This report analyzes and compares UNIVERSITY OF MICHIGAN MEDICAL SCHOOL's employee health insurance and employee benefits with its industry and in Michigan 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
UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has first-class 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 UNIVERSITY OF MICHIGAN MEDICAL SCHOOL. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, UNIVERSITY OF MICHIGAN MEDICAL SCHOOL makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that UNIVERSITY OF MICHIGAN MEDICAL SCHOOL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL is aware of the difficulties that new employees might experience when they join the team. That's why UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, UNIVERSITY OF MICHIGAN MEDICAL SCHOOL implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL does not offer tuition reimbursement.
Benefit | UNIVERSITY OF MICHIGAN MEDICAL SCHOOL | Industry | Michigan |
|---|---|---|---|
| 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
UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL does not offer counseling.
- DENTAL PLAN: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has a remarkable 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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. UNIVERSITY OF MICHIGAN MEDICAL SCHOOL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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 | UNIVERSITY OF MICHIGAN MEDICAL SCHOOL | Industry | Michigan |
|---|---|---|---|
| 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
UNIVERSITY OF MICHIGAN MEDICAL SCHOOL offers superb financial benefits for employees and their family members. A superb 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has an exceptional 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL offers a top-notch daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has a valuable disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL offers a great life insurance policy to its team members for an affordable price. UNIVERSITY OF MICHIGAN MEDICAL SCHOOL 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: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL does not offer paid volunteer time off.
- PARENTAL LEAVE: UNIVERSITY OF MICHIGAN MEDICAL SCHOOL has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | UNIVERSITY OF MICHIGAN MEDICAL SCHOOL | Industry | Michigan |
|---|---|---|---|
| 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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