This report analyzes and compares MAGICBOARD's employee health insurance and employee benefits with its industry and in DC 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
MAGICBOARD 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 MAGICBOARD. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MAGICBOARD continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that MAGICBOARD uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: MAGICBOARD does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows MAGICBOARD 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: MAGICBOARD does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: MAGICBOARD believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that MAGICBOARD provides for them, employees are able to learn what makes or breaks a leader.
- 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 MAGICBOARD offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MAGICBOARD knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to MAGICBOARD.
- TUITION REIMBURSEMENT: MAGICBOARD does not offer tuition reimbursement.
Benefit | MAGICBOARD | Industry | DC |
|---|---|---|---|
| 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
MAGICBOARD has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good 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 good healthcare spending account at their disposal.
- COUNSELING: MAGICBOARD does not offer counseling.
- DENTAL PLAN: Team members at MAGICBOARD 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. MAGICBOARD partially pays for dentures and braces as well.
- HEALTH INSURANCE: MAGICBOARD provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: MAGICBOARD does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: MAGICBOARD 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: MAGICBOARD offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MAGICBOARD does not offer telehealth.
- VISION PLAN: MAGICBOARD offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | MAGICBOARD | Industry | DC |
|---|---|---|---|
| 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
MAGICBOARD offers top-notch financial benefits for employees and their family members. A top-notch 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: MAGICBOARD does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MAGICBOARD does not offer adoption assistance reimbursement.
- BONUS PAY: MAGICBOARD 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: MAGICBOARD does not offer childcare discount.
- COMMUTER BENEFIT: MAGICBOARD acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MAGICBOARD has a great 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: MAGICBOARD has an outstanding 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: MAGICBOARD offers a suitable life insurance policy to its team members for an affordable price. MAGICBOARD 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: MAGICBOARD wants for its team members to lead a happy and fulfilled life so it has a valuable 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: MAGICBOARD believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why MAGICBOARD offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: MAGICBOARD has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MAGICBOARD | Industry | DC |
|---|---|---|---|
| 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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We have prepared MAGICBOARD's benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
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