Philadelphia, PA – Entercom Communications Corp. today announced three significant new additions to its employee benefit plan designed to further enhance the quality of life for its terrific teams. Beginning in 2016, eligible Entercom employees will receive the following new benefits:
- Personal Volunteering Time
- A half-day off each quarter to volunteer for a non-profit organization of their choosing.
- Discounted Stock Purchase Program
- Entercom employees will be able to purchase Entercom stock at a 15% discount through a payroll deduction plan.
- Student Loan Reimbursement Program
- $1,000 per calendar year to reduce outstanding student loans for employees who have graduated within the past eight years.
These new benefits will be added to Entercom’s existing comprehensive benefits program, as well as other incentives including annual trips to exclusive resorts for top performing sales executives.
“Making Entercom a great place to work has long been a core principle at Entercom,” said Entercom Chief Executive Officer, David Field. “We are always looking for ways to improve ourselves and make Entercom a better and stronger organization, and that includes enhancing the quality of life for our team. We have examined benefits programs from leading companies all across the country in a wide range of industries and have honed in on a few highly compelling programs that we think will make outstanding additions to life at Entercom. We are very excited to be delivering these new benefits to our people.”
Chief Operating Officer Weezie Kramer added, “In today’s media world, Entercom stands apart as a leader in supporting local communities and employees. We believe these new programs will truly benefit our employees and further enhance our position as a great place to work.
Entercom Communications Corp. (NYSE: ETM) is the fourth-largest radio broadcasting company in the United States, with a portfolio of 125 highly rated radio stations in 28 top markets across the country. Known for developing unique and highly successful locally programmed stations, Entercom’s brands reach and engage close to 40 million people each week, delivering a curated mix of outstanding local personalities and a broad range of compelling music, news, talk and sports content.
Founded in 1968, Philadelphia-based Entercom also operates hundreds of events each year attracting millions of attendees, and provides customers with a broad range of digital marketing solutions through its SmartReach Digital products.