This report analyzes and compares HARVARD MANAGEMENT COMPANY'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
HARVARD MANAGEMENT COMPANY has superb 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 HARVARD MANAGEMENT COMPANY. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: HARVARD MANAGEMENT COMPANY believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. HARVARD MANAGEMENT COMPANY has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: HARVARD MANAGEMENT COMPANY believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: excellent development resources are what allows HARVARD MANAGEMENT COMPANY 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: HARVARD MANAGEMENT COMPANY has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: HARVARD MANAGEMENT COMPANY is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, HARVARD MANAGEMENT COMPANY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: HARVARD MANAGEMENT COMPANY is aware of the difficulties that new employees might experience when they join the team. That's why HARVARD MANAGEMENT COMPANY has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: HARVARD MANAGEMENT COMPANY knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to HARVARD MANAGEMENT COMPANY.
- TUITION REIMBURSEMENT: HARVARD MANAGEMENT COMPANY has a valuable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | HARVARD MANAGEMENT COMPANY | 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
HARVARD MANAGEMENT COMPANY has valuable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers valuable 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 valuable healthcare spending account at their disposal.
- COUNSELING: HARVARD MANAGEMENT COMPANY does not offer counseling.
- DENTAL PLAN: Team members at HARVARD MANAGEMENT COMPANY have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. HARVARD MANAGEMENT COMPANY partially pays for dentures and braces as well.
- HEALTH INSURANCE: HARVARD MANAGEMENT COMPANY offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: HARVARD MANAGEMENT COMPANY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: HARVARD MANAGEMENT COMPANY has a remarkable 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: HARVARD MANAGEMENT COMPANY has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: HARVARD MANAGEMENT COMPANY has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. HARVARD MANAGEMENT COMPANY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: HARVARD MANAGEMENT COMPANY 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 | HARVARD MANAGEMENT COMPANY | 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
HARVARD MANAGEMENT COMPANY 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: HARVARD MANAGEMENT COMPANY does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: HARVARD MANAGEMENT COMPANY 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: HARVARD MANAGEMENT COMPANY has an exceptional 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: HARVARD MANAGEMENT COMPANY cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: HARVARD MANAGEMENT COMPANY acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: HARVARD MANAGEMENT COMPANY offers a remarkable 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: HARVARD MANAGEMENT COMPANY offers a top-notch 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: HARVARD MANAGEMENT COMPANY offers a valuable life insurance policy to its team members for an affordable price. HARVARD MANAGEMENT COMPANY 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: HARVARD MANAGEMENT COMPANY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why HARVARD MANAGEMENT COMPANY has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: HARVARD MANAGEMENT COMPANY does not offer paid volunteer time off.
- PARENTAL LEAVE: HARVARD MANAGEMENT COMPANY has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | HARVARD MANAGEMENT COMPANY | 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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