This report analyzes and compares MARRIOTT VACATIONS WORLDWIDE's employee health insurance and employee benefits with its industry and in Florida 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
MARRIOTT VACATIONS WORLDWIDE 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 MARRIOTT VACATIONS WORLDWIDE. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MARRIOTT VACATIONS WORLDWIDE offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MARRIOTT VACATIONS WORLDWIDE makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: MARRIOTT VACATIONS WORLDWIDE does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: MARRIOTT VACATIONS WORLDWIDE 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: MARRIOTT VACATIONS WORLDWIDE has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: MARRIOTT VACATIONS WORLDWIDE is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, MARRIOTT VACATIONS WORLDWIDE ensures that team members with a potential for becoming leaders can achieve their goals.
- 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 MARRIOTT VACATIONS WORLDWIDE offers an exceptional Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MARRIOTT VACATIONS WORLDWIDE has a top-notch 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: MARRIOTT VACATIONS WORLDWIDE has a solid 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 | MARRIOTT VACATIONS WORLDWIDE | Industry | Florida |
|---|---|---|---|
| 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
MARRIOTT VACATIONS WORLDWIDE offers superior 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 MARRIOTT VACATIONS WORLDWIDE's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MARRIOTT VACATIONS WORLDWIDE does not offer counseling.
- DENTAL PLAN: Team members at MARRIOTT VACATIONS WORLDWIDE have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MARRIOTT VACATIONS WORLDWIDE partially pays for dentures and braces as well.
- HEALTH INSURANCE: MARRIOTT VACATIONS WORLDWIDE offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MARRIOTT VACATIONS WORLDWIDE 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: MARRIOTT VACATIONS WORLDWIDE offers an outstanding 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: Aware of the challenges that come with pregnancy, MARRIOTT VACATIONS WORLDWIDE has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: MARRIOTT VACATIONS WORLDWIDE does not offer telehealth.
- VISION PLAN: MARRIOTT VACATIONS WORLDWIDE provides a top-notch 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 | MARRIOTT VACATIONS WORLDWIDE | Industry | Florida |
|---|---|---|---|
| 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
MARRIOTT VACATIONS WORLDWIDE 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: MARRIOTT VACATIONS WORLDWIDE 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. MARRIOTT VACATIONS WORLDWIDE 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 MARRIOTT VACATIONS WORLDWIDE has Matching program that matches 75% of employees' contributions. Whatever MARRIOTT VACATIONS WORLDWIDE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MARRIOTT VACATIONS WORLDWIDE. Recognizing that every team member is unique, with specific needs and goals, MARRIOTT VACATIONS WORLDWIDE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: MARRIOTT VACATIONS WORLDWIDE 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 MARRIOTT VACATIONS WORLDWIDE.
- BONUS PAY: MARRIOTT VACATIONS WORLDWIDE has an impressive 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: MARRIOTT VACATIONS WORLDWIDE does not offer childcare discount.
- COMMUTER BENEFIT: MARRIOTT VACATIONS WORLDWIDE 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: MARRIOTT VACATIONS WORLDWIDE offers an outstanding 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: MARRIOTT VACATIONS WORLDWIDE offers a remarkable 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: MARRIOTT VACATIONS WORLDWIDE has a superb life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: MARRIOTT VACATIONS WORLDWIDE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MARRIOTT VACATIONS WORLDWIDE has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MARRIOTT VACATIONS WORLDWIDE recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by MARRIOTT VACATIONS WORLDWIDE, on volunteer work of their choice.
- PARENTAL LEAVE: MARRIOTT VACATIONS WORLDWIDE has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MARRIOTT VACATIONS WORLDWIDE | Industry | Florida |
|---|---|---|---|
| 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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