This report analyzes and compares METROPOLITAN OPERA'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
METROPOLITAN OPERA 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 METROPOLITAN OPERA. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: METROPOLITAN OPERA continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that METROPOLITAN OPERA uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: METROPOLITAN OPERA 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: excellent development resources are what allows METROPOLITAN OPERA to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: METROPOLITAN OPERA does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: METROPOLITAN OPERA offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by METROPOLITAN OPERA to grow as leaders and learn how to make tough calls.
- ONBOARDING: METROPOLITAN OPERA does not offer onboarding.
- RECOGNITION PROGRAMS: METROPOLITAN OPERA knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to METROPOLITAN OPERA.
- TUITION REIMBURSEMENT: METROPOLITAN OPERA 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 | METROPOLITAN OPERA | 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
METROPOLITAN OPERA 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 METROPOLITAN OPERA's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: METROPOLITAN OPERA wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at METROPOLITAN OPERA 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. METROPOLITAN OPERA partially pays for dentures and braces as well.
- HEALTH INSURANCE: METROPOLITAN OPERA 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: METROPOLITAN OPERA does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: METROPOLITAN OPERA has a first-class 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: Aware of the challenges that come with pregnancy, METROPOLITAN OPERA has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: METROPOLITAN OPERA has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. METROPOLITAN OPERA covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: METROPOLITAN OPERA 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 | METROPOLITAN OPERA | 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
Team members enjoy solid financial benefits at METROPOLITAN OPERA. 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. METROPOLITAN OPERA offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect METROPOLITAN OPERA to partially cover the expenses.
- 401(K) PLAN: METROPOLITAN OPERA has a first-class 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. METROPOLITAN OPERA 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 first-class METROPOLITAN OPERA has Matching program that matches 75% of employees' contributions. Whatever METROPOLITAN OPERA contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave METROPOLITAN OPERA. Recognizing that every team member is unique, with specific needs and goals, METROPOLITAN OPERA keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: METROPOLITAN OPERA has a good 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: METROPOLITAN OPERA offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for METROPOLITAN OPERA, and encourage others to do the same.
- CHILDCARE DISCOUNT: METROPOLITAN OPERA does not offer childcare discount.
- COMMUTER BENEFIT: METROPOLITAN OPERA acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: METROPOLITAN OPERA has a valuable 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: METROPOLITAN OPERA has a solid 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 solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: METROPOLITAN OPERA has a first-class 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: METROPOLITAN OPERA 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: METROPOLITAN OPERA does not offer paid volunteer time off.
- PARENTAL LEAVE: METROPOLITAN OPERA has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | METROPOLITAN OPERA | 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 |
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