This report analyzes and compares SORIN BIOMEDICAL's employee health insurance and employee benefits with its industry and in California 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
SORIN BIOMEDICAL 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 SORIN BIOMEDICAL. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SORIN BIOMEDICAL 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. SORIN BIOMEDICAL has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SORIN BIOMEDICAL believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: SORIN BIOMEDICAL offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SORIN BIOMEDICAL has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: SORIN BIOMEDICAL does not offer leadership programs.
- ONBOARDING: SORIN BIOMEDICAL is aware of the difficulties that new employees might experience when they join the team. That's why SORIN BIOMEDICAL has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: SORIN BIOMEDICAL 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 SORIN BIOMEDICAL.
- TUITION REIMBURSEMENT: SORIN BIOMEDICAL has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at SORIN BIOMEDICAL.
Benefit | SORIN BIOMEDICAL | Industry | California |
|---|---|---|---|
| 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
SORIN BIOMEDICAL offers superior 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 SORIN BIOMEDICAL's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SORIN BIOMEDICAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SORIN BIOMEDICAL implemented a great 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 great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: SORIN BIOMEDICAL cares about its team members' dental health so it offers an outstanding 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: SORIN BIOMEDICAL 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: In an effort to improve the wellbeing and quality of life of its team members, SORIN BIOMEDICAL offers good health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: SORIN BIOMEDICAL offers an exceptional healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: SORIN BIOMEDICAL offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: SORIN BIOMEDICAL 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. SORIN BIOMEDICAL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: SORIN BIOMEDICAL has an extraordinary 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 | SORIN BIOMEDICAL | Industry | California |
|---|---|---|---|
| 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
SORIN BIOMEDICAL 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: SORIN BIOMEDICAL does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: SORIN BIOMEDICAL has a first-class 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 SORIN BIOMEDICAL.
- BONUS PAY: SORIN BIOMEDICAL has a good 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: SORIN BIOMEDICAL does not offer childcare discount.
- COMMUTER BENEFIT: SORIN BIOMEDICAL offers impressive 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: SORIN BIOMEDICAL 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: SORIN BIOMEDICAL 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: SORIN BIOMEDICAL offers a valuable life insurance policy to its team members for an affordable price. SORIN BIOMEDICAL 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: SORIN BIOMEDICAL has an outstanding 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: SORIN BIOMEDICAL has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, SORIN BIOMEDICAL stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: SORIN BIOMEDICAL has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SORIN BIOMEDICAL | Industry | California |
|---|---|---|---|
| 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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