This report analyzes and compares MADISON SQUARE GARDEN's employee health insurance and employee benefits with its industry and in New York 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
MADISON SQUARE GARDEN has superior 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 MADISON SQUARE GARDEN. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MADISON SQUARE GARDEN continually evaluates its team members to determine the potential and direction of employees' careers. The exceptional tools that MADISON SQUARE GARDEN uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: MADISON SQUARE GARDEN believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows MADISON SQUARE GARDEN to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MADISON SQUARE GARDEN has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MADISON SQUARE GARDEN believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that MADISON SQUARE GARDEN provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: MADISON SQUARE GARDEN is aware of the difficulties that new employees might experience when they join the team. That's why MADISON SQUARE GARDEN has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: MADISON SQUARE GARDEN has a top-notch 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: MADISON SQUARE GARDEN has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at MADISON SQUARE GARDEN.
Benefit | MADISON SQUARE GARDEN | Industry | New York |
|---|---|---|---|
| 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
MADISON SQUARE GARDEN 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 MADISON SQUARE GARDEN's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MADISON SQUARE GARDEN is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MADISON SQUARE GARDEN implemented a solid counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at MADISON SQUARE GARDEN 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. MADISON SQUARE GARDEN partially pays for dentures and braces as well.
- HEALTH INSURANCE: MADISON SQUARE GARDEN offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, MADISON SQUARE GARDEN offers suitable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: MADISON SQUARE GARDEN 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: Aware of the challenges that come with pregnancy, MADISON SQUARE GARDEN has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: MADISON SQUARE GARDEN has a good 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. MADISON SQUARE GARDEN can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: MADISON SQUARE GARDEN provides a superior 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 | MADISON SQUARE GARDEN | Industry | New York |
|---|---|---|---|
| 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
MADISON SQUARE GARDEN 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: MADISON SQUARE GARDEN has an impressive 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, MADISON SQUARE GARDEN offers an impressive 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, MADISON SQUARE GARDEN offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MADISON SQUARE GARDEN does not offer adoption assistance reimbursement.
- BONUS PAY: MADISON SQUARE GARDEN has an impressive 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: MADISON SQUARE GARDEN does not offer childcare discount.
- COMMUTER BENEFIT: MADISON SQUARE GARDEN has a great 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: MADISON SQUARE GARDEN has a suitable 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: MADISON SQUARE GARDEN offers a top-notch 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: MADISON SQUARE GARDEN offers a valuable life insurance policy to its team members for an affordable price. MADISON SQUARE GARDEN 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: MADISON SQUARE GARDEN has an excellent 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: MADISON SQUARE GARDEN 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, MADISON SQUARE GARDEN stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MADISON SQUARE GARDEN has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MADISON SQUARE GARDEN | Industry | New York |
|---|---|---|---|
| 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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