This report analyzes and compares PRUDENTIAL FINANCIAL'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
PRUDENTIAL FINANCIAL has superior 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 PRUDENTIAL FINANCIAL. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PRUDENTIAL FINANCIAL continually evaluates its team members to determine the potential and direction of employees' careers. The exceptional tools that PRUDENTIAL FINANCIAL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, PRUDENTIAL FINANCIAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: PRUDENTIAL FINANCIAL encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, PRUDENTIAL FINANCIAL 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: PRUDENTIAL FINANCIAL has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: PRUDENTIAL FINANCIAL is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, PRUDENTIAL FINANCIAL ensures that team members with a potential for becoming leaders can achieve their goals.
- 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 PRUDENTIAL FINANCIAL offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: PRUDENTIAL FINANCIAL knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to PRUDENTIAL FINANCIAL.
- TUITION REIMBURSEMENT: PRUDENTIAL FINANCIAL realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | PRUDENTIAL FINANCIAL | 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
PRUDENTIAL FINANCIAL 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 PRUDENTIAL FINANCIAL's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PRUDENTIAL FINANCIAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why PRUDENTIAL FINANCIAL implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at PRUDENTIAL FINANCIAL 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. PRUDENTIAL FINANCIAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: PRUDENTIAL FINANCIAL provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: PRUDENTIAL FINANCIAL offers its team members superb 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. PRUDENTIAL FINANCIAL provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: PRUDENTIAL FINANCIAL has a remarkable healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: PRUDENTIAL FINANCIAL offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: PRUDENTIAL FINANCIAL 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. PRUDENTIAL FINANCIAL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: PRUDENTIAL FINANCIAL 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 | PRUDENTIAL FINANCIAL | 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
PRUDENTIAL FINANCIAL offers top-notch financial benefits for employees and their family members. A top-notch 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: PRUDENTIAL FINANCIAL knows how important it is to think about retirement and start saving on time. That's why it offers a solid 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and PRUDENTIAL FINANCIAL will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, PRUDENTIAL FINANCIAL provides resources which will help team members decide what to do with their 401(k) plan. PRUDENTIAL FINANCIAL offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: PRUDENTIAL FINANCIAL has a top-notch 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 PRUDENTIAL FINANCIAL.
- BONUS PAY: PRUDENTIAL FINANCIAL has a valuable 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: PRUDENTIAL FINANCIAL offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: PRUDENTIAL FINANCIAL offers outstanding 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: PRUDENTIAL FINANCIAL offers an impressive 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: PRUDENTIAL FINANCIAL has a solid disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: PRUDENTIAL FINANCIAL 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: PRUDENTIAL FINANCIAL has an excellent 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: PRUDENTIAL FINANCIAL recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PRUDENTIAL FINANCIAL, on volunteer work of their choice.
- PARENTAL LEAVE: PRUDENTIAL FINANCIAL has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PRUDENTIAL FINANCIAL | 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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