This report analyzes and compares MOMENTIVE PERFORMANCE MATERIALS' 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
MOMENTIVE PERFORMANCE MATERIALS has top-notch 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 MOMENTIVE PERFORMANCE MATERIALS. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MOMENTIVE PERFORMANCE MATERIALS continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that MOMENTIVE PERFORMANCE MATERIALS 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, MOMENTIVE PERFORMANCE MATERIALS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows MOMENTIVE PERFORMANCE MATERIALS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MOMENTIVE PERFORMANCE MATERIALS has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: MOMENTIVE PERFORMANCE MATERIALS is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, MOMENTIVE PERFORMANCE MATERIALS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: MOMENTIVE PERFORMANCE MATERIALS does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, MOMENTIVE PERFORMANCE MATERIALS implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: MOMENTIVE PERFORMANCE MATERIALS has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at MOMENTIVE PERFORMANCE MATERIALS.
Benefit | MOMENTIVE PERFORMANCE MATERIALS | 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
MOMENTIVE PERFORMANCE MATERIALS 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 MOMENTIVE PERFORMANCE MATERIALS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MOMENTIVE PERFORMANCE MATERIALS does not offer counseling.
- DENTAL PLAN: Team members at MOMENTIVE PERFORMANCE MATERIALS 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. MOMENTIVE PERFORMANCE MATERIALS partially pays for dentures and braces as well.
- HEALTH INSURANCE: MOMENTIVE PERFORMANCE MATERIALS offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MOMENTIVE PERFORMANCE MATERIALS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, MOMENTIVE PERFORMANCE MATERIALS offers a valuable 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: Aware of the challenges that come with pregnancy, MOMENTIVE PERFORMANCE MATERIALS has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: MOMENTIVE PERFORMANCE MATERIALS has implemented a first-class telehealth policy for its members to use any time of the day, every single day. MOMENTIVE PERFORMANCE MATERIALS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: MOMENTIVE PERFORMANCE MATERIALS has an excellent 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 | MOMENTIVE PERFORMANCE MATERIALS | 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
MOMENTIVE PERFORMANCE MATERIALS offers superb financial benefits for employees and their family members. A superb 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: MOMENTIVE PERFORMANCE MATERIALS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MOMENTIVE PERFORMANCE MATERIALS has a solid 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: MOMENTIVE PERFORMANCE MATERIALS has a suitable 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: MOMENTIVE PERFORMANCE MATERIALS has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: MOMENTIVE PERFORMANCE MATERIALS acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MOMENTIVE PERFORMANCE MATERIALS has a solid 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: MOMENTIVE PERFORMANCE MATERIALS has an extraordinary disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: MOMENTIVE PERFORMANCE MATERIALS 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: MOMENTIVE PERFORMANCE MATERIALS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MOMENTIVE PERFORMANCE MATERIALS has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MOMENTIVE PERFORMANCE MATERIALS does not offer paid volunteer time off.
- PARENTAL LEAVE: MOMENTIVE PERFORMANCE MATERIALS has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MOMENTIVE PERFORMANCE MATERIALS | 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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