This report analyzes and compares NATIONAL BLACK MBA ASSOCIATION's employee health insurance and employee benefits with its industry and in Illinois 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
NATIONAL BLACK MBA ASSOCIATION 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 NATIONAL BLACK MBA ASSOCIATION. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NATIONAL BLACK MBA ASSOCIATION continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that NATIONAL BLACK MBA ASSOCIATION uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: NATIONAL BLACK MBA ASSOCIATION 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: NATIONAL BLACK MBA ASSOCIATION encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, NATIONAL BLACK MBA ASSOCIATION 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: NATIONAL BLACK MBA ASSOCIATION has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: NATIONAL BLACK MBA ASSOCIATION does not offer leadership programs.
- ONBOARDING: NATIONAL BLACK MBA ASSOCIATION is aware of the difficulties that new employees might experience when they join the team. That's why NATIONAL BLACK MBA ASSOCIATION has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: NATIONAL BLACK MBA ASSOCIATION knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to NATIONAL BLACK MBA ASSOCIATION.
- TUITION REIMBURSEMENT: NATIONAL BLACK MBA ASSOCIATION does not offer tuition reimbursement.
Benefit | NATIONAL BLACK MBA ASSOCIATION | Industry | Illinois |
|---|---|---|---|
| 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
NATIONAL BLACK MBA ASSOCIATION offers superb 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 NATIONAL BLACK MBA ASSOCIATION's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NATIONAL BLACK MBA ASSOCIATION has an excellent counseling program for its employees and their family members. Team members are encouraged by NATIONAL BLACK MBA ASSOCIATION to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at NATIONAL BLACK MBA ASSOCIATION 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. NATIONAL BLACK MBA ASSOCIATION partially pays for dentures and braces as well.
- HEALTH INSURANCE: NATIONAL BLACK MBA ASSOCIATION provides an outstanding 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, NATIONAL BLACK MBA ASSOCIATION offers valuable 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: NATIONAL BLACK MBA ASSOCIATION 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: Aware of the challenges that come with pregnancy, NATIONAL BLACK MBA ASSOCIATION has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: NATIONAL BLACK MBA ASSOCIATION does not offer telehealth.
- VISION PLAN: NATIONAL BLACK MBA ASSOCIATION has an excellent Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | NATIONAL BLACK MBA ASSOCIATION | Industry | Illinois |
|---|---|---|---|
| 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
NATIONAL BLACK MBA ASSOCIATION 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: NATIONAL BLACK MBA ASSOCIATION has a first-class 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. NATIONAL BLACK MBA ASSOCIATION 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 first-class NATIONAL BLACK MBA ASSOCIATION has Matching program that matches 75% of employees' contributions. Whatever NATIONAL BLACK MBA ASSOCIATION contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave NATIONAL BLACK MBA ASSOCIATION. Recognizing that every team member is unique, with specific needs and goals, NATIONAL BLACK MBA ASSOCIATION keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: NATIONAL BLACK MBA ASSOCIATION 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 NATIONAL BLACK MBA ASSOCIATION.
- BONUS PAY: NATIONAL BLACK MBA ASSOCIATION offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for NATIONAL BLACK MBA ASSOCIATION, and encourage others to do the same.
- CHILDCARE DISCOUNT: NATIONAL BLACK MBA ASSOCIATION cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: NATIONAL BLACK MBA ASSOCIATION 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: NATIONAL BLACK MBA ASSOCIATION offers an excellent 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: NATIONAL BLACK MBA ASSOCIATION has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: NATIONAL BLACK MBA ASSOCIATION offers a good life insurance policy to its team members for an affordable price. NATIONAL BLACK MBA ASSOCIATION 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: NATIONAL BLACK MBA ASSOCIATION realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why NATIONAL BLACK MBA ASSOCIATION has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: NATIONAL BLACK MBA ASSOCIATION believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why NATIONAL BLACK MBA ASSOCIATION offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: NATIONAL BLACK MBA ASSOCIATION has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NATIONAL BLACK MBA ASSOCIATION | Industry | Illinois |
|---|---|---|---|
| 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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