This report analyzes and compares OSRAM OPTO SEMICONDUCTORS' 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
OSRAM OPTO SEMICONDUCTORS has superb 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 OSRAM OPTO SEMICONDUCTORS. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: OSRAM OPTO SEMICONDUCTORS offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, OSRAM OPTO SEMICONDUCTORS makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: OSRAM OPTO SEMICONDUCTORS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows OSRAM OPTO SEMICONDUCTORS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: OSRAM OPTO SEMICONDUCTORS has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: OSRAM OPTO SEMICONDUCTORS does not offer leadership programs.
- 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 OSRAM OPTO SEMICONDUCTORS offers an outstanding 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, OSRAM OPTO SEMICONDUCTORS implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: OSRAM OPTO SEMICONDUCTORS does not offer tuition reimbursement.
Benefit | OSRAM OPTO SEMICONDUCTORS | 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
OSRAM OPTO SEMICONDUCTORS 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 OSRAM OPTO SEMICONDUCTORS's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: OSRAM OPTO SEMICONDUCTORS has an outstanding counseling program for its employees and their family members. Team members are encouraged by OSRAM OPTO SEMICONDUCTORS 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 OSRAM OPTO SEMICONDUCTORS 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. OSRAM OPTO SEMICONDUCTORS partially pays for dentures and braces as well.
- HEALTH INSURANCE: OSRAM OPTO SEMICONDUCTORS 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: OSRAM OPTO SEMICONDUCTORS is aware of the fact that a healthy employee is a productive employee so it offers outstanding 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, OSRAM OPTO SEMICONDUCTORS offers a great 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: Aware of the challenges that come with pregnancy, OSRAM OPTO SEMICONDUCTORS has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: OSRAM OPTO SEMICONDUCTORS does not offer telehealth.
- VISION PLAN: OSRAM OPTO SEMICONDUCTORS offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | OSRAM OPTO SEMICONDUCTORS | 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
OSRAM OPTO SEMICONDUCTORS offers superior financial benefits for employees and their family members. A superior 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: OSRAM OPTO SEMICONDUCTORS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: OSRAM OPTO SEMICONDUCTORS does not offer adoption assistance reimbursement.
- BONUS PAY: OSRAM OPTO SEMICONDUCTORS offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for OSRAM OPTO SEMICONDUCTORS, and encourage others to do the same.
- CHILDCARE DISCOUNT: OSRAM OPTO SEMICONDUCTORS has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: OSRAM OPTO SEMICONDUCTORS acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: OSRAM OPTO SEMICONDUCTORS offers a superb 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: OSRAM OPTO SEMICONDUCTORS has an excellent 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: OSRAM OPTO SEMICONDUCTORS offers a valuable life insurance policy to its team members for an affordable price. OSRAM OPTO SEMICONDUCTORS 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: OSRAM OPTO SEMICONDUCTORS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why OSRAM OPTO SEMICONDUCTORS has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: OSRAM OPTO SEMICONDUCTORS does not offer paid volunteer time off.
- PARENTAL LEAVE: OSRAM OPTO SEMICONDUCTORS has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | OSRAM OPTO SEMICONDUCTORS | 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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