This report analyzes and compares ALTAIR ENGINEERING's employee health insurance and employee benefits with its industry and in Michigan State.

COMPARE ALTAIR ENGINEERING'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.

Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.

This report contains the following sections

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

ALTAIR ENGINEERING has top-notch career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the ALTAIR ENGINEERING. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: ALTAIR ENGINEERING offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, ALTAIR ENGINEERING makes sure that every single team member takes the full advantage of top-notch career planning programs.
  • COACHING AND MENTORING: ALTAIR ENGINEERING does not offer coaching and mentoring.
  • DEVELOPMENT RESOURCES: exceptional development resources are what allows ALTAIR ENGINEERING to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
  • GED REIMBURSEMENT: ALTAIR ENGINEERING does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: ALTAIR ENGINEERING believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that ALTAIR ENGINEERING provides for them, employees are able to learn what makes or breaks a leader.
  • ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why ALTAIR ENGINEERING offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
  • RECOGNITION PROGRAMS: ALTAIR ENGINEERING has a superb Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
  • TUITION REIMBURSEMENT: ALTAIR ENGINEERING does not offer tuition reimbursement.
ALTAIR ENGINEERING's career benefits comparison table

Benefit

ALTAIR ENGINEERING

Industry

Michigan

Career planning Benefits
Coaching and mentoring Benefits
Development resources Benefits
GED reimbursement Benefits
Leadership programs Benefits
Onboarding Benefits
Recognition programs Benefits
Tuition reimbursement Benefits

Healthcare benefits

ALTAIR ENGINEERING has suitable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers suitable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a suitable healthcare spending account at their disposal.

  • COUNSELING: ALTAIR ENGINEERING is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why ALTAIR ENGINEERING implemented a good counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This good counseling program includes nutritional and fitness information as well.
  • DENTAL PLAN: Team members at ALTAIR ENGINEERING have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. ALTAIR ENGINEERING partially pays for dentures and braces as well.
  • HEALTH INSURANCE: ALTAIR ENGINEERING offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
  • HEALTH PLAN INCENTIVES: ALTAIR ENGINEERING does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: ALTAIR ENGINEERING offers an impressive healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
  • MATERNITY SUPPORT PROGRAM: ALTAIR ENGINEERING offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
  • TELEHEALTH: ALTAIR ENGINEERING does not offer telehealth.
  • VISION PLAN: ALTAIR ENGINEERING offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
ALTAIR ENGINEERING's healthcare benefits comparison table

Benefit

ALTAIR ENGINEERING

Industry

Michigan

Counseling Benefits
Dental Plan Benefits
Health Insurance Benefits
Health Plan Incentives Benefits
Healthcare Spending Accounts Benefits
Maternity support program Benefits
Telehealth Benefits
Vision Plan Benefits

Financial benefits

ALTAIR ENGINEERING offers superior financial benefits for employees and their family members. A superior 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.

  • 401(K) PLAN: ALTAIR ENGINEERING has a superb 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. ALTAIR ENGINEERING provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a superb ALTAIR ENGINEERING has Matching program that matches 75% of employees' contributions. Whatever ALTAIR ENGINEERING contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave ALTAIR ENGINEERING. Recognizing that every team member is unique, with specific needs and goals, ALTAIR ENGINEERING keeps their members informed about their 401(k) options.
  • ADOPTION ASSISTANCE REIMBURSEMENT: ALTAIR ENGINEERING has an excellent Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
  • BONUS PAY: ALTAIR ENGINEERING has a great bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
  • CHILDCARE DISCOUNT: ALTAIR ENGINEERING cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
  • COMMUTER BENEFIT: ALTAIR ENGINEERING has a solid commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: ALTAIR ENGINEERING has a good daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
  • DISABILITY: ALTAIR ENGINEERING has a solid disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: ALTAIR ENGINEERING offers an impressive life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This impressive life insurance package contains dependent policies as well.
  • PAID TIME OFF: ALTAIR ENGINEERING wants for its team members to lead a happy and fulfilled life so it has a good vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
  • PAID VOLUNTEER TIME OFF: ALTAIR ENGINEERING recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ALTAIR ENGINEERING, on volunteer work of their choice.
  • PARENTAL LEAVE: ALTAIR ENGINEERING has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
ALTAIR ENGINEERING's financial benefits comparison table

Benefit

ALTAIR ENGINEERING

Industry

Michigan

401(k) plan Benefits
Adoption assistance reimbursement Benefits
Bonus pay Benefits
Childcare discount Benefits
Commuter benefit Benefits
Daycare flexible spending account Benefits
Disability Benefits
Life insurance Benefits
Paid time off Benefits
Paid volunteer time off Benefits
Parental leave Benefits

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