Poco benefits include medical, dental, and 401K. Employees also receive paid holidays and sick days. They can use the company gym and enjoy discounts on food and drinks.
Poco benefits include the ability to earn a good salary. The company offers competitive salaries in comparison to Everything Industrial. The average salary at poco is $85,787 per year.
2. Dental Insurance
Dental insurance or dental plans help pay a portion of associated costs for preventive and diagnostic care such as cleanings and X-rays. It can also cover major procedures such as crowns, implants and dentures.
Individual dental plans are usually available through the state health exchange and through private companies. These are often cheaper than group dental coverage, but may have different limits and exclusions.
Some dental plans use tables or schedules of allowance to determine a dollar amount that the plan will pay for covered services, regardless of the dentist’s fee. Other dental plans may use a network of dentists that contract with the insurer to provide certain treatments at negotiated fees. These are called preferred provider organization (PPO) plans. Still others are based on capitation and pay contracted dentists a set monthly amount per enrolled patient.
3. Paid Time Off
Paid Time Off (PTO) provides staff with time off to attend personal events such as vacation, sick leave or funeral attendance. Full-time exempt and non-exempt non-union PAO and PAU staff members earn 30 days of PTO per year. After five years of service, this increases to 36 days of PTO per year. The amount of PTO earned is based on your salary plan and the university’s Paid Time Off policy. You may carry over unused PTO to the next calendar year, but no more than your annual entitlement. Unused PTO will be paid out at the time of separation from the university. For more information see the PTO Policy.
Duke offers 14 paid holidays to staff members who are regularly scheduled to work 20 hours or more per week. Unionized employees should refer to their respective union contracts for holiday eligibility and accrual guidelines.
4. Paid Holidays
Often seen as an important part of any compensation package, paid holidays are days off with pay that employers may choose to give their employees. They are normally associated with federally recognized holidays like New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas.
Insperity reports that it is becoming increasingly competitive for companies to offer paid holiday benefits, but it is a great way to show employees your organization values them. When team members feel your business cares about them outside of work, they can be more apt to stay loyal and produce better work for the company.
While there is no legal requirement for businesses to provide their employees with paid holidays, most do as a matter of good business practice. Some businesses also allow their salaried employees to take holiday time off without being paid overtime, while hourly workers continue to receive overtime if they work on a designated employer-paid holiday.
401(k)s are employer-sponsored retirement savings plans that allow employees to choose how much of their paycheck will be diverted into the account, and what assets they’ll invest in. Some employers will match a certain percentage of the employee’s contribution. The money invested in a 401(k) is typically tax-deductible. However, any withdrawals from the account before age 59 are subject to taxes and penalties.
In addition, most 401(k) plans will allow for loans of up to 50% of the employee’s vested balance (along with interest). However, if you decide to take a loan, it must be repaid within five years or else the money becomes considered a taxable withdrawal. Your employer may also limit how much you can borrow.