This report analyzes and compares LOTUS DEVELOPMENT CORPORATION's employee health insurance and employee benefits with its industry and in New York 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
LOTUS DEVELOPMENT CORPORATION has first-class 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 LOTUS DEVELOPMENT CORPORATION. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: LOTUS DEVELOPMENT CORPORATION believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. LOTUS DEVELOPMENT CORPORATION has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: LOTUS DEVELOPMENT CORPORATION offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: impressive development resources are what allows LOTUS DEVELOPMENT CORPORATION to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: LOTUS DEVELOPMENT CORPORATION has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: LOTUS DEVELOPMENT CORPORATION is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, LOTUS DEVELOPMENT CORPORATION ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: LOTUS DEVELOPMENT CORPORATION is aware of the difficulties that new employees might experience when they join the team. That's why LOTUS DEVELOPMENT CORPORATION has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: LOTUS DEVELOPMENT CORPORATION has a remarkable 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: LOTUS DEVELOPMENT CORPORATION realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | LOTUS DEVELOPMENT CORPORATION | Industry | New York |
|---|---|---|---|
| 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
LOTUS DEVELOPMENT CORPORATION 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 LOTUS DEVELOPMENT CORPORATION's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: LOTUS DEVELOPMENT CORPORATION wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class 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: Team members at LOTUS DEVELOPMENT CORPORATION 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. LOTUS DEVELOPMENT CORPORATION partially pays for dentures and braces as well.
- HEALTH INSURANCE: LOTUS DEVELOPMENT CORPORATION offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: LOTUS DEVELOPMENT CORPORATION is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: LOTUS DEVELOPMENT CORPORATION 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: LOTUS DEVELOPMENT CORPORATION has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: LOTUS DEVELOPMENT CORPORATION does not offer telehealth.
- VISION PLAN: LOTUS DEVELOPMENT CORPORATION offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | LOTUS DEVELOPMENT CORPORATION | Industry | New York |
|---|---|---|---|
| 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
LOTUS DEVELOPMENT CORPORATION offers superb financial benefits for employees and their family members. A superb 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: LOTUS DEVELOPMENT CORPORATION has an exceptional 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, LOTUS DEVELOPMENT CORPORATION offers an exceptional program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, LOTUS DEVELOPMENT CORPORATION offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: LOTUS DEVELOPMENT CORPORATION has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: LOTUS DEVELOPMENT CORPORATION offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for LOTUS DEVELOPMENT CORPORATION, and encourage others to do the same.
- CHILDCARE DISCOUNT: LOTUS DEVELOPMENT CORPORATION has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: LOTUS DEVELOPMENT CORPORATION acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: LOTUS DEVELOPMENT CORPORATION offers an impressive 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: LOTUS DEVELOPMENT CORPORATION 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: LOTUS DEVELOPMENT CORPORATION offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: LOTUS DEVELOPMENT CORPORATION wants for its team members to lead a happy and fulfilled life so it has a solid 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: LOTUS DEVELOPMENT CORPORATION has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, LOTUS DEVELOPMENT CORPORATION stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: LOTUS DEVELOPMENT CORPORATION has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | LOTUS DEVELOPMENT CORPORATION | Industry | New York |
|---|---|---|---|
| 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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