Short-Term disability is fully company paid. On the 181st day of an extended illness, the LTD insurance will pick up if the employee is not fully recovered. The premium for this insurance is fully company-paid. During January, Concepts NREC's upper management and Board of Directors determine profit sharing availability and bonuses based on the company's financial health. Historically, the company has provided profit sharing and bonuses to a majority of employees on an annual basis, paid out in the first quarter of the following year.
Bonuses are merit based.
Profit sharing funds are contributed to, and distributed within, the retirement trust account based on employee's length of service and compensation levels. Employee contributions are made through payroll deduction. Company profit sharing and matching funds are subject to a seven-year vesting schedule. Concepts NREC reimburses educational costs, within minimal guidelines, at all educational levels, including all degree programs. Supervisors are encouraged to search out and recommend opportunities for employees to improve or grow, and employees are strongly encouraged to seek out opportunities for growth.