Eleven paid holiday days are provided each year: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and the day after Thanksgiving, Christmas, and four floating holidays. Holidays are subject to change. A list of dates which will be considered holidays during the year is published in December of the previous year and also appears on the vacation schedule sheet. During the first year of employment, new hires receive floating holidays on a per quarter basis: four if hired during the first quarter, three if hired during the second quarter, etc...
Long-Term Disability (LTD)
On the 181st day of an extended illness, the LTD insurance, currently through Sun Life, will pick up if the employee is not fully recovered and is accepted for coverage. Coverage is 66 2/3% of the employee's base salary. The premium for LTD is fully company-paid.
Worker's Compensation Insurance
As required by law, Concepts NREC carries appropriate worker's compensation insurance for job-related injuries or accidents. Worker's Compensation coverage is fully company-paid.
Employee Assistance Program
Concepts NREC provides an Employee Assistance Program (EAP), through Sun Life, whereby employees have access to mental health care providers and other professionals in times of personal or professional stress. Assistance for a wide variety of needs can be accessed through this program, including telephone, online, and face-to-face counseling.
401(k) (Retirement) Plan
With the exception of interns (students), coop, union or sabbatical academics, and lease employees, once eligible, new employees are automatically enrolled in the 401(k) Plan at a 5% contribution rate. Unless after receiving proper notice you elect otherwise, the employee contribution will automatically begin approximately 30 days after receiving the notification letter from the 401(k) investment company. Subject to government annual limits, employees may contribute up to 60% of gross income to the plan. The employee presently has more than a dozen fund choices from which to choose, plus online and 800# up-to-date account information is available.
Employee Owned (ESOP)
Effective January 1, 2012, Concepts NREC became an Employee Stock Ownership Plan company. See HR for details on the plan which also has a six-year vesting schedule.
Employees are strongly encouraged to pursue educational opportunities that will enable them to perform their jobs more effectively. Concepts NREC reimburses educational costs, within minimal guidelines, at all educational levels, including degree programs. Supervisors are encouraged to search out and recommend opportunities for employees to improve or grow. These opportunities, if recommended by a supervisor and approved, are paid for directly by the company at 100%. In addition, the company provides internal training opportunities for staff members at both special staff training sessions and Concepts NREC courses. Finally, membership in professional organizations is encouraged with the company paying for memberships, with limited restrictions.
Moving expenses are paid on a case-by-case basis for employees who are moving in order to take a position with the company. HR reviews moving cost quotations and may set limitations on total funding or specific items being moved, however the basic philosophy is for Concepts NREC to pay all normal moving expenses for the employee who moves within 30 miles of their working location. In addition, in unusual circumstances where the company has created additional expenses by requiring an individual to move into the area ahead of schedule, the company will contribute towards the cost of temporary housing, storage, and other living expenses until such time an employee and his/her family are settled in the area (generally limited to two months). Some moving reimbursements are considered taxable income for the employee, so check with the finance office and your tax advisor for tax implications.