Vecna realizes that the people who make up our company are by far the most valuable resource we have. We are committed to providing the best benefits so our employees can enjoy a well–rounded lifestyle. For instance, we provide a very aggressive profit sharing program where team members earn internal shares and receive dividends. If at some point Vecna goes public, those profit sharing shares would be converted to actual stock.
We also recognize that our employees have commitments outside of work. We provide flexible work schedules, paid holidays, and leave so our employees can balance their work life with their home life.
Vecna is concerned about the present and future of its employees. Vecna pays 100% of healthcare coverage which includes comprehensive medical, dental, and vision plans so our employees can enjoy a full quality of life now, and a 401K plan so they can continue that quality of life in the future.
These are just a few of the benefits we offer. If you are thinking of a benefit you don't see here, please feel free to ask our HR Department.
Profit Sharing
Vecna believes that employees should be rewarded for the company's success. Therefore, Vecna offers an extremely aggressive profit sharing program for its employees. Currently approximately 40% of the company's net profit is distributed directly to employees through the profit sharing program. Profit distribution occurs on June 15th and December 15th each year. The program works on the principal of internal "points." Distribution is based on the following formula:
Performance x Responsibility = number of pointsPerformance - evaluated by four groups: management, peer, client, and self.
Responsibility - measured by level of responsibility, and additional accepted responsibilities (project manager, mentor, etc.).
Dividend per Point = Profits Available for Distribution/Total Number of Points.
401k
Matching: 100% on the first 3% of salary that the employee contributes, and 50% on the next 2% of salary. The 401k program is an extremely effective way for employees to save for retirement, as the money is taken out before taxes — and Vecna handsomely rewards its employees for helping to build their own retirement nest eggs.
Eligibility: Enrollment is offered to all Vecna Team members and employees are 100% vested on their first day of employment.
Limit: Employees may contribute up to $15,000 of their pre-tax income in 2009.
Leave
Other than the minimum requirement of four hours per weekday sometime between 8 AM and 6 PM you are generally free to set your own schedule as long as you meet a 40 hour minimum for the week.
LeaveUsing the Vecna leave system, an employee can actually take over 35 days off work per year. Leave time is used for holidays, sick days, and personal time off. Vecna provides a generous 200 hours (25 full leave days) which accumulate in your leave bank at 8 hours and 20 minutes (1.04 days) per pay period. However, combined with the four hour time minimum of the Extreme Flextime mentioned above, the 25 leave days can be stretched to an amazing 35 full days of time off. Unused leave (up to 25 days) does roll over to the next year.
Maternity LeaveIn accordance with the Family and Medical Leave Act, employees may take up to twelve weeks leave conditioned upon the following:
The employee must have been employed by Vecna for at least one year prior to the date of requested leave. If the employee has worked less than one year, they are allowed 6 weeks leave.
Employees must use any accrued leave as part of the twelve week leave, with understanding that any days taken over the amount of earned leave will be unpaid.
Life Insurance & Disability
All Vecna full time employees are covered with $50,000 of life insurance, short & long term disability and optional additional group life insurance for themselves, their spouse and dependents.
Medical/Vision
Vecna has partnered with United Health Care and Hirsch Financial Services to provide a generous and comprehensive medical plan and Health Reimbursement Account (HRA). Vecna has elected to pay 100% of the family premium for PPO family medical, prescription, and vision. The HRA account, which is also fully funded by Vecna, also covers any copays and most other patient medical, dental, vision, or prescription expenses. (The account funds surpass the needs of most participants.)
Dental
Provider: Sun Life Financial using the Aetna network of Dentists. Employees contribute a small portion towards the Dental Premium
Type of Service: PPO
Eligibility: Coverage begins on the 1st day of employment.
