This report analyzes and compares THERMO FISHER SCIENTIFIC'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
THERMO FISHER SCIENTIFIC has remarkable 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 THERMO FISHER SCIENTIFIC. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: THERMO FISHER SCIENTIFIC offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, THERMO FISHER SCIENTIFIC makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: THERMO FISHER SCIENTIFIC does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: THERMO FISHER SCIENTIFIC offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: THERMO FISHER SCIENTIFIC has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: THERMO FISHER SCIENTIFIC believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that THERMO FISHER SCIENTIFIC provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: THERMO FISHER SCIENTIFIC is aware of the difficulties that new employees might experience when they join the team. That's why THERMO FISHER SCIENTIFIC has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: THERMO FISHER SCIENTIFIC 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: THERMO FISHER SCIENTIFIC 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 | THERMO FISHER SCIENTIFIC | 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
THERMO FISHER SCIENTIFIC 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 THERMO FISHER SCIENTIFIC's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: THERMO FISHER SCIENTIFIC wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: THERMO FISHER SCIENTIFIC offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: THERMO FISHER SCIENTIFIC offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: THERMO FISHER SCIENTIFIC offers its team members top-notch health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. THERMO FISHER SCIENTIFIC provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: THERMO FISHER SCIENTIFIC offers an extraordinary 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, THERMO FISHER SCIENTIFIC has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: THERMO FISHER SCIENTIFIC has implemented a first-class telehealth policy for its members to use any time of the day, every single day. THERMO FISHER SCIENTIFIC covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: THERMO FISHER SCIENTIFIC provides a top-notch 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 | THERMO FISHER SCIENTIFIC | 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
Team members enjoy suitable financial benefits at THERMO FISHER SCIENTIFIC. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. THERMO FISHER SCIENTIFIC offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect THERMO FISHER SCIENTIFIC to partially cover the expenses.
- 401(K) PLAN: THERMO FISHER SCIENTIFIC knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and THERMO FISHER SCIENTIFIC will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, THERMO FISHER SCIENTIFIC provides resources which will help team members decide what to do with their 401(k) plan. THERMO FISHER SCIENTIFIC offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: THERMO FISHER SCIENTIFIC does not offer adoption assistance reimbursement.
- BONUS PAY: THERMO FISHER SCIENTIFIC has a solid 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: THERMO FISHER SCIENTIFIC offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: THERMO FISHER SCIENTIFIC 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: THERMO FISHER SCIENTIFIC offers an impressive 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: THERMO FISHER SCIENTIFIC 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: THERMO FISHER SCIENTIFIC offers a valuable life insurance policy to its team members for an affordable price. THERMO FISHER SCIENTIFIC 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: THERMO FISHER SCIENTIFIC wants for its team members to lead a happy and fulfilled life so it has a solid vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: THERMO FISHER SCIENTIFIC 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 THERMO FISHER SCIENTIFIC, on volunteer work of their choice.
- PARENTAL LEAVE: THERMO FISHER SCIENTIFIC has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | THERMO FISHER SCIENTIFIC | 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 |
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