This report analyzes and compares OLIVER WYMAN'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
OLIVER WYMAN 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 OLIVER WYMAN. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: OLIVER WYMAN continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that OLIVER WYMAN uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: OLIVER WYMAN does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: OLIVER WYMAN encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, OLIVER WYMAN supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: OLIVER WYMAN does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: OLIVER WYMAN believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that OLIVER WYMAN provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: OLIVER WYMAN does not offer onboarding.
- RECOGNITION PROGRAMS: OLIVER WYMAN has a superior 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: OLIVER WYMAN realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | OLIVER WYMAN | 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
OLIVER WYMAN offers superb 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 OLIVER WYMAN's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: OLIVER WYMAN does not offer counseling.
- DENTAL PLAN: Team members at OLIVER WYMAN have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. OLIVER WYMAN partially pays for dentures and braces as well.
- HEALTH INSURANCE: OLIVER WYMAN offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: OLIVER WYMAN offers its team members top-notch 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. OLIVER WYMAN provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: OLIVER WYMAN has a superior 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: OLIVER WYMAN has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: OLIVER WYMAN has an extraordinary 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: OLIVER WYMAN has an outstanding Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | OLIVER WYMAN | 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
OLIVER WYMAN 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: OLIVER WYMAN 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. OLIVER WYMAN 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 OLIVER WYMAN has Matching program that matches 75% of employees' contributions. Whatever OLIVER WYMAN contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave OLIVER WYMAN. Recognizing that every team member is unique, with specific needs and goals, OLIVER WYMAN keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: OLIVER WYMAN has an impressive Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: OLIVER WYMAN has a valuable 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: OLIVER WYMAN cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: OLIVER WYMAN acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: OLIVER WYMAN has a valuable 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: OLIVER WYMAN 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: OLIVER WYMAN 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: OLIVER WYMAN wants for its team members to lead a happy and fulfilled life so it has a suitable 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: OLIVER WYMAN does not offer paid volunteer time off.
- PARENTAL LEAVE: OLIVER WYMAN has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | OLIVER WYMAN | 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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