This report analyzes and compares LAUREATE EDUCATION's employee health insurance and employee benefits with its industry and in Maryland 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
LAUREATE EDUCATION offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. LAUREATE EDUCATION believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: LAUREATE EDUCATION offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, LAUREATE EDUCATION makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: LAUREATE EDUCATION believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: LAUREATE EDUCATION encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, LAUREATE EDUCATION supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: LAUREATE EDUCATION does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: LAUREATE EDUCATION does not offer leadership programs.
- ONBOARDING: LAUREATE EDUCATION does not offer onboarding.
- RECOGNITION PROGRAMS: LAUREATE EDUCATION has a first-class 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: LAUREATE EDUCATION 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 | LAUREATE EDUCATION | Industry | Maryland |
|---|---|---|---|
| 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
LAUREATE EDUCATION offers top-notch 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 LAUREATE EDUCATION's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: LAUREATE EDUCATION wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class 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: LAUREATE EDUCATION offers a suitable 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: LAUREATE EDUCATION offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: LAUREATE EDUCATION 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. LAUREATE EDUCATION provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: LAUREATE EDUCATION has a superb 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: LAUREATE EDUCATION offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: LAUREATE EDUCATION has implemented a first-class telehealth policy for its members to use any time of the day, every single day. LAUREATE EDUCATION covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: LAUREATE EDUCATION provides a superior 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 | LAUREATE EDUCATION | Industry | Maryland |
|---|---|---|---|
| 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
LAUREATE EDUCATION 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: LAUREATE EDUCATION has a top-notch 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. LAUREATE EDUCATION 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 top-notch LAUREATE EDUCATION has Matching program that matches 75% of employees' contributions. Whatever LAUREATE EDUCATION contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave LAUREATE EDUCATION. Recognizing that every team member is unique, with specific needs and goals, LAUREATE EDUCATION keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: LAUREATE EDUCATION has a superior 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 LAUREATE EDUCATION.
- BONUS PAY: LAUREATE EDUCATION 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: LAUREATE EDUCATION offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: LAUREATE EDUCATION acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: LAUREATE EDUCATION offers an outstanding 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: LAUREATE EDUCATION has an impressive disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: LAUREATE EDUCATION offers a valuable life insurance policy to its team members for an affordable price. LAUREATE EDUCATION 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: LAUREATE EDUCATION realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why LAUREATE EDUCATION has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: LAUREATE EDUCATION has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, LAUREATE EDUCATION stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: LAUREATE EDUCATION has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | LAUREATE EDUCATION | Industry | Maryland |
|---|---|---|---|
| 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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