This report analyzes and compares MIT DEPARTMENT OF BIOLOGICAL ENGINEERING'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
MIT DEPARTMENT OF BIOLOGICAL ENGINEERING 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 MIT DEPARTMENT OF BIOLOGICAL ENGINEERING. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MIT DEPARTMENT OF BIOLOGICAL ENGINEERING makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that MIT DEPARTMENT OF BIOLOGICAL ENGINEERING 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 MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has a superb 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has a suitable 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 | MIT DEPARTMENT OF BIOLOGICAL ENGINEERING | 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
MIT DEPARTMENT OF BIOLOGICAL ENGINEERING 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 MIT DEPARTMENT OF BIOLOGICAL ENGINEERING's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MIT DEPARTMENT OF BIOLOGICAL ENGINEERING 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING is aware of the fact that a healthy employee is a productive employee so it offers outstanding 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has a valuable 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. MIT DEPARTMENT OF BIOLOGICAL ENGINEERING can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has an extraordinary 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 | MIT DEPARTMENT OF BIOLOGICAL ENGINEERING | 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
MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers superior financial benefits for employees and their family members. A superior 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has an excellent 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers an excellent program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING does not offer adoption assistance reimbursement.
- BONUS PAY: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has a good bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING offers a remarkable short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has a superior 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: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by MIT DEPARTMENT OF BIOLOGICAL ENGINEERING, on volunteer work of their choice.
- PARENTAL LEAVE: MIT DEPARTMENT OF BIOLOGICAL ENGINEERING has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MIT DEPARTMENT OF BIOLOGICAL ENGINEERING | 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 |
Improve this report:
We have prepared MIT DEPARTMENT OF BIOLOGICAL ENGINEERING'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.