This report analyzes and compares WRIGHT MEDICAL GROUP's employee health insurance and employee benefits with its industry and in Tennessee 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
WRIGHT MEDICAL GROUP 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 WRIGHT MEDICAL GROUP. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: WRIGHT MEDICAL GROUP believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. WRIGHT MEDICAL GROUP has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: WRIGHT MEDICAL GROUP does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: WRIGHT MEDICAL GROUP 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: WRIGHT MEDICAL GROUP has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: WRIGHT MEDICAL GROUP offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by WRIGHT MEDICAL GROUP to grow as leaders and learn how to make tough calls.
- ONBOARDING: WRIGHT MEDICAL GROUP is aware of the difficulties that new employees might experience when they join the team. That's why WRIGHT MEDICAL GROUP has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, WRIGHT MEDICAL GROUP implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WRIGHT MEDICAL GROUP 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 WRIGHT MEDICAL GROUP.
Benefit | WRIGHT MEDICAL GROUP | Industry | Tennessee |
|---|---|---|---|
| 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
WRIGHT MEDICAL GROUP 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 WRIGHT MEDICAL GROUP's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WRIGHT MEDICAL GROUP wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior 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: WRIGHT MEDICAL GROUP cares about its team members' dental health so it offers an impressive 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: WRIGHT MEDICAL GROUP offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: WRIGHT MEDICAL GROUP offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. WRIGHT MEDICAL GROUP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, WRIGHT MEDICAL GROUP offers a great healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, WRIGHT MEDICAL GROUP has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: WRIGHT MEDICAL GROUP does not offer telehealth.
- VISION PLAN: WRIGHT MEDICAL GROUP provides a superior 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 | WRIGHT MEDICAL GROUP | Industry | Tennessee |
|---|---|---|---|
| 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
WRIGHT MEDICAL GROUP 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: WRIGHT MEDICAL GROUP 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 WRIGHT MEDICAL GROUP 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, WRIGHT MEDICAL GROUP provides resources which will help team members decide what to do with their 401(k) plan. WRIGHT MEDICAL GROUP offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: WRIGHT MEDICAL GROUP has a valuable Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: WRIGHT MEDICAL GROUP has a suitable 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: WRIGHT MEDICAL GROUP cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: WRIGHT MEDICAL GROUP 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: WRIGHT MEDICAL GROUP offers an exceptional 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: WRIGHT MEDICAL GROUP 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: WRIGHT MEDICAL GROUP offers a solid life insurance policy to its team members for an affordable price. WRIGHT MEDICAL GROUP participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: WRIGHT MEDICAL GROUP realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why WRIGHT MEDICAL GROUP has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: WRIGHT MEDICAL GROUP does not offer paid volunteer time off.
- PARENTAL LEAVE: WRIGHT MEDICAL GROUP has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WRIGHT MEDICAL GROUP | Industry | Tennessee |
|---|---|---|---|
| 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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