This report analyzes and compares PRINCETON EDGE LAB'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
PRINCETON EDGE LAB 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 PRINCETON EDGE LAB. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PRINCETON EDGE LAB believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. PRINCETON EDGE LAB has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: PRINCETON EDGE LAB does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows PRINCETON EDGE LAB 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: PRINCETON EDGE LAB has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: PRINCETON EDGE LAB believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that PRINCETON EDGE LAB provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: PRINCETON EDGE LAB offers a first-class Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: PRINCETON EDGE LAB knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to PRINCETON EDGE LAB.
- TUITION REIMBURSEMENT: PRINCETON EDGE LAB does not offer tuition reimbursement.
Benefit | PRINCETON EDGE LAB | 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
PRINCETON EDGE LAB 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 PRINCETON EDGE LAB's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PRINCETON EDGE LAB is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why PRINCETON EDGE LAB implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at PRINCETON EDGE LAB have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. PRINCETON EDGE LAB partially pays for dentures and braces as well.
- HEALTH INSURANCE: PRINCETON EDGE LAB offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: PRINCETON EDGE LAB 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. PRINCETON EDGE LAB provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, PRINCETON EDGE LAB offers a solid 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: PRINCETON EDGE LAB has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: PRINCETON EDGE LAB 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. PRINCETON EDGE LAB can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: PRINCETON EDGE LAB provides a superior 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 | PRINCETON EDGE LAB | 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
PRINCETON EDGE LAB 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: PRINCETON EDGE LAB does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: PRINCETON EDGE LAB has an excellent 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: PRINCETON EDGE LAB has a solid bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: PRINCETON EDGE LAB does not offer childcare discount.
- COMMUTER BENEFIT: PRINCETON EDGE LAB offers exceptional 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: PRINCETON EDGE LAB 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: PRINCETON EDGE LAB 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: PRINCETON EDGE LAB has a first-class 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: PRINCETON EDGE LAB has an extraordinary 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: PRINCETON EDGE LAB recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PRINCETON EDGE LAB, on volunteer work of their choice.
- PARENTAL LEAVE: PRINCETON EDGE LAB has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PRINCETON EDGE LAB | 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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