This report analyzes and compares PATRICK BUILDING SUPPLY'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
PATRICK BUILDING SUPPLY 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 PATRICK BUILDING SUPPLY. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PATRICK BUILDING SUPPLY 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. PATRICK BUILDING SUPPLY has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: PATRICK BUILDING SUPPLY believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows PATRICK BUILDING SUPPLY to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: PATRICK BUILDING SUPPLY has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: PATRICK BUILDING SUPPLY offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by PATRICK BUILDING SUPPLY 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 PATRICK BUILDING SUPPLY offers an exceptional 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, PATRICK BUILDING SUPPLY implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: PATRICK BUILDING SUPPLY 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 PATRICK BUILDING SUPPLY.
Benefit | PATRICK BUILDING SUPPLY | 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
PATRICK BUILDING SUPPLY 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 PATRICK BUILDING SUPPLY's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PATRICK BUILDING SUPPLY wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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 PATRICK BUILDING SUPPLY have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. PATRICK BUILDING SUPPLY partially pays for dentures and braces as well.
- HEALTH INSURANCE: PATRICK BUILDING SUPPLY offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: PATRICK BUILDING SUPPLY offers its team members first-class 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. PATRICK BUILDING SUPPLY provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, PATRICK BUILDING SUPPLY 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: PATRICK BUILDING SUPPLY has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: PATRICK BUILDING SUPPLY has implemented a first-class telehealth policy for its members to use any time of the day, every single day. PATRICK BUILDING SUPPLY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: PATRICK BUILDING SUPPLY has an impressive 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.
Benefit | PATRICK BUILDING SUPPLY | 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
PATRICK BUILDING SUPPLY 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: PATRICK BUILDING SUPPLY has a remarkable 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. PATRICK BUILDING SUPPLY 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 remarkable PATRICK BUILDING SUPPLY has Matching program that matches 75% of employees' contributions. Whatever PATRICK BUILDING SUPPLY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave PATRICK BUILDING SUPPLY. Recognizing that every team member is unique, with specific needs and goals, PATRICK BUILDING SUPPLY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: PATRICK BUILDING SUPPLY 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 PATRICK BUILDING SUPPLY.
- BONUS PAY: PATRICK BUILDING SUPPLY offers superior bonuses to team members who excel in their field of work, provide extraordinary results for PATRICK BUILDING SUPPLY, and encourage others to do the same.
- CHILDCARE DISCOUNT: PATRICK BUILDING SUPPLY offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: PATRICK BUILDING SUPPLY 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: PATRICK BUILDING SUPPLY has a good 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: PATRICK BUILDING SUPPLY has an impressive 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: PATRICK BUILDING SUPPLY has a superb life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: PATRICK BUILDING SUPPLY has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: PATRICK BUILDING SUPPLY believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why PATRICK BUILDING SUPPLY offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: PATRICK BUILDING SUPPLY has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PATRICK BUILDING SUPPLY | 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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