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porphyrinHaving never held a 'real job', I need some advice.
Do those sound like /poor/ fringe benefits or *good* fringe benefits?
1. BCBS coverage for the entire family, with any visits to any doctors at any of the St. Cloud Medical Group clinics being gratis (imaging other than plain X-ray is not gratis, but is covered by BCBS)
2. 401 K which you are eligible for after your first year (okay, 17 months because of the enrollment period) with 12 funds to choose from, and the employer matches 75 cents to the dollar, fully vested after 6 years (0%, 20%, 40$, etc), plus any quarterly profits being placed in the 401K after the first year
3. Life insurance-- 20K worth.
4. Disability insurance-- 4-6K of portable insurance and then non-portable to 65% of your income.
5. All moving expenses paid for.
6. 5 paid sick days. 16 vacation days. 4 Continuing Medical Education days (count as vacation).
7. $3K toward continuing medical education expenses.
8. $1K to cover your choice of dental & optical plans for the year.
Maybe I'm just razzle-dazzled by my first job offer ever?
Do those sound like /poor/ fringe benefits or *good* fringe benefits?
1. BCBS coverage for the entire family, with any visits to any doctors at any of the St. Cloud Medical Group clinics being gratis (imaging other than plain X-ray is not gratis, but is covered by BCBS)
2. 401 K which you are eligible for after your first year (okay, 17 months because of the enrollment period) with 12 funds to choose from, and the employer matches 75 cents to the dollar, fully vested after 6 years (0%, 20%, 40$, etc), plus any quarterly profits being placed in the 401K after the first year
3. Life insurance-- 20K worth.
4. Disability insurance-- 4-6K of portable insurance and then non-portable to 65% of your income.
5. All moving expenses paid for.
6. 5 paid sick days. 16 vacation days. 4 Continuing Medical Education days (count as vacation).
7. $3K toward continuing medical education expenses.
8. $1K to cover your choice of dental & optical plans for the year.
Maybe I'm just razzle-dazzled by my first job offer ever?
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Date: 2004-09-21 02:20 pm (UTC)(We get $2 for every $1 up to 5% of our income in 401k (which means you can sock away the equivalent of 15% of your salary every year), which begins a month after you sign up; 15 sick days; at least 12 vacation days, if not 24 (depends on your job class and your seniority); and our choice of half a dozen HMO's or insurance deals, including BCBS; all kinds of dental and vision options; 5 times your salary in life insurance; full disability; tuition reimbursement of about $1200 a term.) So, that's University of Michigan, and as far as I know, doctors and regular library peons such as myself are extended the same benefits.
On the other hand, we are paid for shit.
Duke University has a very similar plan, according to my mother (who is on the nursing staff)--slightly less salary matching in the 401k, slightly more in the tuition plan (actually a lot more--they paid my mom $10k a year for me to go to college). They had better benefits 10 years ago (more sick/vacation days, and lately, sick/vacation have been combined into "personal time" but they are still pretty good).
Considering these are the two workplace benefits-systems I know... I don't know. It could be a luck of the draw sampling, and I just happened to be lucky. But I thought you should know that there are better options out there.
Of course, that isn't bad (it's about on par with what my brothers-in-law get with corporate America) and if you've been paying through the nose for insurance, or relying on student-level insurance, or just not having any... then yeah. What Bear said.