This report analyzes and compares MEMC ELECTRONIC MATERIALS' employee health insurance and employee benefits with its industry and in Missouri 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
MEMC ELECTRONIC MATERIALS has superior 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 MEMC ELECTRONIC MATERIALS. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MEMC ELECTRONIC MATERIALS offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MEMC ELECTRONIC MATERIALS makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, MEMC ELECTRONIC MATERIALS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: MEMC ELECTRONIC MATERIALS 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: MEMC ELECTRONIC MATERIALS has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MEMC ELECTRONIC MATERIALS believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that MEMC ELECTRONIC MATERIALS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: MEMC ELECTRONIC MATERIALS offers a top-notch Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, MEMC ELECTRONIC MATERIALS implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: MEMC ELECTRONIC MATERIALS has a good Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
MEMC ELECTRONIC MATERIALS
|Career planning Benefits|
|Coaching and mentoring Benefits|
|Development resources Benefits|
|GED reimbursement Benefits|
|Leadership programs Benefits|
|Recognition programs Benefits|
|Tuition reimbursement Benefits|
MEMC ELECTRONIC MATERIALS 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 MEMC ELECTRONIC MATERIALS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MEMC ELECTRONIC MATERIALS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior 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: MEMC ELECTRONIC MATERIALS offers a good 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: MEMC ELECTRONIC MATERIALS offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MEMC ELECTRONIC MATERIALS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: MEMC ELECTRONIC MATERIALS offers an excellent 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: MEMC ELECTRONIC MATERIALS offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MEMC ELECTRONIC MATERIALS 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. MEMC ELECTRONIC MATERIALS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: MEMC ELECTRONIC MATERIALS 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.
MEMC ELECTRONIC MATERIALS
|Dental Plan Benefits|
|Health Insurance Benefits|
|Health Plan Incentives Benefits|
|Healthcare Spending Accounts Benefits|
|Maternity support program Benefits|
|Vision Plan Benefits|
MEMC ELECTRONIC MATERIALS offers remarkable financial benefits for employees and their family members. A remarkable 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: MEMC ELECTRONIC MATERIALS 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. MEMC ELECTRONIC MATERIALS 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 MEMC ELECTRONIC MATERIALS has Matching program that matches 75% of employees' contributions. Whatever MEMC ELECTRONIC MATERIALS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MEMC ELECTRONIC MATERIALS. Recognizing that every team member is unique, with specific needs and goals, MEMC ELECTRONIC MATERIALS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: MEMC ELECTRONIC MATERIALS 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 MEMC ELECTRONIC MATERIALS.
- BONUS PAY: MEMC ELECTRONIC MATERIALS 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: MEMC ELECTRONIC MATERIALS cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: MEMC ELECTRONIC MATERIALS offers extraordinary 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: MEMC ELECTRONIC MATERIALS 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: MEMC ELECTRONIC MATERIALS has an excellent 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: MEMC ELECTRONIC MATERIALS offers a suitable life insurance policy to its team members for an affordable price. MEMC ELECTRONIC MATERIALS 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: MEMC ELECTRONIC MATERIALS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MEMC ELECTRONIC MATERIALS has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MEMC ELECTRONIC MATERIALS has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MEMC ELECTRONIC MATERIALS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MEMC ELECTRONIC MATERIALS has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
MEMC ELECTRONIC MATERIALS
|401(k) plan Benefits|
|Adoption assistance reimbursement Benefits|
|Bonus pay Benefits|
|Childcare discount Benefits|
|Commuter benefit Benefits|
|Daycare flexible spending account Benefits|
|Life insurance Benefits|
|Paid time off Benefits|
|Paid volunteer time off Benefits|
|Parental leave Benefits|
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