This report analyzes and compares LIBERTY MUTUAL INSURANCE'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
LIBERTY MUTUAL INSURANCE has top-notch 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 LIBERTY MUTUAL INSURANCE. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: LIBERTY MUTUAL INSURANCE 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. LIBERTY MUTUAL INSURANCE has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: LIBERTY MUTUAL INSURANCE believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: LIBERTY MUTUAL INSURANCE encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, LIBERTY MUTUAL INSURANCE 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: LIBERTY MUTUAL INSURANCE has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: LIBERTY MUTUAL INSURANCE believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that LIBERTY MUTUAL INSURANCE provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: LIBERTY MUTUAL INSURANCE does not offer onboarding.
- RECOGNITION PROGRAMS: LIBERTY MUTUAL INSURANCE 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 LIBERTY MUTUAL INSURANCE.
- TUITION REIMBURSEMENT: LIBERTY MUTUAL INSURANCE realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | LIBERTY MUTUAL INSURANCE | 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
LIBERTY MUTUAL INSURANCE 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 LIBERTY MUTUAL INSURANCE's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: LIBERTY MUTUAL INSURANCE has an outstanding counseling program for its employees and their family members. Team members are encouraged by LIBERTY MUTUAL INSURANCE 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 outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: LIBERTY MUTUAL INSURANCE cares about its team members' dental health so it offers an exceptional 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: LIBERTY MUTUAL INSURANCE offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: LIBERTY MUTUAL INSURANCE offers its team members top-notch 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. LIBERTY MUTUAL INSURANCE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, LIBERTY MUTUAL INSURANCE offers a great 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: Aware of the challenges that come with pregnancy, LIBERTY MUTUAL INSURANCE has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: LIBERTY MUTUAL INSURANCE 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. LIBERTY MUTUAL INSURANCE can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: LIBERTY MUTUAL INSURANCE has an exceptional Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | LIBERTY MUTUAL INSURANCE | 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
LIBERTY MUTUAL INSURANCE offers superb financial benefits for employees and their family members. A superb 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: LIBERTY MUTUAL INSURANCE has a superior 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. LIBERTY MUTUAL INSURANCE 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 superior LIBERTY MUTUAL INSURANCE has Matching program that matches 75% of employees' contributions. Whatever LIBERTY MUTUAL INSURANCE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave LIBERTY MUTUAL INSURANCE. Recognizing that every team member is unique, with specific needs and goals, LIBERTY MUTUAL INSURANCE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: LIBERTY MUTUAL INSURANCE does not offer adoption assistance reimbursement.
- BONUS PAY: LIBERTY MUTUAL INSURANCE has a suitable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: LIBERTY MUTUAL INSURANCE has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: LIBERTY MUTUAL INSURANCE offers exceptional 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: LIBERTY MUTUAL INSURANCE offers an impressive 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: LIBERTY MUTUAL INSURANCE 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: LIBERTY MUTUAL INSURANCE 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: LIBERTY MUTUAL INSURANCE has an extraordinary 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: LIBERTY MUTUAL INSURANCE believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why LIBERTY MUTUAL INSURANCE offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: LIBERTY MUTUAL INSURANCE has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | LIBERTY MUTUAL INSURANCE | 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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