This report analyzes and compares MCDERMOTT WILL & EMERY's employee health insurance and employee benefits with its industry and in New York 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
MCDERMOTT WILL & EMERY has superior 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 MCDERMOTT WILL & EMERY. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MCDERMOTT WILL & EMERY offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MCDERMOTT WILL & EMERY makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: MCDERMOTT WILL & EMERY believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: impressive development resources are what allows MCDERMOTT WILL & EMERY to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MCDERMOTT WILL & EMERY has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: MCDERMOTT WILL & EMERY is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, MCDERMOTT WILL & EMERY 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 MCDERMOTT WILL & EMERY offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MCDERMOTT WILL & EMERY has a top-notch 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: MCDERMOTT WILL & EMERY has a solid 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 | MCDERMOTT WILL & EMERY | Industry | New York |
|---|---|---|---|
| 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
MCDERMOTT WILL & EMERY 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 MCDERMOTT WILL & EMERY's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MCDERMOTT WILL & EMERY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MCDERMOTT WILL & EMERY implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: MCDERMOTT WILL & EMERY offers a good 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: MCDERMOTT WILL & EMERY offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MCDERMOTT WILL & EMERY is aware of the fact that a healthy employee is a productive employee so it offers excellent health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: MCDERMOTT WILL & EMERY offers an excellent healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, MCDERMOTT WILL & EMERY has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: MCDERMOTT WILL & EMERY has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. MCDERMOTT WILL & EMERY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: MCDERMOTT WILL & EMERY provides a superb 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 | MCDERMOTT WILL & EMERY | Industry | New York |
|---|---|---|---|
| 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
MCDERMOTT WILL & EMERY 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: MCDERMOTT WILL & EMERY 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. MCDERMOTT WILL & EMERY 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 MCDERMOTT WILL & EMERY has Matching program that matches 75% of employees' contributions. Whatever MCDERMOTT WILL & EMERY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MCDERMOTT WILL & EMERY. Recognizing that every team member is unique, with specific needs and goals, MCDERMOTT WILL & EMERY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: MCDERMOTT WILL & EMERY 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 MCDERMOTT WILL & EMERY.
- BONUS PAY: MCDERMOTT WILL & EMERY offers superior bonuses to team members who excel in their field of work, provide extraordinary results for MCDERMOTT WILL & EMERY, and encourage others to do the same.
- CHILDCARE DISCOUNT: MCDERMOTT WILL & EMERY offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: MCDERMOTT WILL & EMERY has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MCDERMOTT WILL & EMERY has a suitable 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: MCDERMOTT WILL & EMERY has a suitable disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: MCDERMOTT WILL & EMERY offers an excellent life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: MCDERMOTT WILL & EMERY has an excellent 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: MCDERMOTT WILL & EMERY has a first-class volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MCDERMOTT WILL & EMERY stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MCDERMOTT WILL & EMERY has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MCDERMOTT WILL & EMERY | Industry | New York |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared MCDERMOTT WILL & EMERY'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.
We will contact you and/or update the information in 2-5 business days.