Federal Reserve Bank of Boston
Federal Reserve Bank of Boston Benefits Overview
The Boston Fed has very comprehensive compensation and benefits offerings, allowing us to focus on work-life balance while supporting the Bank’s primary focus - Public Service That Makes a Difference®. In addition to great healthcare, dental, prescription, and vision coverage, the Boston Fed offers a comprehensive Employee Assistance Program (EAP), health and dependent care flexible spending accounts. These benefits are available to employees, their qualified families, and domestic partners. The Boston Fed also has an onsite, state-of-the-art fitness facility, offers season flu shots, and wellness screenings.
Compensation + Benefits
Offers 401(K)
Offers disability insurance
Provides 401(K) matching
Offers life insurance
Provides adoption assistance
The Bank provides up to $5,000 in reimbursement associated with the cost of adopting a child.
Hosts company-sponsored family events
The Fed Society plans family oriented events a few times throughout the year.
Offers generous parental leave
Offers childcare benefits
Federal Reserve Bank of Boston provides backup child care assistance, including tutoring, in-home childcare and virtual child care assistance.
Provides family medical leave
Provides a post-parental leave return-to-work program
Offers dental insurance
Offers health insurance
Offers mental health benefits
Offers Flexible Spending Account (FSA)
Offers vision insurance
Offers performance bonuses
Company Culture
Provides commuter benefits
The Federal Reserve Bank of Boston offers pre-tax commuter benefits for all employees through Wage Works, including a $90 subsidy toward your transit monthly passes.
Has a dedicated diversity and inclusion staff
Has a highly diverse management team
Offers diversity-based Employee Resource Groups
The Boston Fed offers employees the chance to participate in employee resource groups (ERGs) and affinity groups with a specific interest. ERGs and affinity groups are a valuable component of the Bank
Has a diversity manifesto
Mandated unconscious bias training
Hiring practices promote diversity
We believe in the strength that comes from diverse perspectives, ideas, and approaches to solving important business problems. Our organization embraces diverse employees, constituents, and community
Utilizes a flexible work schedule
We believe a hybrid remote/in-office arrangement is part of the future of work at the Boston Fed, which will ultimately offer more flexibility.
Utilizes restricted work hours
Offers a remote work program
Remote work options include: • Office-based • Hybrid/scheduled • Hybrid/ad hoc • Primarily remote
Utilizes an open door policy that encourages accessibility
Engineering team utilizes pair programming
Uses an OKR operational model to clearly define goals and priorities
Open office floor plan to encourage communication and collaboration
Implements team-based strategic planning
Work-Life Balance + Wellbeing
Offers company-sponsored outings
Offers fitness stipend
The Bank offers a free on-site fitness center, including classes and open 24 hours a day.
Partners with nonprofits
Through the work of our Employee Resource Groups (ERG's) and other departments within the Boston Fed, we partner with local Non Profits as a way to give back to the communities where we live and work.
Offers team workouts
Provides opportunities to volunteer in the local community
The Boston Fed participates in local volunteer activities and provides each employee with two paid volunteer days.
Provides access to an onsite gym
Provides recreational clubs
Offers wellness programs
Offers generous PTO
Provides paid holidays
Offers paid volunteer time
The Federal Reserve Bank of Boston encourages employees to give back with paid volunteer time up to 16 hours a year.
Provides paid sick days
Career Growth + Development
Provides continuing education stipend
Offers mentorship program
Provides paid industry certifications
Provides tuition reimbursement
Job training & conferences
The Boston Fed offers employees professional development opportunities like onsite training courses and the ability to attend job related conferences and seminars.
Provides online course subscriptions
Hosts Lunch and Learns
Provides customized development tracks
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