This report analyzes and compares MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT'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
MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has first-class 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 MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT 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. MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT 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 MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT 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 MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT.
- TUITION REIMBURSEMENT: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT.
Benefit | MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT | 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
MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers first-class 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 MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT cares about its team members' dental health so it offers an excellent 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT is aware of the fact that a healthy employee is a productive employee so it offers exceptional 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: To financially help its team members with medical emergencies, MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has an exceptional telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT 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 | MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT | 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
MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers remarkable financial benefits for employees and their family members. A remarkable 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has an excellent Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT, and encourage others to do the same.
- CHILDCARE DISCOUNT: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has a solid 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT offers an extraordinary 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has a superb 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has an exceptional 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: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT, on volunteer work of their choice.
- PARENTAL LEAVE: MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MCGOVERN INSTITUTE FOR BRAIN RESEARCH AT MIT | 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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