Health, dental, vision and basic life insurance policy for each FT employee.
Rock Haven covers 100% of employee cost; employee can add spouse (roughly same cost, deducted from pay) or children (each roughly ⅔ cost of adult, but may be cap on child cost) also deducted from pay
FT defined as working 35+ hours per week (with 6-month look back to find the average)
Important that we note that there is a 90-day wait period for benefits- this starts from the date of hire, or the date when the person starts working full time. After 90 days have passed, the employee can enroll as of the 1st of the next month.
Health plan selection through Gusto (easy to set up, Gusto is the broker of record, therefore easy to maintain and integrate with the general payroll system)
Health Benefits Cost- average of $314/ month
Providence Silver base plan
Max Out of Pocket $8,550
Some preventive care covered without paying the deductible
Dental Benefits Cost- average $40/ month
Vision Benefits Cost- average $10/ month
Life- Basic Life + Accidental Death & Dismemberment, $50,000 policy $11/ month
Total Benefit cost per employee per month- $375.00
All Team Members receive paid time off (PTO) in an amount commensurate with employment (full- vs. part-time) and position in the company. You are responsible to effectively manage your accrued time off and to request and accurately report any time taken. Familiarize yourself with the eligibility requirements, expectations and approvals for using and recording time off. You are accountable for planning appropriately for both the expected and the unexpected to ensure that you have accrued time off available for the entire calendar year. Managers and Team Members must balance business needs with Team Member requests for time off. Exempt Team Members use time off in full-day increments, and non-exempt Team Members use time off in hour increments.
Full Time Employees accrue PTO at a rate equal to their total contracted PTO allowance annually divided by the number of pay periods in the year (24).
Part Time Employees accrue PTO at a rate of 1 hour per 20 hours worked until they have accrued their full PTO balance for the calendar year; this is usually 40 hours annually and may be pro-rated depending on the employee date of hire (in the case of hire in the second half of the calendar year when all 40 hours cannot accrue before December 31)
PTO balances may be viewed at any time in the employee’s Gusto payroll account.
Employer-paid vacation time can differ between exempt and non-exempt employees. Exempt employees are expected to work whatever hours are necessary to complete a job. They may have more flexibility in their schedule and less supervision, as well. These employees are exempt from the overtime provisions of the Fair Labor Standards Act (FLSA). They're typically salaried workers.
Exempt employees in professional, technical, ormanagerial positions (such as software developers, HR staff, controllers, or marketing staff) may expect paid holidays to accompany their employment. Such employees are unlikely to accept positions in companies that don't offer paid time off for holidays.
Nonexempt employees aren't exempt from the provisions of the FLSA. They're typically required to track their time and be paid for overtime work. They may be paid hourly or they may receive a salary. They may be less likely to have paid holidays, or they may receive fewer paid holidays than their exempt or salaried colleagues.5
Part-time employees may receive some paid holidays, depending on the employer: For example, 79% of part-time employees received Labor Day as a paid holiday in 2018.