This report analyzes and compares WYSS INSTITUTE'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
WYSS INSTITUTE offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. WYSS INSTITUTE believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: WYSS INSTITUTE believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. WYSS INSTITUTE has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: WYSS INSTITUTE believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: WYSS INSTITUTE encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, WYSS INSTITUTE supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: WYSS INSTITUTE does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: WYSS INSTITUTE is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, WYSS INSTITUTE ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: WYSS INSTITUTE does not offer onboarding.
- RECOGNITION PROGRAMS: WYSS INSTITUTE has a remarkable 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: WYSS INSTITUTE 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 | WYSS INSTITUTE | 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
WYSS INSTITUTE offers top-notch 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 WYSS INSTITUTE's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WYSS INSTITUTE has an excellent counseling program for its employees and their family members. Team members are encouraged by WYSS INSTITUTE to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at WYSS INSTITUTE have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. WYSS INSTITUTE partially pays for dentures and braces as well.
- HEALTH INSURANCE: WYSS INSTITUTE offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: WYSS INSTITUTE 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: WYSS INSTITUTE offers an impressive 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: WYSS INSTITUTE offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: WYSS INSTITUTE has an impressive 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: WYSS INSTITUTE offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | WYSS INSTITUTE | 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
WYSS INSTITUTE offers top-notch financial benefits for employees and their family members. A top-notch 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: WYSS INSTITUTE has a superior 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. WYSS INSTITUTE 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 superior WYSS INSTITUTE has Matching program that matches 75% of employees' contributions. Whatever WYSS INSTITUTE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave WYSS INSTITUTE. Recognizing that every team member is unique, with specific needs and goals, WYSS INSTITUTE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: WYSS INSTITUTE has a valuable 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: WYSS INSTITUTE has a suitable 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: WYSS INSTITUTE cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: WYSS INSTITUTE has a good 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: WYSS INSTITUTE offers a first-class 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: WYSS INSTITUTE 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: WYSS INSTITUTE offers a solid life insurance policy to its team members for an affordable price. WYSS INSTITUTE 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: WYSS INSTITUTE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why WYSS INSTITUTE has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: WYSS INSTITUTE has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, WYSS INSTITUTE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: WYSS INSTITUTE has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WYSS INSTITUTE | 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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