This report analyzes and compares LICENSE BUDDY'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
LICENSE BUDDY offers extraordinary career benefits to help its team members achieve their full potential and maximize their contributions to LICENSE BUDDY with rich developmental resources, fully covered tuitions for colleges, and effective onboarding programs. For employees who have what it takes to be a leader, LICENSE BUDDY offers extraordinary leadership programs.
- CAREER PLANNING: LICENSE BUDDY continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that LICENSE BUDDY uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: LICENSE BUDDY believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows LICENSE BUDDY 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: LICENSE BUDDY has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: LICENSE BUDDY offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by LICENSE BUDDY to grow as leaders and learn how to make tough calls.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why LICENSE BUDDY offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: LICENSE BUDDY 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 LICENSE BUDDY.
- TUITION REIMBURSEMENT: LICENSE BUDDY realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | LICENSE BUDDY | 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
LICENSE BUDDY 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 LICENSE BUDDY's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: LICENSE BUDDY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why LICENSE BUDDY implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: LICENSE BUDDY offers a valuable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: LICENSE BUDDY provides an extraordinary 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, LICENSE BUDDY 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: LICENSE BUDDY has a first-class healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, LICENSE BUDDY has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: LICENSE BUDDY has a suitable 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. LICENSE BUDDY can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: LICENSE BUDDY offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | LICENSE BUDDY | 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
LICENSE BUDDY 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: LICENSE BUDDY has a superb 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. LICENSE BUDDY 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 superb LICENSE BUDDY has Matching program that matches 75% of employees' contributions. Whatever LICENSE BUDDY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave LICENSE BUDDY. Recognizing that every team member is unique, with specific needs and goals, LICENSE BUDDY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: LICENSE BUDDY does not offer adoption assistance reimbursement.
- BONUS PAY: LICENSE BUDDY has an excellent 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: LICENSE BUDDY has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: LICENSE BUDDY acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: LICENSE BUDDY has a good 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: LICENSE BUDDY offers a top-notch 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: LICENSE BUDDY offers a suitable life insurance policy to its team members for an affordable price. LICENSE BUDDY 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: LICENSE BUDDY has an excellent 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: LICENSE BUDDY believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why LICENSE BUDDY offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: LICENSE BUDDY has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | LICENSE BUDDY | 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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