This report analyzes and compares BOSTON CHILDREN'S HOSPITAL'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
BOSTON CHILDREN'S HOSPITAL has superb 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 BOSTON CHILDREN'S HOSPITAL. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BOSTON CHILDREN'S HOSPITAL offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, BOSTON CHILDREN'S HOSPITAL makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, BOSTON CHILDREN'S HOSPITAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows BOSTON CHILDREN'S HOSPITAL to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: BOSTON CHILDREN'S HOSPITAL has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: BOSTON CHILDREN'S HOSPITAL is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, BOSTON CHILDREN'S HOSPITAL ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: BOSTON CHILDREN'S HOSPITAL offers a superior 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: Aware of the fact that its team members work hard, BOSTON CHILDREN'S HOSPITAL implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: BOSTON CHILDREN'S HOSPITAL does not offer tuition reimbursement.
Benefit | BOSTON CHILDREN'S HOSPITAL | 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
BOSTON CHILDREN'S HOSPITAL 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 BOSTON CHILDREN'S HOSPITAL's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BOSTON CHILDREN'S HOSPITAL wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superb 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: Team members at BOSTON CHILDREN'S HOSPITAL have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. BOSTON CHILDREN'S HOSPITAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: BOSTON CHILDREN'S HOSPITAL provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: BOSTON CHILDREN'S HOSPITAL is aware of the fact that a healthy employee is a productive employee so it offers extraordinary 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: BOSTON CHILDREN'S HOSPITAL has a top-notch 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: BOSTON CHILDREN'S HOSPITAL has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: BOSTON CHILDREN'S HOSPITAL 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: BOSTON CHILDREN'S HOSPITAL 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 | BOSTON CHILDREN'S HOSPITAL | 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
BOSTON CHILDREN'S HOSPITAL 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: BOSTON CHILDREN'S HOSPITAL has a superb 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. BOSTON CHILDREN'S HOSPITAL 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 superb BOSTON CHILDREN'S HOSPITAL has Matching program that matches 75% of employees' contributions. Whatever BOSTON CHILDREN'S HOSPITAL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BOSTON CHILDREN'S HOSPITAL. Recognizing that every team member is unique, with specific needs and goals, BOSTON CHILDREN'S HOSPITAL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BOSTON CHILDREN'S HOSPITAL has a valuable 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: BOSTON CHILDREN'S HOSPITAL has a suitable 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: BOSTON CHILDREN'S HOSPITAL has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: BOSTON CHILDREN'S HOSPITAL 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: BOSTON CHILDREN'S HOSPITAL offers a first-class daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: BOSTON CHILDREN'S HOSPITAL offers a superior 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: BOSTON CHILDREN'S HOSPITAL 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: BOSTON CHILDREN'S HOSPITAL wants for its team members to lead a happy and fulfilled life so it has a valuable 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: BOSTON CHILDREN'S HOSPITAL has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, BOSTON CHILDREN'S HOSPITAL stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: BOSTON CHILDREN'S HOSPITAL has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BOSTON CHILDREN'S HOSPITAL | 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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