This report analyzes and compares THE INSTITUTE OF MEDICINE (IOM)'s employee health insurance and employee benefits with its industry and in DC 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
THE INSTITUTE OF MEDICINE (IOM) 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 THE INSTITUTE OF MEDICINE (IOM). first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: THE INSTITUTE OF MEDICINE (IOM) continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that THE INSTITUTE OF MEDICINE (IOM) uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: THE INSTITUTE OF MEDICINE (IOM) offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: THE INSTITUTE OF MEDICINE (IOM) 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: THE INSTITUTE OF MEDICINE (IOM) has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: THE INSTITUTE OF MEDICINE (IOM) does not offer leadership programs.
- ONBOARDING: THE INSTITUTE OF MEDICINE (IOM) offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: THE INSTITUTE OF MEDICINE (IOM) 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: THE INSTITUTE OF MEDICINE (IOM) 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 | THE INSTITUTE OF MEDICINE (IOM) | Industry | DC |
|---|---|---|---|
| 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
THE INSTITUTE OF MEDICINE (IOM) 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 THE INSTITUTE OF MEDICINE (IOM)'s first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: THE INSTITUTE OF MEDICINE (IOM) does not offer counseling.
- DENTAL PLAN: THE INSTITUTE OF MEDICINE (IOM) cares about its team members' dental health so it offers an excellent 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: THE INSTITUTE OF MEDICINE (IOM) offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: THE INSTITUTE OF MEDICINE (IOM) is aware of the fact that a healthy employee is a productive employee so it offers excellent 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: THE INSTITUTE OF MEDICINE (IOM) 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: Aware of the challenges that come with pregnancy, THE INSTITUTE OF MEDICINE (IOM) has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: THE INSTITUTE OF MEDICINE (IOM) has implemented a superb telehealth policy for its members to use any time of the day, every single day. THE INSTITUTE OF MEDICINE (IOM) covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: THE INSTITUTE OF MEDICINE (IOM) provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | THE INSTITUTE OF MEDICINE (IOM) | Industry | DC |
|---|---|---|---|
| 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
THE INSTITUTE OF MEDICINE (IOM) 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: THE INSTITUTE OF MEDICINE (IOM) has an outstanding 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, THE INSTITUTE OF MEDICINE (IOM) offers an outstanding 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, THE INSTITUTE OF MEDICINE (IOM) offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: THE INSTITUTE OF MEDICINE (IOM) does not offer adoption assistance reimbursement.
- BONUS PAY: THE INSTITUTE OF MEDICINE (IOM) offers superb bonuses to team members who excel in their field of work, provide extraordinary results for THE INSTITUTE OF MEDICINE (IOM), and encourage others to do the same.
- CHILDCARE DISCOUNT: THE INSTITUTE OF MEDICINE (IOM) offers a great discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: THE INSTITUTE OF MEDICINE (IOM) 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: THE INSTITUTE OF MEDICINE (IOM) offers an extraordinary daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: THE INSTITUTE OF MEDICINE (IOM) 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: THE INSTITUTE OF MEDICINE (IOM) offers a solid life insurance policy to its team members for an affordable price. THE INSTITUTE OF MEDICINE (IOM) 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: THE INSTITUTE OF MEDICINE (IOM) has an impressive 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: THE INSTITUTE OF MEDICINE (IOM) has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, THE INSTITUTE OF MEDICINE (IOM) stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: THE INSTITUTE OF MEDICINE (IOM) has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | THE INSTITUTE OF MEDICINE (IOM) | Industry | DC |
|---|---|---|---|
| 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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