This report analyzes and compares NEWPORT NEWS INDUSTRIAL's employee health insurance and employee benefits with its industry and in Virginia 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
NEWPORT NEWS INDUSTRIAL 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 NEWPORT NEWS INDUSTRIAL. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NEWPORT NEWS INDUSTRIAL offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, NEWPORT NEWS INDUSTRIAL makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: NEWPORT NEWS INDUSTRIAL offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: NEWPORT NEWS INDUSTRIAL encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, NEWPORT NEWS INDUSTRIAL 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: NEWPORT NEWS INDUSTRIAL has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: NEWPORT NEWS INDUSTRIAL is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, NEWPORT NEWS INDUSTRIAL 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 NEWPORT NEWS INDUSTRIAL offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, NEWPORT NEWS INDUSTRIAL implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: NEWPORT NEWS INDUSTRIAL has a valuable 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 | NEWPORT NEWS INDUSTRIAL | Industry | Virginia |
|---|---|---|---|
| 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
NEWPORT NEWS INDUSTRIAL 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 NEWPORT NEWS INDUSTRIAL's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NEWPORT NEWS INDUSTRIAL 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: NEWPORT NEWS INDUSTRIAL 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: NEWPORT NEWS INDUSTRIAL offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: NEWPORT NEWS INDUSTRIAL offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. NEWPORT NEWS INDUSTRIAL provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: NEWPORT NEWS INDUSTRIAL has a superior 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, NEWPORT NEWS INDUSTRIAL has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: NEWPORT NEWS INDUSTRIAL has an exceptional 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: NEWPORT NEWS INDUSTRIAL provides a first-class 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 | NEWPORT NEWS INDUSTRIAL | Industry | Virginia |
|---|---|---|---|
| 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 NEWPORT NEWS INDUSTRIAL. 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. NEWPORT NEWS INDUSTRIAL offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect NEWPORT NEWS INDUSTRIAL to partially cover the expenses.
- 401(K) PLAN: NEWPORT NEWS INDUSTRIAL knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and NEWPORT NEWS INDUSTRIAL will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, NEWPORT NEWS INDUSTRIAL provides resources which will help team members decide what to do with their 401(k) plan. NEWPORT NEWS INDUSTRIAL offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: NEWPORT NEWS INDUSTRIAL does not offer adoption assistance reimbursement.
- BONUS PAY: NEWPORT NEWS INDUSTRIAL has an extraordinary 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: NEWPORT NEWS INDUSTRIAL does not offer childcare discount.
- COMMUTER BENEFIT: NEWPORT NEWS INDUSTRIAL has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: NEWPORT NEWS INDUSTRIAL offers a superior daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: NEWPORT NEWS INDUSTRIAL has an exceptional 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: NEWPORT NEWS INDUSTRIAL offers an extraordinary life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: NEWPORT NEWS INDUSTRIAL 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: NEWPORT NEWS INDUSTRIAL does not offer paid volunteer time off.
- PARENTAL LEAVE: NEWPORT NEWS INDUSTRIAL has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NEWPORT NEWS INDUSTRIAL | Industry | Virginia |
|---|---|---|---|
| 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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