This report analyzes and compares ORMAT TECHNOLOGIES' employee health insurance and employee benefits with its industry and in Nevada 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
ORMAT TECHNOLOGIES has top-notch 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 ORMAT TECHNOLOGIES. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ORMAT TECHNOLOGIES offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, ORMAT TECHNOLOGIES makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: ORMAT TECHNOLOGIES believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: ORMAT TECHNOLOGIES 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: ORMAT TECHNOLOGIES has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: ORMAT TECHNOLOGIES is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, ORMAT TECHNOLOGIES ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: ORMAT TECHNOLOGIES is aware of the difficulties that new employees might experience when they join the team. That's why ORMAT TECHNOLOGIES has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, ORMAT TECHNOLOGIES implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: ORMAT TECHNOLOGIES realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | ORMAT TECHNOLOGIES | Industry | Nevada |
|---|---|---|---|
| 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
ORMAT TECHNOLOGIES offers remarkable 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 ORMAT TECHNOLOGIES's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ORMAT TECHNOLOGIES has an outstanding counseling program for its employees and their family members. Team members are encouraged by ORMAT TECHNOLOGIES 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 outstanding 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 ORMAT 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. ORMAT TECHNOLOGIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: ORMAT TECHNOLOGIES provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: ORMAT TECHNOLOGIES is aware of the fact that a healthy employee is a productive employee so it offers excellent 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: To financially help its team members with medical emergencies, ORMAT TECHNOLOGIES offers a suitable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: ORMAT TECHNOLOGIES offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: ORMAT TECHNOLOGIES has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. ORMAT TECHNOLOGIES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: ORMAT TECHNOLOGIES provides a superb 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 | ORMAT TECHNOLOGIES | Industry | Nevada |
|---|---|---|---|
| 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
ORMAT 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: ORMAT TECHNOLOGIES has a superior 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. ORMAT 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 superior ORMAT TECHNOLOGIES has Matching program that matches 75% of employees' contributions. Whatever ORMAT TECHNOLOGIES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave ORMAT TECHNOLOGIES. Recognizing that every team member is unique, with specific needs and goals, ORMAT TECHNOLOGIES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: ORMAT TECHNOLOGIES has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: ORMAT TECHNOLOGIES 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: ORMAT TECHNOLOGIES offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: ORMAT TECHNOLOGIES offers impressive 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: ORMAT TECHNOLOGIES offers a remarkable 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: ORMAT TECHNOLOGIES offers a top-notch short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: ORMAT TECHNOLOGIES offers a solid life insurance policy to its team members for an affordable price. ORMAT 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: ORMAT TECHNOLOGIES wants for its team members to lead a happy and fulfilled life so it has a valuable 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: ORMAT TECHNOLOGIES does not offer paid volunteer time off.
- PARENTAL LEAVE: ORMAT TECHNOLOGIES has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ORMAT TECHNOLOGIES | Industry | Nevada |
|---|---|---|---|
| 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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