRIC AND CRAFT STORES. Recognizing that every team member is unique, with specific needs and goals, JO-ANN FABRIC AND CRAFT STORES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: JO-ANN FABRIC AND CRAFT STORES has a first-class 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 JO-ANN FABRIC AND CRAFT STORES.
- BONUS PAY: JO-ANN FABRIC AND CRAFT STORES offers superior bonuses to team members who excel in their field of work, provide extraordinary results for JO-ANN FABRIC AND CRAFT STORES, and encourage others to do the same.
- CHILDCARE DISCOUNT: JO-ANN FABRIC AND CRAFT STORES cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: JO-ANN FABRIC AND CRAFT STORES acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: JO-ANN FABRIC AND CRAFT STORES 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: JO-ANN FABRIC AND CRAFT STORES has an extraordinary 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: JO-ANN FABRIC AND CRAFT STORES offers an outstanding 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 outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: JO-ANN FABRIC AND CRAFT STORES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why JO-ANN FABRIC AND CRAFT STORES has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: JO-ANN FABRIC AND CRAFT STORES has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, JO-ANN FABRIC AND CRAFT STORES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: JO-ANN FABRIC AND CRAFT STORES has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | JO-ANN FABRIC AND CRAFT STORES | Industry | Ohio |
|---|---|---|---|
| 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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