This report analyzes and compares SILVER BAY SEAFOODS' employee health insurance and employee benefits with its industry and in Alaska 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
SILVER BAY SEAFOODS has top-notch 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 SILVER BAY SEAFOODS. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SILVER BAY SEAFOODS offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, SILVER BAY SEAFOODS makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, SILVER BAY SEAFOODS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: SILVER BAY SEAFOODS offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SILVER BAY SEAFOODS has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: SILVER BAY SEAFOODS believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that SILVER BAY SEAFOODS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: SILVER BAY SEAFOODS is aware of the difficulties that new employees might experience when they join the team. That's why SILVER BAY SEAFOODS has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: SILVER BAY SEAFOODS 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 SILVER BAY SEAFOODS.
- TUITION REIMBURSEMENT: SILVER BAY SEAFOODS has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at SILVER BAY SEAFOODS.
Benefit | SILVER BAY SEAFOODS | Industry | Alaska |
|---|---|---|---|
| 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
SILVER BAY SEAFOODS 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 SILVER BAY SEAFOODS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SILVER BAY SEAFOODS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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: SILVER BAY SEAFOODS offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: SILVER BAY SEAFOODS offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: SILVER BAY SEAFOODS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: SILVER BAY SEAFOODS 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: SILVER BAY SEAFOODS offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: SILVER BAY SEAFOODS has an excellent 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: SILVER BAY SEAFOODS has an outstanding 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 | SILVER BAY SEAFOODS | Industry | Alaska |
|---|---|---|---|
| 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
SILVER BAY SEAFOODS 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: SILVER BAY SEAFOODS knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 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 SILVER BAY SEAFOODS 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, SILVER BAY SEAFOODS provides resources which will help team members decide what to do with their 401(k) plan. SILVER BAY SEAFOODS offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: SILVER BAY SEAFOODS does not offer adoption assistance reimbursement.
- BONUS PAY: SILVER BAY SEAFOODS offers superb bonuses to team members who excel in their field of work, provide extraordinary results for SILVER BAY SEAFOODS, and encourage others to do the same.
- CHILDCARE DISCOUNT: SILVER BAY SEAFOODS cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: SILVER BAY SEAFOODS 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: SILVER BAY SEAFOODS offers an exceptional 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: SILVER BAY SEAFOODS has an impressive disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: SILVER BAY SEAFOODS offers a valuable life insurance policy to its team members for an affordable price. SILVER BAY SEAFOODS 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: SILVER BAY SEAFOODS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why SILVER BAY SEAFOODS has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: SILVER BAY SEAFOODS believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why SILVER BAY SEAFOODS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: SILVER BAY SEAFOODS has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SILVER BAY SEAFOODS | Industry | Alaska |
|---|---|---|---|
| 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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