This report analyzes and compares WOODS HOLE OCEANOGRAPHIC INSTITUTE'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
WOODS HOLE OCEANOGRAPHIC INSTITUTE has top-notch 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 WOODS HOLE OCEANOGRAPHIC INSTITUTE. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: WOODS HOLE OCEANOGRAPHIC INSTITUTE offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, WOODS HOLE OCEANOGRAPHIC INSTITUTE makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: WOODS HOLE OCEANOGRAPHIC INSTITUTE believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: WOODS HOLE OCEANOGRAPHIC INSTITUTE encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, WOODS HOLE OCEANOGRAPHIC INSTITUTE supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: WOODS HOLE OCEANOGRAPHIC INSTITUTE does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: WOODS HOLE OCEANOGRAPHIC INSTITUTE is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, WOODS HOLE OCEANOGRAPHIC INSTITUTE ensures that team members with a potential for becoming leaders can achieve their goals.
- 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 WOODS HOLE OCEANOGRAPHIC INSTITUTE offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: WOODS HOLE OCEANOGRAPHIC INSTITUTE knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to WOODS HOLE OCEANOGRAPHIC INSTITUTE.
- TUITION REIMBURSEMENT: WOODS HOLE OCEANOGRAPHIC INSTITUTE has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at WOODS HOLE OCEANOGRAPHIC INSTITUTE.
Benefit | WOODS HOLE OCEANOGRAPHIC INSTITUTE | 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
WOODS HOLE OCEANOGRAPHIC INSTITUTE 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 WOODS HOLE OCEANOGRAPHIC INSTITUTE's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WOODS HOLE OCEANOGRAPHIC INSTITUTE does not offer counseling.
- DENTAL PLAN: WOODS HOLE OCEANOGRAPHIC INSTITUTE cares about its team members' dental health so it offers an exceptional 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: WOODS HOLE OCEANOGRAPHIC INSTITUTE offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: WOODS HOLE OCEANOGRAPHIC INSTITUTE offers its team members superb 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. WOODS HOLE OCEANOGRAPHIC INSTITUTE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: WOODS HOLE OCEANOGRAPHIC INSTITUTE 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: Aware of the challenges that come with pregnancy, WOODS HOLE OCEANOGRAPHIC INSTITUTE has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: WOODS HOLE OCEANOGRAPHIC INSTITUTE does not offer telehealth.
- VISION PLAN: WOODS HOLE OCEANOGRAPHIC INSTITUTE 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 | WOODS HOLE OCEANOGRAPHIC INSTITUTE | 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
WOODS HOLE OCEANOGRAPHIC INSTITUTE 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: WOODS HOLE OCEANOGRAPHIC INSTITUTE has a first-class 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. WOODS HOLE OCEANOGRAPHIC INSTITUTE 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 first-class WOODS HOLE OCEANOGRAPHIC INSTITUTE has Matching program that matches 75% of employees' contributions. Whatever WOODS HOLE OCEANOGRAPHIC INSTITUTE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave WOODS HOLE OCEANOGRAPHIC INSTITUTE. Recognizing that every team member is unique, with specific needs and goals, WOODS HOLE OCEANOGRAPHIC INSTITUTE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: WOODS HOLE OCEANOGRAPHIC INSTITUTE does not offer adoption assistance reimbursement.
- BONUS PAY: WOODS HOLE OCEANOGRAPHIC INSTITUTE has a good 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: WOODS HOLE OCEANOGRAPHIC INSTITUTE cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: WOODS HOLE OCEANOGRAPHIC INSTITUTE has a good commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: WOODS HOLE OCEANOGRAPHIC INSTITUTE 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: WOODS HOLE OCEANOGRAPHIC INSTITUTE 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: WOODS HOLE OCEANOGRAPHIC INSTITUTE offers an exceptional life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: WOODS HOLE OCEANOGRAPHIC INSTITUTE 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: WOODS HOLE OCEANOGRAPHIC INSTITUTE has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, WOODS HOLE OCEANOGRAPHIC INSTITUTE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: WOODS HOLE OCEANOGRAPHIC INSTITUTE has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WOODS HOLE OCEANOGRAPHIC INSTITUTE | 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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