This report analyzes and compares METLIFE'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
METLIFE has remarkable 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 METLIFE. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: METLIFE continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that METLIFE uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: METLIFE believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: METLIFE encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, METLIFE supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: METLIFE has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: METLIFE offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by METLIFE to grow as leaders and learn how to make tough calls.
- ONBOARDING: METLIFE does not offer onboarding.
- RECOGNITION PROGRAMS: METLIFE knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to METLIFE.
- TUITION REIMBURSEMENT: METLIFE has a good Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
|Career planning Benefits|
|Coaching and mentoring Benefits|
|Development resources Benefits|
|GED reimbursement Benefits|
|Leadership programs Benefits|
|Recognition programs Benefits|
|Tuition reimbursement Benefits|
METLIFE provides extraordinary health benefits to enable team members and their families to have the best healthcare available, including telehealth services and consultations with various health professionals. Whether it's a fully covered dental plan or an extraordinary maternity support program, employees can rest assure that their health needs are fully met.
- COUNSELING: METLIFE has an extraordinary counseling program for its employees and their family members. Team members are encouraged by METLIFE 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 extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at METLIFE have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. METLIFE partially pays for dentures and braces as well.
- HEALTH INSURANCE: METLIFE provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: METLIFE is aware of the fact that a healthy employee is a productive employee so it offers impressive 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: METLIFE offers an impressive 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: METLIFE has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: METLIFE has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. METLIFE covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: METLIFE 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.
|Dental Plan Benefits|
|Health Insurance Benefits|
|Health Plan Incentives Benefits|
|Healthcare Spending Accounts Benefits|
|Maternity support program Benefits|
|Vision Plan Benefits|
Team members enjoy good financial benefits at METLIFE. 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. METLIFE offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect METLIFE to partially cover the expenses.
- 401(K) PLAN: METLIFE 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. METLIFE 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 METLIFE has Matching program that matches 75% of employees' contributions. Whatever METLIFE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave METLIFE. Recognizing that every team member is unique, with specific needs and goals, METLIFE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: METLIFE 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: METLIFE offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for METLIFE, and encourage others to do the same.
- CHILDCARE DISCOUNT: METLIFE does not offer childcare discount.
- COMMUTER BENEFIT: METLIFE acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: METLIFE 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: METLIFE has a great 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 great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: METLIFE offers a good life insurance policy to its team members for an affordable price. METLIFE 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: METLIFE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why METLIFE has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: METLIFE does not offer paid volunteer time off.
- PARENTAL LEAVE: METLIFE has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
|401(k) plan Benefits|
|Adoption assistance reimbursement Benefits|
|Bonus pay Benefits|
|Childcare discount Benefits|
|Commuter benefit Benefits|
|Daycare flexible spending account Benefits|
|Life insurance Benefits|
|Paid time off Benefits|
|Paid volunteer time off Benefits|
|Parental leave Benefits|
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