This report analyzes and compares VENTURE FACTORY's employee health insurance and employee benefits with its industry and in Utah State.

COMPARE VENTURE FACTORY'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

VENTURE FACTORY has superb 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 VENTURE FACTORY. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: VENTURE FACTORY continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that VENTURE FACTORY uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: VENTURE FACTORY offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
  • DEVELOPMENT RESOURCES: VENTURE FACTORY offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
  • GED REIMBURSEMENT: VENTURE FACTORY has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
  • LEADERSHIP PROGRAMS: VENTURE FACTORY does not offer leadership programs.
  • ONBOARDING: VENTURE FACTORY is aware of the difficulties that new employees might experience when they join the team. That's why VENTURE FACTORY has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
  • RECOGNITION PROGRAMS: VENTURE FACTORY knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to VENTURE FACTORY.
  • TUITION REIMBURSEMENT: VENTURE FACTORY 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 VENTURE FACTORY.
VENTURE FACTORY's career benefits comparison table

Benefit

VENTURE FACTORY

Industry

Utah

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

VENTURE FACTORY has great health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers great 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 great healthcare spending account at their disposal.

  • COUNSELING: VENTURE FACTORY 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: VENTURE FACTORY 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: VENTURE FACTORY offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
  • HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, VENTURE FACTORY offers great 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: VENTURE FACTORY 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: VENTURE FACTORY has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
  • TELEHEALTH: VENTURE FACTORY does not offer telehealth.
  • VISION PLAN: VENTURE FACTORY offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
VENTURE FACTORY's healthcare benefits comparison table

Benefit

VENTURE FACTORY

Industry

Utah

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

VENTURE FACTORY 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: VENTURE FACTORY knows how important it is to think about retirement and start saving on time. That's why it offers a great 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 VENTURE FACTORY 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, VENTURE FACTORY provides resources which will help team members decide what to do with their 401(k) plan. VENTURE FACTORY offers a great vesting schedule with a gradual increase of 25% per year.
  • ADOPTION ASSISTANCE REIMBURSEMENT: VENTURE FACTORY 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 VENTURE FACTORY.
  • BONUS PAY: VENTURE FACTORY has an exceptional bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
  • CHILDCARE DISCOUNT: VENTURE FACTORY does not offer childcare discount.
  • COMMUTER BENEFIT: VENTURE FACTORY offers extraordinary 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: VENTURE FACTORY offers an impressive 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: VENTURE FACTORY 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: VENTURE FACTORY has a remarkable 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: VENTURE FACTORY has an impressive vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
  • PAID VOLUNTEER TIME OFF: VENTURE FACTORY has a first-class volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, VENTURE FACTORY stimulates its team members to use two paid days every quartal for volunteering purposes.
  • PARENTAL LEAVE: VENTURE FACTORY has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
VENTURE FACTORY's financial benefits comparison table

Benefit

VENTURE FACTORY

Industry

Utah

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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