This report analyzes and compares MASTECH's employee health insurance and employee benefits with its industry and in Texas State.

COMPARE MASTECH'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

MASTECH 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 MASTECH. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: MASTECH continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that MASTECH uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: MASTECH believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
  • DEVELOPMENT RESOURCES: MASTECH encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, MASTECH supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
  • GED REIMBURSEMENT: MASTECH has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
  • LEADERSHIP PROGRAMS: MASTECH believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that MASTECH provides for them, employees are able to learn what makes or breaks a leader.
  • 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 MASTECH offers an exceptional Onboarding program to help new employees understand their role and cooperate with the rest of the team.
  • RECOGNITION PROGRAMS: MASTECH 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: MASTECH has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at MASTECH.
MASTECH's career benefits comparison table

Benefit

MASTECH

Industry

Texas

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

MASTECH 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 MASTECH's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: MASTECH 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: Team members at MASTECH have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MASTECH partially pays for dentures and braces as well.
  • HEALTH INSURANCE: MASTECH 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: MASTECH does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: MASTECH offers an impressive 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: MASTECH has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
  • TELEHEALTH: MASTECH has a solid 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. MASTECH can recommend a certain doctor or institution and covers up to 50% of the costs.
  • VISION PLAN: MASTECH 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.
MASTECH's healthcare benefits comparison table

Benefit

MASTECH

Industry

Texas

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

Team members enjoy good financial benefits at MASTECH. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. MASTECH offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MASTECH to partially cover the expenses.

  • 401(K) PLAN: MASTECH 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. MASTECH 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 MASTECH has Matching program that matches 75% of employees' contributions. Whatever MASTECH contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MASTECH. Recognizing that every team member is unique, with specific needs and goals, MASTECH keeps their members informed about their 401(k) options.
  • ADOPTION ASSISTANCE REIMBURSEMENT: MASTECH has an excellent 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: MASTECH has a valuable 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: MASTECH does not offer childcare discount.
  • COMMUTER BENEFIT: MASTECH offers outstanding 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: MASTECH 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: MASTECH has a solid disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: MASTECH offers a great life insurance policy to its team members for an affordable price. MASTECH 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: MASTECH wants for its team members to lead a happy and fulfilled life so it has a suitable 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: MASTECH does not offer paid volunteer time off.
  • PARENTAL LEAVE: MASTECH has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
MASTECH's financial benefits comparison table

Benefit

MASTECH

Industry

Texas

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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