This report analyzes and compares SPACE APPS CHALLENGE's employee health insurance and employee benefits with its industry and in Texas 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
SPACE APPS CHALLENGE has remarkable 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 SPACE APPS CHALLENGE. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SPACE APPS CHALLENGE believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. SPACE APPS CHALLENGE has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SPACE APPS CHALLENGE believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows SPACE APPS CHALLENGE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: SPACE APPS CHALLENGE has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: SPACE APPS CHALLENGE offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by SPACE APPS CHALLENGE to grow as leaders and learn how to make tough calls.
- ONBOARDING: SPACE APPS CHALLENGE does not offer onboarding.
- RECOGNITION PROGRAMS: SPACE APPS CHALLENGE has a superb 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: SPACE APPS CHALLENGE does not offer tuition reimbursement.
Benefit | SPACE APPS CHALLENGE | Industry | Texas |
|---|---|---|---|
| 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
SPACE APPS CHALLENGE offers remarkable 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 SPACE APPS CHALLENGE's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SPACE APPS CHALLENGE wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior 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: Team members at SPACE APPS CHALLENGE 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. SPACE APPS CHALLENGE partially pays for dentures and braces as well.
- HEALTH INSURANCE: SPACE APPS CHALLENGE offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SPACE APPS CHALLENGE 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. SPACE APPS CHALLENGE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: SPACE APPS CHALLENGE offers an impressive 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: SPACE APPS CHALLENGE offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: SPACE APPS CHALLENGE does not offer telehealth.
- VISION PLAN: SPACE APPS CHALLENGE 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 | SPACE APPS CHALLENGE | Industry | Texas |
|---|---|---|---|
| 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
SPACE APPS CHALLENGE offers superior financial benefits for employees and their family members. A superior 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: SPACE APPS CHALLENGE 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. SPACE APPS CHALLENGE 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 SPACE APPS CHALLENGE has Matching program that matches 75% of employees' contributions. Whatever SPACE APPS CHALLENGE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SPACE APPS CHALLENGE. Recognizing that every team member is unique, with specific needs and goals, SPACE APPS CHALLENGE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SPACE APPS CHALLENGE has a superb 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 SPACE APPS CHALLENGE.
- BONUS PAY: SPACE APPS CHALLENGE has a suitable 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: SPACE APPS CHALLENGE has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: SPACE APPS CHALLENGE offers extraordinary 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: SPACE APPS CHALLENGE offers an outstanding 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: SPACE APPS CHALLENGE offers a remarkable 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: SPACE APPS CHALLENGE offers a solid life insurance policy to its team members for an affordable price. SPACE APPS CHALLENGE 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: SPACE APPS CHALLENGE wants for its team members to lead a happy and fulfilled life so it has a good 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: SPACE APPS CHALLENGE 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, SPACE APPS CHALLENGE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: SPACE APPS CHALLENGE has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SPACE APPS CHALLENGE | Industry | Texas |
|---|---|---|---|
| 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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