This report analyzes and compares MCKINSEY & COMPANY'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
MCKINSEY & COMPANY offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. MCKINSEY & COMPANY believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: MCKINSEY & COMPANY believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. MCKINSEY & COMPANY has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: MCKINSEY & COMPANY does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: MCKINSEY & COMPANY offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: MCKINSEY & COMPANY does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: MCKINSEY & COMPANY offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by MCKINSEY & COMPANY to grow as leaders and learn how to make tough calls.
- ONBOARDING: MCKINSEY & COMPANY is aware of the difficulties that new employees might experience when they join the team. That's why MCKINSEY & COMPANY has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: MCKINSEY & COMPANY 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 MCKINSEY & COMPANY.
- TUITION REIMBURSEMENT: MCKINSEY & COMPANY 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 MCKINSEY & COMPANY.
Benefit | MCKINSEY & COMPANY | 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
MCKINSEY & COMPANY has great health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers great dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a great healthcare spending account at their disposal.
- COUNSELING: MCKINSEY & COMPANY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MCKINSEY & COMPANY implemented a great 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 great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: MCKINSEY & COMPANY offers a good 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: MCKINSEY & COMPANY offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: MCKINSEY & COMPANY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: MCKINSEY & COMPANY offers an exceptional healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, MCKINSEY & COMPANY has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: MCKINSEY & COMPANY does not offer telehealth.
- VISION PLAN: MCKINSEY & COMPANY provides a first-class 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 | MCKINSEY & COMPANY | 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
Team members enjoy great financial benefits at MCKINSEY & COMPANY. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. MCKINSEY & COMPANY offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MCKINSEY & COMPANY to partially cover the expenses.
- 401(K) PLAN: MCKINSEY & COMPANY does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MCKINSEY & COMPANY does not offer adoption assistance reimbursement.
- BONUS PAY: MCKINSEY & COMPANY offers superb bonuses to team members who excel in their field of work, provide extraordinary results for MCKINSEY & COMPANY, and encourage others to do the same.
- CHILDCARE DISCOUNT: MCKINSEY & COMPANY does not offer childcare discount.
- COMMUTER BENEFIT: MCKINSEY & COMPANY 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: MCKINSEY & COMPANY 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: MCKINSEY & COMPANY offers a superb 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: MCKINSEY & COMPANY 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: MCKINSEY & COMPANY wants for its team members to lead a happy and fulfilled life so it has a great 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: MCKINSEY & COMPANY believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why MCKINSEY & COMPANY offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: MCKINSEY & COMPANY has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MCKINSEY & COMPANY | 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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