This report analyzes and compares TRAVELERS INSURANCE'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
TRAVELERS INSURANCE offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. TRAVELERS INSURANCE believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: TRAVELERS INSURANCE offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, TRAVELERS INSURANCE makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: TRAVELERS INSURANCE does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: TRAVELERS INSURANCE encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, TRAVELERS INSURANCE supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: TRAVELERS INSURANCE does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: TRAVELERS INSURANCE is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, TRAVELERS INSURANCE ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: TRAVELERS INSURANCE is aware of the difficulties that new employees might experience when they join the team. That's why TRAVELERS INSURANCE has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: TRAVELERS INSURANCE 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 TRAVELERS INSURANCE.
- TUITION REIMBURSEMENT: TRAVELERS INSURANCE does not offer tuition reimbursement.
Benefit | TRAVELERS INSURANCE | 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
TRAVELERS INSURANCE has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good 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 good healthcare spending account at their disposal.
- COUNSELING: TRAVELERS INSURANCE 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: TRAVELERS INSURANCE 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: TRAVELERS INSURANCE offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: TRAVELERS INSURANCE 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. TRAVELERS INSURANCE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, TRAVELERS INSURANCE offers a great 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: Aware of the challenges that come with pregnancy, TRAVELERS INSURANCE has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: TRAVELERS INSURANCE does not offer telehealth.
- VISION PLAN: TRAVELERS INSURANCE provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | TRAVELERS INSURANCE | 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
TRAVELERS INSURANCE offers superb financial benefits for employees and their family members. A superb 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: TRAVELERS INSURANCE has an outstanding 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, TRAVELERS INSURANCE offers an outstanding program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, TRAVELERS INSURANCE offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: TRAVELERS INSURANCE has an outstanding Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: TRAVELERS INSURANCE has a solid 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: TRAVELERS INSURANCE has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: TRAVELERS INSURANCE acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TRAVELERS INSURANCE 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: TRAVELERS INSURANCE 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: TRAVELERS INSURANCE offers a great life insurance policy to its team members for an affordable price. TRAVELERS INSURANCE 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: TRAVELERS INSURANCE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why TRAVELERS INSURANCE has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: TRAVELERS INSURANCE believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why TRAVELERS INSURANCE offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: TRAVELERS INSURANCE has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TRAVELERS INSURANCE | 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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