This report analyzes and compares BRUKER BIOSPIN'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
Career benefits
BRUKER BIOSPIN 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 BRUKER BIOSPIN. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BRUKER BIOSPIN 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. BRUKER BIOSPIN has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: BRUKER BIOSPIN offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: excellent development resources are what allows BRUKER BIOSPIN to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: BRUKER BIOSPIN does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: BRUKER BIOSPIN is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, BRUKER BIOSPIN ensures that team members with a potential for becoming leaders can achieve their goals.
- 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 BRUKER BIOSPIN offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: BRUKER BIOSPIN knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to BRUKER BIOSPIN.
- TUITION REIMBURSEMENT: BRUKER BIOSPIN does not offer tuition reimbursement.
Benefit | BRUKER BIOSPIN | Industry | Massachusetts |
|---|---|---|---|
| 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
BRUKER BIOSPIN 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 BRUKER BIOSPIN's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BRUKER BIOSPIN has an exceptional counseling program for its employees and their family members. Team members are encouraged by BRUKER BIOSPIN 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 exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: BRUKER BIOSPIN offers a valuable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: BRUKER BIOSPIN offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: BRUKER BIOSPIN does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, BRUKER BIOSPIN offers a suitable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: BRUKER BIOSPIN offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: BRUKER BIOSPIN has implemented a first-class telehealth policy for its members to use any time of the day, every single day. BRUKER BIOSPIN covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: BRUKER BIOSPIN offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | BRUKER BIOSPIN | Industry | Massachusetts |
|---|---|---|---|
| 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
Team members enjoy valuable financial benefits at BRUKER BIOSPIN. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. BRUKER BIOSPIN offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect BRUKER BIOSPIN to partially cover the expenses.
- 401(K) PLAN: BRUKER BIOSPIN knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 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 BRUKER BIOSPIN 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, BRUKER BIOSPIN provides resources which will help team members decide what to do with their 401(k) plan. BRUKER BIOSPIN offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: BRUKER BIOSPIN has a superb Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by BRUKER BIOSPIN.
- BONUS PAY: BRUKER BIOSPIN offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for BRUKER BIOSPIN, and encourage others to do the same.
- CHILDCARE DISCOUNT: BRUKER BIOSPIN offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: BRUKER BIOSPIN 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: BRUKER BIOSPIN has a valuable 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: BRUKER BIOSPIN offers a superb 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: BRUKER BIOSPIN offers a great life insurance policy to its team members for an affordable price. BRUKER BIOSPIN 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: BRUKER BIOSPIN wants for its team members to lead a happy and fulfilled life so it has a great 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: BRUKER BIOSPIN recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by BRUKER BIOSPIN, on volunteer work of their choice.
- PARENTAL LEAVE: BRUKER BIOSPIN has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BRUKER BIOSPIN | Industry | Massachusetts |
|---|---|---|---|
| 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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