This report analyzes and compares WATSCO's employee health insurance and employee benefits with its industry and in Florida State.

COMPARE WATSCO'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

WATSCO offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. WATSCO 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: WATSCO offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, WATSCO makes sure that every single team member takes the full advantage of remarkable career planning programs.
  • COACHING AND MENTORING: By using a great coaching and mentoring program, WATSCO can determine what should every team member focus on to grow and increase productivity.
  • DEVELOPMENT RESOURCES: impressive development resources are what allows WATSCO to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
  • GED REIMBURSEMENT: WATSCO has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
  • LEADERSHIP PROGRAMS: WATSCO is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, WATSCO ensures that team members with a potential for becoming leaders can achieve their goals.
  • ONBOARDING: WATSCO does not offer onboarding.
  • RECOGNITION PROGRAMS: WATSCO has a superior 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: WATSCO has a solid Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
WATSCO's career benefits comparison table

Benefit

WATSCO

Industry

Florida

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

WATSCO offers superior 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 WATSCO's superior maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: WATSCO has an exceptional counseling program for its employees and their family members. Team members are encouraged by WATSCO 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 exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
  • DENTAL PLAN: Team members at WATSCO 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. WATSCO partially pays for dentures and braces as well.
  • HEALTH INSURANCE: WATSCO provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
  • HEALTH PLAN INCENTIVES: WATSCO is aware of the fact that a healthy employee is a productive employee so it offers outstanding 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: WATSCO 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, WATSCO has created a superb maternity support program to support its expecting team members.
  • TELEHEALTH: WATSCO does not offer telehealth.
  • VISION PLAN: WATSCO 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.
WATSCO's healthcare benefits comparison table

Benefit

WATSCO

Industry

Florida

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

WATSCO 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: WATSCO knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 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 WATSCO 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, WATSCO provides resources which will help team members decide what to do with their 401(k) plan. WATSCO offers a valuable vesting schedule with a gradual increase of 25% per year.
  • ADOPTION ASSISTANCE REIMBURSEMENT: WATSCO does not offer adoption assistance reimbursement.
  • BONUS PAY: WATSCO 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: WATSCO cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
  • COMMUTER BENEFIT: WATSCO acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: WATSCO 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: WATSCO has a great 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 great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: WATSCO has a first-class 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: WATSCO has an extraordinary 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: WATSCO has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, WATSCO stimulates its team members to use two paid days every quartal for volunteering purposes.
  • PARENTAL LEAVE: WATSCO has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
WATSCO's financial benefits comparison table

Benefit

WATSCO

Industry

Florida

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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