This report analyzes and compares OPEN SOCIETY INSTITUTE'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
OPEN SOCIETY INSTITUTE offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. OPEN SOCIETY INSTITUTE believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: OPEN SOCIETY INSTITUTE believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. OPEN SOCIETY INSTITUTE has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: OPEN SOCIETY INSTITUTE does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows OPEN SOCIETY INSTITUTE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: OPEN SOCIETY INSTITUTE has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: OPEN SOCIETY INSTITUTE does not offer leadership programs.
- ONBOARDING: OPEN SOCIETY INSTITUTE is aware of the difficulties that new employees might experience when they join the team. That's why OPEN SOCIETY INSTITUTE has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: OPEN SOCIETY INSTITUTE 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 OPEN SOCIETY INSTITUTE.
- TUITION REIMBURSEMENT: OPEN SOCIETY INSTITUTE does not offer tuition reimbursement.
Benefit | OPEN SOCIETY INSTITUTE | 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
OPEN SOCIETY INSTITUTE offers top-notch 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 OPEN SOCIETY INSTITUTE's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: OPEN SOCIETY INSTITUTE has an outstanding counseling program for its employees and their family members. Team members are encouraged by OPEN SOCIETY INSTITUTE 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 outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: OPEN SOCIETY INSTITUTE cares about its team members' dental health so it offers an extraordinary 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: OPEN SOCIETY INSTITUTE 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: OPEN SOCIETY INSTITUTE does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: OPEN SOCIETY INSTITUTE offers an outstanding 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: OPEN SOCIETY INSTITUTE has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: OPEN SOCIETY INSTITUTE has an outstanding telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: OPEN SOCIETY INSTITUTE offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | OPEN SOCIETY INSTITUTE | 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
OPEN SOCIETY INSTITUTE 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: OPEN SOCIETY INSTITUTE 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, OPEN SOCIETY INSTITUTE 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, OPEN SOCIETY INSTITUTE offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: OPEN SOCIETY INSTITUTE 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: OPEN SOCIETY INSTITUTE offers superior bonuses to team members who excel in their field of work, provide extraordinary results for OPEN SOCIETY INSTITUTE, and encourage others to do the same.
- CHILDCARE DISCOUNT: OPEN SOCIETY INSTITUTE offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: OPEN SOCIETY INSTITUTE acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: OPEN SOCIETY INSTITUTE has a suitable 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: OPEN SOCIETY INSTITUTE offers a first-class 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: OPEN SOCIETY INSTITUTE offers a valuable life insurance policy to its team members for an affordable price. OPEN SOCIETY INSTITUTE 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: OPEN SOCIETY INSTITUTE has an extraordinary 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: OPEN SOCIETY INSTITUTE has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, OPEN SOCIETY INSTITUTE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: OPEN SOCIETY INSTITUTE has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | OPEN SOCIETY INSTITUTE | 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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