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Benefits |
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| VigiBoss benefits plans are designed to keep employees—our most important asset—healthy and productive. Our benefits are generous and personalized, in many cases letting employees choose the options that are right for themselves and their family. VigiBoss offers highly competitive benefits and perks to our employees. At VigiBoss, we value your hard work, and the incentives continue once you are on board. We continue to motivate, encourage and reward you for your efforts. Benefits and perks are an important part of the total compensation package. |
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| U.S. Benefits: Our benefits are designed to be competitive in our industry based on local market practices, legal and statutory requirements. We pride ourselves on going beyond the industry benchmark. Medical, Dental and Vision: Medical, dental, and vision insurance are provided to all full-time employees who work 30 or more hours per week. Insurance is also provided to their eligible dependents, if dependent coverage is elected. Medical coverage is provided through HMO. Dental coverage is provided through Principal Dental. Vision coverage is provided through VSP. Full-time employees become eligible for medical, dental, and vision insurance benefits on their first day of employment. Employees working fewer than 30 hours per week on a regularly scheduled basis are not eligible for medical, dental, or vision insurance. Flexible Spending Account: This plan allows employees to pay for medical and dependent care expenses using pre-tax income, thus avoiding federal, state and social security taxes on those amounts. Employees may elect to contribute pre-tax dollars into the plan. Life Insurance: Upon hire and after acceptance by the insurance carrier, employees are automatically enrolled in Vigiboss's Group Life Insurance plan. The policy provides a benefit of two time’s base annual earnings plus $15,000, up to a maximum of $515,000. The same coverage in benefits also applies for accidental death and dismemberment (AD&D). Disability Insurance: Short-term: Benefits due to injury, illness or pregnancy are payable at an amount of 70 percent of weekly base earnings to a maximum of $3,464 per week, less any amounts received under state disability. Benefits begin on the 15th day of disability up to a maximum period of 11 weeks. Long-term: Benefits due to illness or injury are payable at an amount of approximately 60 percent of base monthly earnings to a monthly maximum of $15,000. Benefits begin after completing a 90-day waiting period and continue as long as the employee remains disabled and requires the regular attendance of a physician, until age 65. 401(k): This is a salary reduction plan which allows employees to reduce their compensation and have the amounts contributed into a savings plan, tax free, to accumulate for retirement. The contributions can be invested in a variety of methods of your choice. Holidays: VIGIBOSS grants a minimum of ten paid calendar holidays. Employees hired prior to June 30 will be granted two Floating Holidays. Employees hired between July 1 and September 30 will be granted one Floating Holiday. Floating Holidays cannot be carried forward into the following year and they are not convertible to cash. Flexible Time off (FTO): Flexible Time Off accrues on the last day of each calendar month, beginning from the date of hire according to the schedule below. The accrual of FTO is prorated for the first month of employment if the start date is not the first working day of the month. Credited Years of Service Years FTO Ear ned First through fourth years 1 to 4 weeks Perks: Educational Assistance VigiBoss provides financial assistance in the continuing education of employees. Course work will be considered for approval and reimbursement if it is related to the employee's present or probable next position with VigiBoss, or if it is required as part of a program leading to a job-related degree. Reimbursement will be given to regular, full-time employees after completion of 90 days of employment. Employees enrolled in degree programs prior to their hire date are not eligible for tuition reimbursement for completion of their regular program, unless approved in writing at the time of hire. Bonus and Incentive Programs: VigiBoss offers a number of bonus and incentive programs to its employees to encourage and reward their efforts. These include an Annual Company Incentive Plan, Performance Bonuses, Special Recognition Awards, Patent Awards, and Referral Bonuses, to name just a few. |
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