This report analyzes and compares HARVARD MAGAZINE'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
HARVARD MAGAZINE offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. HARVARD MAGAZINE believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: HARVARD MAGAZINE believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. HARVARD MAGAZINE has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: HARVARD MAGAZINE offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: HARVARD MAGAZINE encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, HARVARD MAGAZINE supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: HARVARD MAGAZINE has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: HARVARD MAGAZINE offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by HARVARD MAGAZINE to grow as leaders and learn how to make tough calls.
- ONBOARDING: HARVARD MAGAZINE does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, HARVARD MAGAZINE implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: HARVARD MAGAZINE realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | HARVARD MAGAZINE | 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
HARVARD MAGAZINE offers superior 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 HARVARD MAGAZINE's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: HARVARD MAGAZINE does not offer counseling.
- DENTAL PLAN: Team members at HARVARD MAGAZINE have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. HARVARD MAGAZINE partially pays for dentures and braces as well.
- HEALTH INSURANCE: HARVARD MAGAZINE offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: HARVARD MAGAZINE 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: HARVARD MAGAZINE 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: Aware of the challenges that come with pregnancy, HARVARD MAGAZINE has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: HARVARD MAGAZINE has an impressive 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: HARVARD MAGAZINE offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | HARVARD MAGAZINE | 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
HARVARD MAGAZINE 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: HARVARD MAGAZINE has a top-notch 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. HARVARD MAGAZINE 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 top-notch HARVARD MAGAZINE has Matching program that matches 75% of employees' contributions. Whatever HARVARD MAGAZINE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave HARVARD MAGAZINE. Recognizing that every team member is unique, with specific needs and goals, HARVARD MAGAZINE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: HARVARD MAGAZINE has a first-class Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by HARVARD MAGAZINE.
- BONUS PAY: HARVARD MAGAZINE has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: HARVARD MAGAZINE does not offer childcare discount.
- COMMUTER BENEFIT: HARVARD MAGAZINE offers outstanding 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: HARVARD MAGAZINE has a great 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: HARVARD MAGAZINE 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: HARVARD MAGAZINE has a superb 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: HARVARD MAGAZINE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why HARVARD MAGAZINE has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: HARVARD MAGAZINE does not offer paid volunteer time off.
- PARENTAL LEAVE: HARVARD MAGAZINE has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | HARVARD MAGAZINE | 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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