Altarum's base pay approach recognizes the importance of competitive rewards as a key element to ensure rewarding career opportunities for those Altarum employees who pursue technical excellence, customer satisfaction, productivity, corporate growth, and personal responsibility. Pay policies and practices within Altarum support fairness, equity, and collaboration among the Institute's various operating groups.

The primary principle in determining base pay levels is competitive external pay practices for comparable positions and skill sets within our own industry, as well as in segments of the broader corporate community, with which we must compete for similar employee competencies and skills.

In addition to base salary, Altarum offers an annual bonus program designed to motivate and reward employees for the attainment of company-wide operational performance goals, and to reward outstanding individual performance.

Altarum offers a generous, comprehensive array of health and welfare benefits. All health and welfare benefits, with the exception of disability coverage, are effective the day you begin work. Insurance for medical, dental, and vision coverage is available for single, two-person, and family, including same-sex domestic partners. An overview of the benefits is presented here:

Medical Coverage: Altarum knows that no one plan design is the best fit for everyone.  That’s why we offer a Traditional PPO Plan as well as two Consumer Directed Health Plans (CDHPs). The traditional PPO provides for certain services such as a primary care physician, specialists, urgent care visits and prescriptions to be covered with a flat copay. Altarum’s CDHPs plans have a lower premium and a higher deductible than the Traditional PPO and are coupled with a health savings account or health reimbursement account. You can use either account to pay for qualified health care expenses. Additionally, participants in the CDHP receive generous employer contributions into their health savings account each pay period.

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Medical Opt-Out: Altarum wants to offer choice and a benefit to employees with access to medical coverage through another source. Employees who opt out of medical coverage will receive an opt-out payment each pay period and are still eligible to receive all other elected benefits. 

Dental Coverage: Altarum’s dental plan provides coverage at four levels — preventive, diagnostic, prosthodontic, and orthodontic (for dependents under age 19.) Costs for preventive services are covered at 100%.

Vision Coverage: Altarum offers a company-paid basic vision plan as well as a supplemental materials plan.

Reimbursement Accounts: Altarum offers you an opportunity to set aside pre-tax dollars from your paycheck. You can use these untaxed dollars to pay for certain types of medical and dependent care. Parking and Mass Transit accounts are also available to employees in the DC metropolitan area.

Voluntary Benefits: Altarum offers voluntary benefits to help employees manage out-of-pocket expenses related to accidents, critical illness diagnoses, and hospital stays.

Employee Assistance Plan (EAP): Altarum offers a company-sponsored EAP that provides employees with 24/7, 365-day confidential support. Offerings include daily life assistance, stress management, financial services, and much more.

Headspace:  Altarum is pleased to partner with Headspace to offer tools to help you live your whole day in the moment, from focusing on work to moving your body.  Headspace is a company-paid benefit.

Life and Accidental Death and Dismemberment Insurance: Basic life insurance is offered at twice your annual salary, up to $500,000 at no cost to you. You may also buy additional life insurance under the current policy.

Disability Coverage: Along with life and accidental death and dismemberment insurance, Altarum provides both long-term and short-term disability coverage at no cost to you.

Altarum offers a 401(k) plan that is designed to help employees save for retirement in a tax-effective manner. The 401(k) plan helps provide employees with a solid foundation for added financial security during their retirement years. There are two components to the Altarum retirement plan: the employer contribution and the employee contribution. Altarum contributes 3% of an employee’s eligible pay and bonus  to their 401(k) plan each pay period. There is also a gainsharing contribution opportunity that could range from 0-4% based on company performance. Employee contributions to the plan can be made pre-tax or post-tax (Roth option). With the Altarum 401(k) plan, employees are always 100% vested in their contributions and rollover contributions, plus any earnings that they generate.

Altarum recognizes that a well-rounded life is essential to employee health.  We offer paid time off, holiday pay, and floating holidays to encourage employee well-being. Access to an employee assistance plan to help employees achieve that balance.

Paid Time Off: Paid time off is accrued each pay period and is available for immediate use. 

Holiday: Altarum offers 8 fixed holidays in addition to floating holidays.

Bonding Leave: Altarum offers paid leave to bond with a child added to your family through birth, surrogacy, and placement for adoption or foster care.  The leave is available to both birth and non-birth parents. 

In support of professional growth, Altarum offers educational assistance and training opportunities. All regular employees working at a 50% appointment or greater are eligible for the full amount of tuition assistance. Educational assistance is typically paid in advance of course completion and covers tuition, registration fees, continuing education fees, and technology fees up to $5,250 per calendar year.