This report analyzes and compares BOOZ ALLEN HAMILTON's employee health insurance and employee benefits with its industry and in Virginia 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
BOOZ ALLEN HAMILTON 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 BOOZ ALLEN HAMILTON. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BOOZ ALLEN HAMILTON believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. BOOZ ALLEN HAMILTON has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a good coaching and mentoring program, BOOZ ALLEN HAMILTON can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows BOOZ ALLEN HAMILTON 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: BOOZ ALLEN HAMILTON has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: BOOZ ALLEN HAMILTON believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that BOOZ ALLEN HAMILTON provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: BOOZ ALLEN HAMILTON is aware of the difficulties that new employees might experience when they join the team. That's why BOOZ ALLEN HAMILTON has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: BOOZ ALLEN HAMILTON has a top-notch 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: BOOZ ALLEN HAMILTON does not offer tuition reimbursement.
Benefit | BOOZ ALLEN HAMILTON | Industry | Virginia |
|---|---|---|---|
| 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
BOOZ ALLEN HAMILTON offers superior 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 BOOZ ALLEN HAMILTON's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BOOZ ALLEN HAMILTON wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: BOOZ ALLEN HAMILTON cares about its team members' dental health so it offers an extraordinary 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: BOOZ ALLEN HAMILTON offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: BOOZ ALLEN HAMILTON offers its team members superior 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. BOOZ ALLEN HAMILTON provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: BOOZ ALLEN HAMILTON has a superior healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: BOOZ ALLEN HAMILTON has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: BOOZ ALLEN HAMILTON has a great telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. BOOZ ALLEN HAMILTON can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: BOOZ ALLEN HAMILTON provides a superb 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 | BOOZ ALLEN HAMILTON | Industry | Virginia |
|---|---|---|---|
| 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
BOOZ ALLEN HAMILTON offers first-class financial benefits for employees and their family members. A first-class 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: BOOZ ALLEN HAMILTON knows how important it is to think about retirement and start saving on time. That's why it offers a solid 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 BOOZ ALLEN HAMILTON 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, BOOZ ALLEN HAMILTON provides resources which will help team members decide what to do with their 401(k) plan. BOOZ ALLEN HAMILTON offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: BOOZ ALLEN HAMILTON has a suitable 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: BOOZ ALLEN HAMILTON has an extraordinary 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: BOOZ ALLEN HAMILTON cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: BOOZ ALLEN HAMILTON has a suitable 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: BOOZ ALLEN HAMILTON has a suitable 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: BOOZ ALLEN HAMILTON offers a superior 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: BOOZ ALLEN HAMILTON has a first-class life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: BOOZ ALLEN HAMILTON has an impressive 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: BOOZ ALLEN HAMILTON believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why BOOZ ALLEN HAMILTON offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: BOOZ ALLEN HAMILTON has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BOOZ ALLEN HAMILTON | Industry | Virginia |
|---|---|---|---|
| 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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