This report analyzes and compares MOUNT SINAI HEALTH SYSTEM'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
MOUNT SINAI HEALTH SYSTEM has first-class 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 MOUNT SINAI HEALTH SYSTEM. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MOUNT SINAI HEALTH SYSTEM continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that MOUNT SINAI HEALTH SYSTEM uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: MOUNT SINAI HEALTH SYSTEM does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: MOUNT SINAI HEALTH SYSTEM encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, MOUNT SINAI HEALTH SYSTEM supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: MOUNT SINAI HEALTH SYSTEM does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: MOUNT SINAI HEALTH SYSTEM believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that MOUNT SINAI HEALTH SYSTEM provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: MOUNT SINAI HEALTH SYSTEM does not offer onboarding.
- RECOGNITION PROGRAMS: MOUNT SINAI HEALTH SYSTEM has a first-class 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: MOUNT SINAI HEALTH SYSTEM realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | MOUNT SINAI HEALTH SYSTEM | 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
MOUNT SINAI HEALTH SYSTEM has suitable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers suitable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a suitable healthcare spending account at their disposal.
- COUNSELING: MOUNT SINAI HEALTH SYSTEM is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MOUNT SINAI HEALTH SYSTEM implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at MOUNT SINAI HEALTH SYSTEM have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MOUNT SINAI HEALTH SYSTEM partially pays for dentures and braces as well.
- HEALTH INSURANCE: MOUNT SINAI HEALTH SYSTEM provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, MOUNT SINAI HEALTH SYSTEM offers solid health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: MOUNT SINAI HEALTH SYSTEM has a superb 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: MOUNT SINAI HEALTH SYSTEM has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: MOUNT SINAI HEALTH SYSTEM does not offer telehealth.
- VISION PLAN: MOUNT SINAI HEALTH SYSTEM 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 | MOUNT SINAI HEALTH SYSTEM | 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
MOUNT SINAI HEALTH SYSTEM offers remarkable financial benefits for employees and their family members. A remarkable 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: MOUNT SINAI HEALTH SYSTEM has a remarkable 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. MOUNT SINAI HEALTH SYSTEM 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 remarkable MOUNT SINAI HEALTH SYSTEM has Matching program that matches 75% of employees' contributions. Whatever MOUNT SINAI HEALTH SYSTEM contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MOUNT SINAI HEALTH SYSTEM. Recognizing that every team member is unique, with specific needs and goals, MOUNT SINAI HEALTH SYSTEM keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: MOUNT SINAI HEALTH SYSTEM has a great 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: MOUNT SINAI HEALTH SYSTEM has an impressive bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: MOUNT SINAI HEALTH SYSTEM has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: MOUNT SINAI HEALTH SYSTEM offers impressive commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MOUNT SINAI HEALTH SYSTEM has a good 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: MOUNT SINAI HEALTH SYSTEM 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: MOUNT SINAI HEALTH SYSTEM has a superb 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: MOUNT SINAI HEALTH SYSTEM has an excellent 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: MOUNT SINAI HEALTH SYSTEM does not offer paid volunteer time off.
- PARENTAL LEAVE: MOUNT SINAI HEALTH SYSTEM has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MOUNT SINAI HEALTH SYSTEM | 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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