This report analyzes and compares S&T BANK's employee health insurance and employee benefits with its industry and in Pennsylvania State.

COMPARE S&T BANK'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

S&T BANK 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 S&T BANK. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: S&T BANK believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. S&T BANK has good resources at its disposal to achieve this goal.
  • COACHING AND MENTORING: By using a valuable coaching and mentoring program, S&T BANK can determine what should every team member focus on to grow and increase productivity.
  • DEVELOPMENT RESOURCES: S&T BANK offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
  • GED REIMBURSEMENT: S&T BANK has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
  • LEADERSHIP PROGRAMS: S&T BANK offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by S&T BANK to grow as leaders and learn how to make tough calls.
  • ONBOARDING: S&T BANK is aware of the difficulties that new employees might experience when they join the team. That's why S&T BANK has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
  • RECOGNITION PROGRAMS: S&T BANK 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: S&T BANK has a valuable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
S&T BANK's career benefits comparison table

Benefit

S&T BANK

Industry

Pennsylvania

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

S&T BANK offers top-notch 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 S&T BANK's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: S&T BANK does not offer counseling.
  • DENTAL PLAN: S&T BANK cares about its team members' dental health so it offers an extraordinary dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
  • HEALTH INSURANCE: S&T BANK offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
  • HEALTH PLAN INCENTIVES: S&T BANK offers its team members superior 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. S&T BANK provides educational material and seminars.
  • HEALTHCARE SPENDING ACCOUNTS: S&T BANK has a superior 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: S&T BANK has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
  • TELEHEALTH: S&T BANK has a suitable 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. S&T BANK can recommend a certain doctor or institution and covers up to 50% of the costs.
  • VISION PLAN: S&T BANK offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
S&T BANK's healthcare benefits comparison table

Benefit

S&T BANK

Industry

Pennsylvania

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

S&T BANK 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: S&T BANK knows how important it is to think about retirement and start saving on time. That's why it offers a great 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 S&T BANK 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, S&T BANK provides resources which will help team members decide what to do with their 401(k) plan. S&T BANK offers a great vesting schedule with a gradual increase of 25% per year.
  • ADOPTION ASSISTANCE REIMBURSEMENT: S&T BANK has a good 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: S&T BANK offers superior bonuses to team members who excel in their field of work, provide extraordinary results for S&T BANK, and encourage others to do the same.
  • CHILDCARE DISCOUNT: S&T BANK has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
  • COMMUTER BENEFIT: S&T BANK acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: S&T BANK offers a superior 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: S&T BANK 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: S&T BANK offers a suitable life insurance policy to its team members for an affordable price. S&T BANK 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: S&T BANK has an exceptional 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: S&T BANK believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why S&T BANK offers its team members up to 50 hours of paid volunteer time off.
  • PARENTAL LEAVE: S&T BANK has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
S&T BANK's financial benefits comparison table

Benefit

S&T BANK

Industry

Pennsylvania

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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