This report analyzes and compares ASPEN TECHNOLOGY's employee health insurance and employee benefits with its industry and in Massachusetts State.
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
ASPEN TECHNOLOGY has remarkable 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 ASPEN TECHNOLOGY. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ASPEN TECHNOLOGY continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that ASPEN TECHNOLOGY uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a great coaching and mentoring program, ASPEN TECHNOLOGY can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows ASPEN TECHNOLOGY to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: ASPEN TECHNOLOGY has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: ASPEN TECHNOLOGY believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that ASPEN TECHNOLOGY 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 ASPEN TECHNOLOGY offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, ASPEN TECHNOLOGY implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: ASPEN TECHNOLOGY has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at ASPEN TECHNOLOGY.
|Career planning Benefits|
|Coaching and mentoring Benefits|
|Development resources Benefits|
|GED reimbursement Benefits|
|Leadership programs Benefits|
|Recognition programs Benefits|
|Tuition reimbursement Benefits|
ASPEN TECHNOLOGY offers superb health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy ASPEN TECHNOLOGY's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ASPEN TECHNOLOGY has an outstanding counseling program for its employees and their family members. Team members are encouraged by ASPEN TECHNOLOGY to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at ASPEN TECHNOLOGY have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. ASPEN TECHNOLOGY partially pays for dentures and braces as well.
- HEALTH INSURANCE: ASPEN TECHNOLOGY offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: ASPEN TECHNOLOGY offers its team members remarkable health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. ASPEN TECHNOLOGY provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: ASPEN TECHNOLOGY offers an excellent 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: ASPEN TECHNOLOGY offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: ASPEN TECHNOLOGY has implemented a superb telehealth policy for its members to use any time of the day, every single day. ASPEN TECHNOLOGY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: ASPEN TECHNOLOGY provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
|Dental Plan Benefits|
|Health Insurance Benefits|
|Health Plan Incentives Benefits|
|Healthcare Spending Accounts Benefits|
|Maternity support program Benefits|
|Vision Plan Benefits|
ASPEN TECHNOLOGY offers remarkable financial benefits for employees and their family members. A remarkable 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: ASPEN TECHNOLOGY knows how important it is to think about retirement and start saving on time. That's why it offers a good 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and ASPEN TECHNOLOGY will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, ASPEN TECHNOLOGY provides resources which will help team members decide what to do with their 401(k) plan. ASPEN TECHNOLOGY offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: ASPEN TECHNOLOGY 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: ASPEN TECHNOLOGY has an impressive bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: ASPEN TECHNOLOGY offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: ASPEN TECHNOLOGY offers extraordinary commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: ASPEN TECHNOLOGY offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: ASPEN TECHNOLOGY 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: ASPEN TECHNOLOGY offers a good life insurance policy to its team members for an affordable price. ASPEN TECHNOLOGY participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: ASPEN TECHNOLOGY has an exceptional vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: ASPEN TECHNOLOGY recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ASPEN TECHNOLOGY, on volunteer work of their choice.
- PARENTAL LEAVE: ASPEN TECHNOLOGY has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
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|Adoption assistance reimbursement Benefits|
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|Childcare discount Benefits|
|Commuter benefit Benefits|
|Daycare flexible spending account Benefits|
|Life insurance Benefits|
|Paid time off Benefits|
|Paid volunteer time off Benefits|
|Parental leave Benefits|
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