This report analyzes and compares POWER ENGINEERING SOCIETY's employee health insurance and employee benefits with its industry and in New Jersey 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
POWER ENGINEERING SOCIETY 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 POWER ENGINEERING SOCIETY. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: POWER ENGINEERING SOCIETY offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, POWER ENGINEERING SOCIETY makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: POWER ENGINEERING SOCIETY offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: POWER ENGINEERING SOCIETY encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, POWER ENGINEERING SOCIETY supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: POWER ENGINEERING SOCIETY does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: POWER ENGINEERING SOCIETY offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by POWER ENGINEERING SOCIETY 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 POWER ENGINEERING SOCIETY offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: POWER ENGINEERING SOCIETY has a remarkable Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: POWER ENGINEERING SOCIETY does not offer tuition reimbursement.
Benefit | POWER ENGINEERING SOCIETY | Industry | New Jersey |
|---|---|---|---|
| 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
POWER ENGINEERING SOCIETY offers superior 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 POWER ENGINEERING SOCIETY's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: POWER ENGINEERING SOCIETY wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch 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 POWER ENGINEERING SOCIETY 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. POWER ENGINEERING SOCIETY partially pays for dentures and braces as well.
- HEALTH INSURANCE: POWER ENGINEERING SOCIETY 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: POWER ENGINEERING SOCIETY 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, POWER ENGINEERING SOCIETY 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: POWER ENGINEERING SOCIETY offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: POWER ENGINEERING SOCIETY has implemented a superior telehealth policy for its members to use any time of the day, every single day. POWER ENGINEERING SOCIETY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: POWER ENGINEERING SOCIETY 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.
Benefit | POWER ENGINEERING SOCIETY | Industry | New Jersey |
|---|---|---|---|
| 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
POWER ENGINEERING SOCIETY offers superb financial benefits for employees and their family members. A superb 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: POWER ENGINEERING SOCIETY does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: POWER ENGINEERING SOCIETY has a solid Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: POWER ENGINEERING SOCIETY offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for POWER ENGINEERING SOCIETY, and encourage others to do the same.
- CHILDCARE DISCOUNT: POWER ENGINEERING SOCIETY offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: POWER ENGINEERING SOCIETY 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: POWER ENGINEERING SOCIETY offers an outstanding daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: POWER ENGINEERING SOCIETY offers a superb 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: POWER ENGINEERING SOCIETY offers a great life insurance policy to its team members for an affordable price. POWER ENGINEERING SOCIETY 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: POWER ENGINEERING SOCIETY wants for its team members to lead a happy and fulfilled life so it has a solid 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: POWER ENGINEERING SOCIETY believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why POWER ENGINEERING SOCIETY offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: POWER ENGINEERING SOCIETY has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | POWER ENGINEERING SOCIETY | Industry | New Jersey |
|---|---|---|---|
| 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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