This report analyzes and compares UMASS MEMORIAL HEALTH CARE'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
UMASS MEMORIAL HEALTH CARE 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 UMASS MEMORIAL HEALTH CARE. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: UMASS MEMORIAL HEALTH CARE offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, UMASS MEMORIAL HEALTH CARE makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: UMASS MEMORIAL HEALTH CARE believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: UMASS MEMORIAL HEALTH CARE offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: UMASS MEMORIAL HEALTH CARE does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: UMASS MEMORIAL HEALTH CARE believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that UMASS MEMORIAL HEALTH CARE provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why UMASS MEMORIAL HEALTH CARE offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: UMASS MEMORIAL HEALTH CARE knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to UMASS MEMORIAL HEALTH CARE.
- TUITION REIMBURSEMENT: UMASS MEMORIAL HEALTH CARE has a great 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 | UMASS MEMORIAL HEALTH CARE | 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
UMASS MEMORIAL HEALTH CARE offers remarkable 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 UMASS MEMORIAL HEALTH CARE's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: UMASS MEMORIAL HEALTH CARE does not offer counseling.
- DENTAL PLAN: UMASS MEMORIAL HEALTH CARE offers a solid 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: UMASS MEMORIAL HEALTH CARE offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: UMASS MEMORIAL HEALTH CARE is aware of the fact that a healthy employee is a productive employee so it offers impressive 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: UMASS MEMORIAL HEALTH CARE has a first-class 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: UMASS MEMORIAL HEALTH CARE offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: UMASS MEMORIAL HEALTH CARE has a solid telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. UMASS MEMORIAL HEALTH CARE can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: UMASS MEMORIAL HEALTH CARE provides a superb 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 | UMASS MEMORIAL HEALTH CARE | 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
UMASS MEMORIAL HEALTH CARE offers top-notch financial benefits for employees and their family members. A top-notch 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: UMASS MEMORIAL HEALTH CARE 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, UMASS MEMORIAL HEALTH CARE 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, UMASS MEMORIAL HEALTH CARE offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: UMASS MEMORIAL HEALTH CARE has an impressive Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: UMASS MEMORIAL HEALTH CARE offers superior bonuses to team members who excel in their field of work, provide extraordinary results for UMASS MEMORIAL HEALTH CARE, and encourage others to do the same.
- CHILDCARE DISCOUNT: UMASS MEMORIAL HEALTH CARE does not offer childcare discount.
- COMMUTER BENEFIT: UMASS MEMORIAL HEALTH CARE offers excellent 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: UMASS MEMORIAL HEALTH CARE offers an exceptional 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: UMASS MEMORIAL HEALTH CARE has an exceptional 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: UMASS MEMORIAL HEALTH CARE has a first-class 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: UMASS MEMORIAL HEALTH CARE 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: UMASS MEMORIAL HEALTH CARE does not offer paid volunteer time off.
- PARENTAL LEAVE: UMASS MEMORIAL HEALTH CARE has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | UMASS MEMORIAL HEALTH CARE | 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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