Although the federal government does institute guidelines and enforces laws to protect employees’ rights, the distinctive policies, the percentages of coverage, and the types of benefits offered are left to the discretion of the companies themselves. Taking this into consideration, corporations are doing everything in their power to attract and retain their workforces. With such competitive benefits plans and additional incentives available, the job-seeking professional has an interesting choice to make.
Each year, in the evaluation process for determining the 50 top companies, we investigate and compare these benefits and incentives. Part of our selection is based on data from the LATINA Style 50 evaluations and outside research conducted to better comprehend mandated and voluntary benefits programs.
Because many of the benefits are optional and a standard package doesn’t really exist, the companies featured in the above chart were compared to other LATINA Style 50 companies and evaluated even further. By using this filtering method, we were able to demonstrate which companies offered the most impressive benefits packages. The benefits plans consist of premium health insurance coverage of over 75% paid by the company for employees and families, personal leave options in addition to FMLA criteria, multiple retirement policies including 401K, several alternative work options, annual scholarships for employees’ children, and childcare facilities and subsidies. Exclusive incentives include profit sharing and monetary or recognition awards, job retraining, and continuous education reimbursements.
In our research, we have discovered that the top 50 companies are committed to offering their employees unique and competitive benefits packages, and we are pleased to share them here with you. Join us again as we feature coverage of the LATINA Style 50 Best Practices in Diversity Conference and Awards Ceremony in our March/ April issue.