This report analyzes and compares NETSOL TECHNOLOGIES' employee health insurance and employee benefits with its industry and in California 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
NETSOL TECHNOLOGIES has remarkable 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 NETSOL TECHNOLOGIES. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NETSOL TECHNOLOGIES believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. NETSOL TECHNOLOGIES has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: NETSOL TECHNOLOGIES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows NETSOL TECHNOLOGIES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: NETSOL TECHNOLOGIES has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: NETSOL TECHNOLOGIES offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by NETSOL TECHNOLOGIES to grow as leaders and learn how to make tough calls.
- 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 NETSOL TECHNOLOGIES offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: NETSOL TECHNOLOGIES has a superb 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: NETSOL TECHNOLOGIES has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at NETSOL TECHNOLOGIES.
Benefit | NETSOL TECHNOLOGIES | Industry | California |
|---|---|---|---|
| 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
NETSOL TECHNOLOGIES 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 NETSOL TECHNOLOGIES's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NETSOL TECHNOLOGIES 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 NETSOL TECHNOLOGIES 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. NETSOL TECHNOLOGIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: NETSOL TECHNOLOGIES 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: NETSOL TECHNOLOGIES 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: NETSOL TECHNOLOGIES has a superb 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: Aware of the challenges that come with pregnancy, NETSOL TECHNOLOGIES has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: NETSOL TECHNOLOGIES has an impressive telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: NETSOL TECHNOLOGIES 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 | NETSOL TECHNOLOGIES | Industry | California |
|---|---|---|---|
| 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
NETSOL TECHNOLOGIES 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: NETSOL TECHNOLOGIES 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. NETSOL TECHNOLOGIES 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 NETSOL TECHNOLOGIES has Matching program that matches 75% of employees' contributions. Whatever NETSOL TECHNOLOGIES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave NETSOL TECHNOLOGIES. Recognizing that every team member is unique, with specific needs and goals, NETSOL TECHNOLOGIES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: NETSOL TECHNOLOGIES has a good Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: NETSOL TECHNOLOGIES offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for NETSOL TECHNOLOGIES, and encourage others to do the same.
- CHILDCARE DISCOUNT: NETSOL TECHNOLOGIES does not offer childcare discount.
- COMMUTER BENEFIT: NETSOL TECHNOLOGIES offers excellent 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: NETSOL TECHNOLOGIES has a valuable 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: NETSOL TECHNOLOGIES has an outstanding 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: NETSOL TECHNOLOGIES offers a valuable life insurance policy to its team members for an affordable price. NETSOL TECHNOLOGIES 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: NETSOL TECHNOLOGIES wants for its team members to lead a happy and fulfilled life so it has a great 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: NETSOL TECHNOLOGIES has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, NETSOL TECHNOLOGIES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: NETSOL TECHNOLOGIES has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NETSOL TECHNOLOGIES | Industry | California |
|---|---|---|---|
| 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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