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

COMPARE OMNICARE'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

OMNICARE 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 OMNICARE. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: OMNICARE continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that OMNICARE uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: OMNICARE does not offer coaching and mentoring.
  • DEVELOPMENT RESOURCES: OMNICARE encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, OMNICARE supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
  • GED REIMBURSEMENT: OMNICARE has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
  • LEADERSHIP PROGRAMS: OMNICARE believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that OMNICARE provides for them, employees are able to learn what makes or breaks a leader.
  • ONBOARDING: OMNICARE is aware of the difficulties that new employees might experience when they join the team. That's why OMNICARE has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
  • RECOGNITION PROGRAMS: OMNICARE 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 OMNICARE.
  • TUITION REIMBURSEMENT: OMNICARE does not offer tuition reimbursement.
OMNICARE's career benefits comparison table

Benefit

OMNICARE

Industry

Ohio

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

OMNICARE 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 OMNICARE's superb maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: OMNICARE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why OMNICARE implemented a valuable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This valuable counseling program includes nutritional and fitness information as well.
  • DENTAL PLAN: OMNICARE cares about its team members' dental health so it offers an impressive dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
  • HEALTH INSURANCE: OMNICARE provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
  • HEALTH PLAN INCENTIVES: OMNICARE is aware of the fact that a healthy employee is a productive employee so it offers exceptional 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: OMNICARE 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: Aware of the challenges that come with pregnancy, OMNICARE has created a remarkable maternity support program to support its expecting team members.
  • TELEHEALTH: OMNICARE has a good 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. OMNICARE can recommend a certain doctor or institution and covers up to 50% of the costs.
  • VISION PLAN: OMNICARE 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.
OMNICARE's healthcare benefits comparison table

Benefit

OMNICARE

Industry

Ohio

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

OMNICARE offers top-notch financial benefits for employees and their family members. A top-notch 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: OMNICARE does not offer 401(k) plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: OMNICARE has a superior 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 OMNICARE.
  • BONUS PAY: OMNICARE offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for OMNICARE, and encourage others to do the same.
  • CHILDCARE DISCOUNT: OMNICARE cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
  • COMMUTER BENEFIT: OMNICARE 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: OMNICARE offers a top-notch 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: OMNICARE has an extraordinary 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: OMNICARE offers a good life insurance policy to its team members for an affordable price. OMNICARE 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: OMNICARE 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: OMNICARE believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why OMNICARE offers its team members up to 50 hours of paid volunteer time off.
  • PARENTAL LEAVE: OMNICARE has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
OMNICARE's financial benefits comparison table

Benefit

OMNICARE

Industry

Ohio

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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