Medical Premium Subsidy
Employees earning less than $50,000 are eligible for a subsidy for their medical coverage premium payments. Employees enrolled in our C&F medical plan that earn less than $50,000 will have a subsidy of $50 per month added to their pay.
Long-Term Care Insurance
Redwoods provides all employees free long-term care insurance coverage of $3,000 per month for a three-year term. Additional coverage is available for a fee, as well as coverage for the employee’s spouse, children over 18, as well as siblings, parents, parents-in-law and grandparents under the age of 80.
HSA / FSA
We offer health savings accounts for medical expenses, and flexible spending accounts for dependent care reimbursement.
Employee Assistance Program
Our Employee Assistance Program helps Redwoods employees address problems that affect their lives and health, including family marital and parenting issues, health and medical information, financial and legal concerns, child care and elder care resource referrals, substance abuse and addictions, personal safety and violence issues, information about self-care and illness/disease prevention, as well as grief, depression and stress issues. This program is free of charge to all employees and their immediate family members (i.e. spouse, children and parents living in the employee’s home).
Life & Disability Insurance
We provide life and accidental death and dismemberment (AD&D) insurance for regular full-time employees up to 2.5 times their annual salary. We also provide short-term and long-term disability coverage.
Retirement Program /401(k)
Redwoods believes in investing for the future. Both full and part-time employees are eligible to participate in our 401(k) program. We currently offer a match of 75% on the first 6% of deferred compensation.
Employee Stock Purchase Plan
Redwoods offers an Employee Share Purchase Plan Program to full-time employees and will match 30% of employee contributions up to a 10% deferral in the plan.
Redwoods also helps employees increase their job knowledge by pursuing courses of study that advance their careers within the company. Eligible employees may be reimbursed 100% of the reasonable cost of tuition for the courses taken at degree-granting institutions with up to $3,000 per calendar year.
College Tuition for Dependents
After one year of service, employees qualify for a scholarship program that provides up to $6,700 per year toward the cost of higher education for their children. This makes enrollment in many public universities available to the children of Redwoods employees.
College Savings Program
In addition to tuition, Redwoods provides a 50% match for employee contributions to select 529 college education savings programs, up to 6% of annual salary. This is extremely rare among employers in North Carolina. We also make a one-time gift of $500 when employees or their spouses give birth or adopt a child. The direct gift goes into a 529 savings account or a savings bond.
Unlimited Paid Time Off
Redwoods has 12 paid holidays where our offices are closed. We have implemented a responsible time off program, where employees are allowed to take whatever time they need for rest or recovery, or to care for themselves or their family—as long as their work is getting done. We do believe that self-care is important, which is why all employees are required to take a minimum of 15 days off, in addition to paid holidays.
Volunteer Time Off
Our commitment to our communities is supported at all levels of the organization. We consider community support an essential priority of a socially responsible organization. In order to truly live our mission, all employees are required to serve 40 hours of their time per year in the communities in which they work and live. This has been a minimum requirement of our employees since 2005. The 40 hours must be completed during business hours, and employees are paid for their time off.
Charitable Match Program
Redwoods is committed to making a difference in our communities through financial giving. Redwoods encourages its employees to contribute individual donations to designated U.S. Based 501(c)3 charitable organizations across the globe. To maximize the effects of charitable giving, Redwoods matches employee contributions by 100%, up to $10,000 per employee, per year. We also make a $25 donation to eligible non-profits for every hour an employee volunteers for them outside of work hours.