This report analyzes and compares OM ASSET MANAGEMENT (OMAM)'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
OM ASSET MANAGEMENT (OMAM) offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. OM ASSET MANAGEMENT (OMAM) 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: OM ASSET MANAGEMENT (OMAM) offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, OM ASSET MANAGEMENT (OMAM) makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: OM ASSET MANAGEMENT (OMAM) believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: OM ASSET MANAGEMENT (OMAM) encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, OM ASSET MANAGEMENT (OMAM) 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: OM ASSET MANAGEMENT (OMAM) does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: OM ASSET MANAGEMENT (OMAM) does not offer leadership programs.
- ONBOARDING: OM ASSET MANAGEMENT (OMAM) is aware of the difficulties that new employees might experience when they join the team. That's why OM ASSET MANAGEMENT (OMAM) has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: OM ASSET MANAGEMENT (OMAM) has a superb 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: OM ASSET MANAGEMENT (OMAM) does not offer tuition reimbursement.
Benefit | OM ASSET MANAGEMENT (OMAM) | 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
OM ASSET MANAGEMENT (OMAM) 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 OM ASSET MANAGEMENT (OMAM)'s superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: OM ASSET MANAGEMENT (OMAM) does not offer counseling.
- DENTAL PLAN: OM ASSET MANAGEMENT (OMAM) cares about its team members' dental health so it offers an exceptional dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: OM ASSET MANAGEMENT (OMAM) offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: OM ASSET MANAGEMENT (OMAM) 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. OM ASSET MANAGEMENT (OMAM) provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, OM ASSET MANAGEMENT (OMAM) offers a great healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: OM ASSET MANAGEMENT (OMAM) offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: OM ASSET MANAGEMENT (OMAM) has a solid 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. OM ASSET MANAGEMENT (OMAM) can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: OM ASSET MANAGEMENT (OMAM) offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | OM ASSET MANAGEMENT (OMAM) | 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
OM ASSET MANAGEMENT (OMAM) offers first-class financial benefits for employees and their family members. A first-class 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: OM ASSET MANAGEMENT (OMAM) does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: OM ASSET MANAGEMENT (OMAM) has a great 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: OM ASSET MANAGEMENT (OMAM) has a great 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: OM ASSET MANAGEMENT (OMAM) cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: OM ASSET MANAGEMENT (OMAM) has a suitable 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: OM ASSET MANAGEMENT (OMAM) 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: OM ASSET MANAGEMENT (OMAM) 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: OM ASSET MANAGEMENT (OMAM) offers a solid life insurance policy to its team members for an affordable price. OM ASSET MANAGEMENT (OMAM) 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: OM ASSET MANAGEMENT (OMAM) has an impressive 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: OM ASSET MANAGEMENT (OMAM) has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, OM ASSET MANAGEMENT (OMAM) stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: OM ASSET MANAGEMENT (OMAM) has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | OM ASSET MANAGEMENT (OMAM) | 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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