This report analyzes and compares US DEPARTMENT OF COMMERCE's employee health insurance and employee benefits with its industry and in DC 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
US DEPARTMENT OF COMMERCE 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 US DEPARTMENT OF COMMERCE. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: US DEPARTMENT OF COMMERCE offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, US DEPARTMENT OF COMMERCE makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: US DEPARTMENT OF COMMERCE believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: US DEPARTMENT OF COMMERCE encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, US DEPARTMENT OF COMMERCE supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: US DEPARTMENT OF COMMERCE has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: US DEPARTMENT OF COMMERCE believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that US DEPARTMENT OF COMMERCE provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: US DEPARTMENT OF COMMERCE offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: US DEPARTMENT OF COMMERCE has a remarkable 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: US DEPARTMENT OF COMMERCE has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at US DEPARTMENT OF COMMERCE.
Benefit | US DEPARTMENT OF COMMERCE | Industry | DC |
|---|---|---|---|
| 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
US DEPARTMENT OF COMMERCE offers superb 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 US DEPARTMENT OF COMMERCE's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: US DEPARTMENT OF COMMERCE does not offer counseling.
- DENTAL PLAN: Team members at US DEPARTMENT OF COMMERCE 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. US DEPARTMENT OF COMMERCE partially pays for dentures and braces as well.
- HEALTH INSURANCE: US DEPARTMENT OF COMMERCE offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: US DEPARTMENT OF COMMERCE does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: US DEPARTMENT OF COMMERCE has a first-class healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, US DEPARTMENT OF COMMERCE has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: US DEPARTMENT OF COMMERCE has an outstanding telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: US DEPARTMENT OF COMMERCE has an impressive 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 | US DEPARTMENT OF COMMERCE | Industry | DC |
|---|---|---|---|
| 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
US DEPARTMENT OF COMMERCE 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: US DEPARTMENT OF COMMERCE has a top-notch 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. US DEPARTMENT OF COMMERCE 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 top-notch US DEPARTMENT OF COMMERCE has Matching program that matches 75% of employees' contributions. Whatever US DEPARTMENT OF COMMERCE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave US DEPARTMENT OF COMMERCE. Recognizing that every team member is unique, with specific needs and goals, US DEPARTMENT OF COMMERCE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: US DEPARTMENT OF COMMERCE does not offer adoption assistance reimbursement.
- BONUS PAY: US DEPARTMENT OF COMMERCE 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: US DEPARTMENT OF COMMERCE does not offer childcare discount.
- COMMUTER BENEFIT: US DEPARTMENT OF COMMERCE 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: US DEPARTMENT OF COMMERCE has a good daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: US DEPARTMENT OF COMMERCE has an exceptional 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: US DEPARTMENT OF COMMERCE offers an excellent life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: US DEPARTMENT OF COMMERCE wants for its team members to lead a happy and fulfilled life so it has a valuable 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: US DEPARTMENT OF COMMERCE recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by US DEPARTMENT OF COMMERCE, on volunteer work of their choice.
- PARENTAL LEAVE: US DEPARTMENT OF COMMERCE has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | US DEPARTMENT OF COMMERCE | Industry | DC |
|---|---|---|---|
| 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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