This report analyzes and compares VANTAGE DRILLING INTERNATIONAL'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
VANTAGE DRILLING INTERNATIONAL has remarkable 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 VANTAGE DRILLING INTERNATIONAL. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: VANTAGE DRILLING INTERNATIONAL continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that VANTAGE DRILLING INTERNATIONAL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: VANTAGE DRILLING INTERNATIONAL does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: excellent development resources are what allows VANTAGE DRILLING INTERNATIONAL to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: VANTAGE DRILLING INTERNATIONAL has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: VANTAGE DRILLING INTERNATIONAL offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by VANTAGE DRILLING INTERNATIONAL to grow as leaders and learn how to make tough calls.
- ONBOARDING: VANTAGE DRILLING INTERNATIONAL offers a first-class 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: VANTAGE DRILLING INTERNATIONAL 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: VANTAGE DRILLING INTERNATIONAL 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 | VANTAGE DRILLING INTERNATIONAL | 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
VANTAGE DRILLING INTERNATIONAL 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 VANTAGE DRILLING INTERNATIONAL's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: VANTAGE DRILLING INTERNATIONAL does not offer counseling.
- DENTAL PLAN: VANTAGE DRILLING INTERNATIONAL 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: VANTAGE DRILLING INTERNATIONAL offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, VANTAGE DRILLING INTERNATIONAL offers solid health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: VANTAGE DRILLING INTERNATIONAL has a superior 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: VANTAGE DRILLING INTERNATIONAL has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: VANTAGE DRILLING INTERNATIONAL has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. VANTAGE DRILLING INTERNATIONAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: VANTAGE DRILLING INTERNATIONAL has an extraordinary 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 | VANTAGE DRILLING INTERNATIONAL | 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
VANTAGE DRILLING INTERNATIONAL offers top-notch financial benefits for employees and their family members. A top-notch 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: VANTAGE DRILLING INTERNATIONAL knows how important it is to think about retirement and start saving on time. That's why it offers a good 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 VANTAGE DRILLING INTERNATIONAL 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, VANTAGE DRILLING INTERNATIONAL provides resources which will help team members decide what to do with their 401(k) plan. VANTAGE DRILLING INTERNATIONAL offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: VANTAGE DRILLING INTERNATIONAL 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 VANTAGE DRILLING INTERNATIONAL.
- BONUS PAY: VANTAGE DRILLING INTERNATIONAL offers superb bonuses to team members who excel in their field of work, provide extraordinary results for VANTAGE DRILLING INTERNATIONAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: VANTAGE DRILLING INTERNATIONAL has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: VANTAGE DRILLING INTERNATIONAL acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: VANTAGE DRILLING INTERNATIONAL offers an outstanding 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: VANTAGE DRILLING INTERNATIONAL offers a superb 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: VANTAGE DRILLING INTERNATIONAL offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: VANTAGE DRILLING INTERNATIONAL wants for its team members to lead a happy and fulfilled life so it has a solid 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: VANTAGE DRILLING INTERNATIONAL believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why VANTAGE DRILLING INTERNATIONAL offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: VANTAGE DRILLING INTERNATIONAL has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | VANTAGE DRILLING INTERNATIONAL | 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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