This report analyzes and compares TGI FRIDAY'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
TGI FRIDAY'S has superior 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 TGI FRIDAY'S. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: TGI FRIDAY'S offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, TGI FRIDAY'S makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a great coaching and mentoring program, TGI FRIDAY'S can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows TGI FRIDAY'S to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: TGI FRIDAY'S has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: TGI FRIDAY'S offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by TGI FRIDAY'S to grow as leaders and learn how to make tough calls.
- ONBOARDING: TGI FRIDAY'S does not offer onboarding.
- RECOGNITION PROGRAMS: TGI FRIDAY'S 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: TGI FRIDAY'S has a good Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | TGI FRIDAY'S | 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
TGI FRIDAY'S 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 TGI FRIDAY'S's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TGI FRIDAY'S does not offer counseling.
- DENTAL PLAN: TGI FRIDAY'S 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: TGI FRIDAY'S offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: TGI FRIDAY'S does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: TGI FRIDAY'S offers an outstanding 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: TGI FRIDAY'S offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: TGI FRIDAY'S does not offer telehealth.
- VISION PLAN: TGI FRIDAY'S 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 | TGI FRIDAY'S | 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
Team members enjoy suitable financial benefits at TGI FRIDAY'S. 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. TGI FRIDAY'S offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect TGI FRIDAY'S to partially cover the expenses.
- 401(K) PLAN: TGI FRIDAY'S 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 TGI FRIDAY'S 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, TGI FRIDAY'S provides resources which will help team members decide what to do with their 401(k) plan. TGI FRIDAY'S offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: TGI FRIDAY'S has a remarkable 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 TGI FRIDAY'S.
- BONUS PAY: TGI FRIDAY'S has an excellent bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: TGI FRIDAY'S does not offer childcare discount.
- COMMUTER BENEFIT: TGI FRIDAY'S has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TGI FRIDAY'S offers a superior daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: TGI FRIDAY'S has a suitable 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 suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: TGI FRIDAY'S offers a suitable life insurance policy to its team members for an affordable price. TGI FRIDAY'S 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: TGI FRIDAY'S 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: TGI FRIDAY'S has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, TGI FRIDAY'S stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: TGI FRIDAY'S has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TGI FRIDAY'S | 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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