This report analyzes and compares KVAT FOOD STORES' employee health insurance and employee benefits with its industry and in Virginia 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
KVAT FOOD STORES offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. KVAT FOOD STORES 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: KVAT FOOD STORES offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, KVAT FOOD STORES makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: KVAT FOOD STORES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: KVAT FOOD STORES offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: KVAT FOOD STORES has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: KVAT FOOD STORES is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, KVAT FOOD STORES ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: KVAT FOOD STORES does not offer onboarding.
- RECOGNITION PROGRAMS: KVAT FOOD STORES knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to KVAT FOOD STORES.
- TUITION REIMBURSEMENT: KVAT FOOD STORES 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 | KVAT FOOD STORES | Industry | Virginia |
|---|---|---|---|
| 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
KVAT FOOD STORES offers first-class 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 KVAT FOOD STORES's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: KVAT FOOD STORES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why KVAT FOOD STORES implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at KVAT FOOD STORES 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. KVAT FOOD STORES partially pays for dentures and braces as well.
- HEALTH INSURANCE: KVAT FOOD STORES offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: KVAT FOOD STORES offers its team members superior 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. KVAT FOOD STORES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: KVAT FOOD STORES offers an exceptional 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: KVAT FOOD STORES offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: KVAT FOOD STORES has an outstanding 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: KVAT FOOD STORES provides a remarkable 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 | KVAT FOOD STORES | Industry | Virginia |
|---|---|---|---|
| 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
KVAT FOOD 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: KVAT FOOD STORES 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 KVAT FOOD STORES 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, KVAT FOOD STORES provides resources which will help team members decide what to do with their 401(k) plan. KVAT FOOD STORES offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: KVAT FOOD STORES does not offer adoption assistance reimbursement.
- BONUS PAY: KVAT FOOD STORES has a solid bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: KVAT FOOD STORES has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: KVAT FOOD STORES 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: KVAT FOOD STORES has a great daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: KVAT FOOD STORES has an exceptional 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: KVAT FOOD STORES offers a great life insurance policy to its team members for an affordable price. KVAT FOOD STORES 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: KVAT FOOD STORES 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: KVAT FOOD STORES has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, KVAT FOOD STORES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: KVAT FOOD STORES has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | KVAT FOOD STORES | Industry | Virginia |
|---|---|---|---|
| 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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