This report analyzes and compares SENSATA TECHNOLOGIES' employee health insurance and employee benefits with its industry and in Massachusetts 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
SENSATA TECHNOLOGIES has superb 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 SENSATA TECHNOLOGIES. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SENSATA TECHNOLOGIES believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. SENSATA TECHNOLOGIES has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SENSATA TECHNOLOGIES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows SENSATA TECHNOLOGIES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: SENSATA TECHNOLOGIES has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: SENSATA TECHNOLOGIES is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, SENSATA TECHNOLOGIES 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 SENSATA TECHNOLOGIES offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: SENSATA TECHNOLOGIES knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to SENSATA TECHNOLOGIES.
- TUITION REIMBURSEMENT: SENSATA TECHNOLOGIES does not offer tuition reimbursement.
Benefit | SENSATA TECHNOLOGIES | Industry | Massachusetts |
|---|---|---|---|
| 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
SENSATA TECHNOLOGIES provides extraordinary health benefits to enable team members and their families to have the best healthcare available, including telehealth services and consultations with various health professionals. Whether it's a fully covered dental plan or an extraordinary maternity support program, employees can rest assure that their health needs are fully met.
- COUNSELING: SENSATA TECHNOLOGIES has an outstanding counseling program for its employees and their family members. Team members are encouraged by SENSATA TECHNOLOGIES to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: SENSATA TECHNOLOGIES cares about its team members' dental health so it offers an exceptional 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: SENSATA TECHNOLOGIES provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: SENSATA TECHNOLOGIES offers its team members top-notch 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. SENSATA TECHNOLOGIES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, SENSATA TECHNOLOGIES offers a valuable 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: SENSATA TECHNOLOGIES offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: SENSATA TECHNOLOGIES has an outstanding telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: SENSATA TECHNOLOGIES provides a superb 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 | SENSATA TECHNOLOGIES | Industry | Massachusetts |
|---|---|---|---|
| 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
Team members enjoy good financial benefits at SENSATA TECHNOLOGIES. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. SENSATA TECHNOLOGIES offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect SENSATA TECHNOLOGIES to partially cover the expenses.
- 401(K) PLAN: SENSATA TECHNOLOGIES has a first-class 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. SENSATA TECHNOLOGIES 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 first-class SENSATA TECHNOLOGIES has Matching program that matches 75% of employees' contributions. Whatever SENSATA TECHNOLOGIES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SENSATA TECHNOLOGIES. Recognizing that every team member is unique, with specific needs and goals, SENSATA TECHNOLOGIES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SENSATA TECHNOLOGIES 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 SENSATA TECHNOLOGIES.
- BONUS PAY: SENSATA TECHNOLOGIES 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: SENSATA TECHNOLOGIES does not offer childcare discount.
- COMMUTER BENEFIT: SENSATA TECHNOLOGIES acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SENSATA TECHNOLOGIES has a suitable 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: SENSATA TECHNOLOGIES has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: SENSATA TECHNOLOGIES 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: SENSATA TECHNOLOGIES wants for its team members to lead a happy and fulfilled life so it has a great 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: SENSATA TECHNOLOGIES has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, SENSATA TECHNOLOGIES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: SENSATA TECHNOLOGIES has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SENSATA TECHNOLOGIES | Industry | Massachusetts |
|---|---|---|---|
| 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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