This report analyzes and compares THE BOSTON BEER COMPANY (SAMUEL ADAMS)'s employee health insurance and employee benefits with its industry and in Massachusetts 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
THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. THE BOSTON BEER COMPANY (SAMUEL ADAMS) believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, THE BOSTON BEER COMPANY (SAMUEL ADAMS) makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: THE BOSTON BEER COMPANY (SAMUEL ADAMS) does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows THE BOSTON BEER COMPANY (SAMUEL ADAMS) to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: THE BOSTON BEER COMPANY (SAMUEL ADAMS) has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: THE BOSTON BEER COMPANY (SAMUEL ADAMS) does not offer leadership programs.
- ONBOARDING: THE BOSTON BEER COMPANY (SAMUEL ADAMS) does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, THE BOSTON BEER COMPANY (SAMUEL ADAMS) implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: THE BOSTON BEER COMPANY (SAMUEL ADAMS) has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at THE BOSTON BEER COMPANY (SAMUEL ADAMS).
Benefit | THE BOSTON BEER COMPANY (SAMUEL ADAMS) | Industry | Massachusetts |
|---|---|---|---|
| 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
THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers top-notch 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 THE BOSTON BEER COMPANY (SAMUEL ADAMS)'s top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: THE BOSTON BEER COMPANY (SAMUEL ADAMS) wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superb 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 THE BOSTON BEER COMPANY (SAMUEL ADAMS) have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. THE BOSTON BEER COMPANY (SAMUEL ADAMS) partially pays for dentures and braces as well.
- HEALTH INSURANCE: THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: THE BOSTON BEER COMPANY (SAMUEL ADAMS) is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers an extraordinary 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: THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: THE BOSTON BEER COMPANY (SAMUEL ADAMS) does not offer telehealth.
- VISION PLAN: THE BOSTON BEER COMPANY (SAMUEL ADAMS) 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 | THE BOSTON BEER COMPANY (SAMUEL ADAMS) | Industry | Massachusetts |
|---|---|---|---|
| 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
THE BOSTON BEER COMPANY (SAMUEL ADAMS) 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: THE BOSTON BEER COMPANY (SAMUEL ADAMS) 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. THE BOSTON BEER COMPANY (SAMUEL ADAMS) 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 THE BOSTON BEER COMPANY (SAMUEL ADAMS) has Matching program that matches 75% of employees' contributions. Whatever THE BOSTON BEER COMPANY (SAMUEL ADAMS) contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave THE BOSTON BEER COMPANY (SAMUEL ADAMS). Recognizing that every team member is unique, with specific needs and goals, THE BOSTON BEER COMPANY (SAMUEL ADAMS) keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: THE BOSTON BEER COMPANY (SAMUEL ADAMS) has a solid Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers superior bonuses to team members who excel in their field of work, provide extraordinary results for THE BOSTON BEER COMPANY (SAMUEL ADAMS), and encourage others to do the same.
- CHILDCARE DISCOUNT: THE BOSTON BEER COMPANY (SAMUEL ADAMS) cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: THE BOSTON BEER COMPANY (SAMUEL ADAMS) has a suitable 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: THE BOSTON BEER COMPANY (SAMUEL ADAMS) 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: THE BOSTON BEER COMPANY (SAMUEL ADAMS) 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: THE BOSTON BEER COMPANY (SAMUEL ADAMS) has a top-notch 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: THE BOSTON BEER COMPANY (SAMUEL ADAMS) realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why THE BOSTON BEER COMPANY (SAMUEL ADAMS) has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: THE BOSTON BEER COMPANY (SAMUEL ADAMS) believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why THE BOSTON BEER COMPANY (SAMUEL ADAMS) offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: THE BOSTON BEER COMPANY (SAMUEL ADAMS) has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | THE BOSTON BEER COMPANY (SAMUEL ADAMS) | Industry | Massachusetts |
|---|---|---|---|
| 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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