This report analyzes and compares STANDFORD MEDICAL INFORMATICS' 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
STANDFORD MEDICAL INFORMATICS 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 STANDFORD MEDICAL INFORMATICS. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: STANDFORD MEDICAL INFORMATICS offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, STANDFORD MEDICAL INFORMATICS makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: STANDFORD MEDICAL INFORMATICS believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: STANDFORD MEDICAL INFORMATICS offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: STANDFORD MEDICAL INFORMATICS has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: STANDFORD MEDICAL INFORMATICS believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that STANDFORD MEDICAL INFORMATICS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: STANDFORD MEDICAL INFORMATICS does not offer onboarding.
- RECOGNITION PROGRAMS: STANDFORD MEDICAL INFORMATICS has a top-notch 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: STANDFORD MEDICAL INFORMATICS does not offer tuition reimbursement.
Benefit | STANDFORD MEDICAL INFORMATICS | 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
STANDFORD MEDICAL INFORMATICS has suitable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers suitable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a suitable healthcare spending account at their disposal.
- COUNSELING: STANDFORD MEDICAL INFORMATICS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch 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: STANDFORD MEDICAL INFORMATICS offers a solid 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: STANDFORD MEDICAL INFORMATICS offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: STANDFORD MEDICAL INFORMATICS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, STANDFORD MEDICAL INFORMATICS offers a suitable 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: STANDFORD MEDICAL INFORMATICS has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: STANDFORD MEDICAL INFORMATICS has implemented a superior telehealth policy for its members to use any time of the day, every single day. STANDFORD MEDICAL INFORMATICS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: STANDFORD MEDICAL INFORMATICS 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.
Benefit | STANDFORD MEDICAL INFORMATICS | 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
STANDFORD MEDICAL INFORMATICS 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: STANDFORD MEDICAL INFORMATICS 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 STANDFORD MEDICAL INFORMATICS 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, STANDFORD MEDICAL INFORMATICS provides resources which will help team members decide what to do with their 401(k) plan. STANDFORD MEDICAL INFORMATICS offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: STANDFORD MEDICAL INFORMATICS 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 STANDFORD MEDICAL INFORMATICS.
- BONUS PAY: STANDFORD MEDICAL INFORMATICS offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for STANDFORD MEDICAL INFORMATICS, and encourage others to do the same.
- CHILDCARE DISCOUNT: STANDFORD MEDICAL INFORMATICS does not offer childcare discount.
- COMMUTER BENEFIT: STANDFORD MEDICAL INFORMATICS 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: STANDFORD MEDICAL INFORMATICS offers an extraordinary 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: STANDFORD MEDICAL INFORMATICS has an excellent 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: STANDFORD MEDICAL INFORMATICS has a first-class 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: STANDFORD MEDICAL INFORMATICS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why STANDFORD MEDICAL INFORMATICS has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: STANDFORD MEDICAL INFORMATICS 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, STANDFORD MEDICAL INFORMATICS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: STANDFORD MEDICAL INFORMATICS has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | STANDFORD MEDICAL INFORMATICS | 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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