This report analyzes and compares US DEPARTMENT OF LABOR'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 LABOR 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 LABOR. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: US DEPARTMENT OF LABOR believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. US DEPARTMENT OF LABOR has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: US DEPARTMENT OF LABOR does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: US DEPARTMENT OF LABOR offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: US DEPARTMENT OF LABOR has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: US DEPARTMENT OF LABOR does not offer leadership programs.
- ONBOARDING: US DEPARTMENT OF LABOR offers a top-notch 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 LABOR knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to US DEPARTMENT OF LABOR.
- TUITION REIMBURSEMENT: US DEPARTMENT OF LABOR has a remarkable 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 LABOR.
Benefit | US DEPARTMENT OF LABOR | 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 LABOR offers first-class 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 LABOR's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: US DEPARTMENT OF LABOR has an outstanding counseling program for its employees and their family members. Team members are encouraged by US DEPARTMENT OF LABOR to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: US DEPARTMENT OF LABOR cares about its team members' dental health so it offers an exceptional 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: US DEPARTMENT OF LABOR provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: US DEPARTMENT OF LABOR 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: US DEPARTMENT OF LABOR has a superb 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 LABOR has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: US DEPARTMENT OF LABOR has a great telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. US DEPARTMENT OF LABOR can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: US DEPARTMENT OF LABOR provides a top-notch 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 | US DEPARTMENT OF LABOR | 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 LABOR offers first-class financial benefits for employees and their family members. A first-class 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 LABOR has an exceptional 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, US DEPARTMENT OF LABOR offers an exceptional 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, US DEPARTMENT OF LABOR offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: US DEPARTMENT OF LABOR has a superb 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 US DEPARTMENT OF LABOR.
- BONUS PAY: US DEPARTMENT OF LABOR has a great 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 LABOR does not offer childcare discount.
- COMMUTER BENEFIT: US DEPARTMENT OF LABOR offers exceptional commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: US DEPARTMENT OF LABOR 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: US DEPARTMENT OF LABOR 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: US DEPARTMENT OF LABOR has a superb 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: US DEPARTMENT OF LABOR realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why US DEPARTMENT OF LABOR has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: US DEPARTMENT OF LABOR believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why US DEPARTMENT OF LABOR offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: US DEPARTMENT OF LABOR has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | US DEPARTMENT OF LABOR | 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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