This report analyzes and compares MCKINSEY CONSULTING's employee health insurance and employee benefits with its industry and in Ohio 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
MCKINSEY CONSULTING has superb 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 MCKINSEY CONSULTING. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MCKINSEY CONSULTING continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that MCKINSEY CONSULTING uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a great coaching and mentoring program, MCKINSEY CONSULTING can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: MCKINSEY CONSULTING encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, MCKINSEY CONSULTING supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: MCKINSEY CONSULTING has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: MCKINSEY CONSULTING believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that MCKINSEY CONSULTING 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 MCKINSEY CONSULTING offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MCKINSEY CONSULTING knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to MCKINSEY CONSULTING.
- TUITION REIMBURSEMENT: MCKINSEY CONSULTING 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 MCKINSEY CONSULTING.
Benefit | MCKINSEY CONSULTING | Industry | Ohio |
|---|---|---|---|
| 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
MCKINSEY CONSULTING 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 MCKINSEY CONSULTING's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MCKINSEY CONSULTING does not offer counseling.
- DENTAL PLAN: MCKINSEY CONSULTING cares about its team members' dental health so it offers an outstanding 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: MCKINSEY CONSULTING offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MCKINSEY CONSULTING is aware of the fact that a healthy employee is a productive employee so it offers extraordinary 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: MCKINSEY CONSULTING offers an outstanding 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: MCKINSEY CONSULTING offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MCKINSEY CONSULTING has a suitable 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. MCKINSEY CONSULTING can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: MCKINSEY CONSULTING has an outstanding 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 | MCKINSEY CONSULTING | Industry | Ohio |
|---|---|---|---|
| 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
Team members enjoy good financial benefits at MCKINSEY CONSULTING. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. MCKINSEY CONSULTING offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MCKINSEY CONSULTING to partially cover the expenses.
- 401(K) PLAN: MCKINSEY CONSULTING has a superb 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. MCKINSEY CONSULTING 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 superb MCKINSEY CONSULTING has Matching program that matches 75% of employees' contributions. Whatever MCKINSEY CONSULTING contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MCKINSEY CONSULTING. Recognizing that every team member is unique, with specific needs and goals, MCKINSEY CONSULTING keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: MCKINSEY CONSULTING has a suitable Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: MCKINSEY CONSULTING offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for MCKINSEY CONSULTING, and encourage others to do the same.
- CHILDCARE DISCOUNT: MCKINSEY CONSULTING does not offer childcare discount.
- COMMUTER BENEFIT: MCKINSEY CONSULTING acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MCKINSEY CONSULTING 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: MCKINSEY CONSULTING has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: MCKINSEY CONSULTING offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: MCKINSEY CONSULTING wants for its team members to lead a happy and fulfilled life so it has a great 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: MCKINSEY CONSULTING does not offer paid volunteer time off.
- PARENTAL LEAVE: MCKINSEY CONSULTING has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MCKINSEY CONSULTING | Industry | Ohio |
|---|---|---|---|
| 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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