This report analyzes and compares BIOMARIN PHARMACEUTICAL's employee health insurance and employee benefits with its industry and in California 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
Career benefits
BIOMARIN PHARMACEUTICAL has first-class 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 BIOMARIN PHARMACEUTICAL. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BIOMARIN PHARMACEUTICAL continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that BIOMARIN PHARMACEUTICAL 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, BIOMARIN PHARMACEUTICAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows BIOMARIN PHARMACEUTICAL 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: BIOMARIN PHARMACEUTICAL has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: BIOMARIN PHARMACEUTICAL believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that BIOMARIN PHARMACEUTICAL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: BIOMARIN PHARMACEUTICAL offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, BIOMARIN PHARMACEUTICAL implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: BIOMARIN PHARMACEUTICAL does not offer tuition reimbursement.
Benefit | BIOMARIN PHARMACEUTICAL | Industry | California |
|---|---|---|---|
| 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
BIOMARIN PHARMACEUTICAL offers remarkable 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 BIOMARIN PHARMACEUTICAL's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BIOMARIN PHARMACEUTICAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why BIOMARIN PHARMACEUTICAL implemented a great 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 great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: BIOMARIN PHARMACEUTICAL cares about its team members' dental health so it offers an impressive dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: BIOMARIN PHARMACEUTICAL provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: BIOMARIN PHARMACEUTICAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: BIOMARIN PHARMACEUTICAL offers an exceptional 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: Aware of the challenges that come with pregnancy, BIOMARIN PHARMACEUTICAL has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: BIOMARIN PHARMACEUTICAL has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. BIOMARIN PHARMACEUTICAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: BIOMARIN PHARMACEUTICAL provides a top-notch 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.
Benefit | BIOMARIN PHARMACEUTICAL | Industry | California |
|---|---|---|---|
| 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
BIOMARIN PHARMACEUTICAL 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: BIOMARIN PHARMACEUTICAL 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. BIOMARIN PHARMACEUTICAL 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 BIOMARIN PHARMACEUTICAL has Matching program that matches 75% of employees' contributions. Whatever BIOMARIN PHARMACEUTICAL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BIOMARIN PHARMACEUTICAL. Recognizing that every team member is unique, with specific needs and goals, BIOMARIN PHARMACEUTICAL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BIOMARIN PHARMACEUTICAL has a good Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: BIOMARIN PHARMACEUTICAL offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for BIOMARIN PHARMACEUTICAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: BIOMARIN PHARMACEUTICAL has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: BIOMARIN PHARMACEUTICAL offers excellent 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: BIOMARIN PHARMACEUTICAL offers a superb daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: BIOMARIN PHARMACEUTICAL offers a remarkable short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: BIOMARIN PHARMACEUTICAL offers a great life insurance policy to its team members for an affordable price. BIOMARIN PHARMACEUTICAL 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: BIOMARIN PHARMACEUTICAL wants for its team members to lead a happy and fulfilled life so it has a suitable 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: BIOMARIN PHARMACEUTICAL does not offer paid volunteer time off.
- PARENTAL LEAVE: BIOMARIN PHARMACEUTICAL has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BIOMARIN PHARMACEUTICAL | Industry | California |
|---|---|---|---|
| 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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