Virgin Pulse is a company that provides corporate wellness software and services. As an employer in the technology industry, Virgin Pulse’s compensation practices are often of interest to job seekers and current employees. In this article, we’ll examine Virgin Pulse’s pay structure and benefits to determine if they offer competitive pay.
Virgin Pulse Salaries
Virgin Pulse does not publicly disclose salary ranges for most positions. However, some insight into pay can be gained by looking at self-reported salaries on sites like Glassdoor and PayScale.
Based on user-submitted data, the average base pay at Virgin Pulse is around $75,000 per year. However, there is significant variation across roles. Some key positions and their average reported salaries include:
Position | Average Reported Salary |
Software Engineer | $90,000 |
Account Executive | $65,000 |
Product Manager | $115,000 |
Project Manager | $85,000 |
These self-reported numbers indicate that engineering and product management roles tend to pay above the company average, while sales and account management positions fall slightly below. Overall, salaries appear competitive with similar roles at other mid-sized technology companies.
Virgin Pulse Benefits
In addition to base salary, Virgin Pulse offers a comprehensive benefits package to supplement employee compensation. Some highlights of their benefits include:
- Health insurance – Virgin Pulse covers a portion of employee medical, dental, and vision insurance. Employees have access to several plan options.
- Retirement savings – 401(k) plan available with company match of up to 4% of salary.
- Stock options – Select positions are eligible for stock option grants.
- Flexible vacation – Unlimited PTO for all employees.
- Parental leave – 12 weeks paid leave for new parents.
- Wellness perks – Free membership to Virgin Pulse wellness platform, fitness incentives, etc.
The flexible vacation policy, stock options, and parental leave are particularly strong benefits that enhance the competitiveness of Virgin Pulse’s compensation. These kinds of perks can often add significantly to an employee’s effective total rewards.
Virgin Pulse Pay Compared to Industry
How does Virgin Pulse’s pay stack up against others in their industry? Software and technology companies are known for having some of the highest salaries and best benefits compared to other industries. Here’s how Virgin Pulse pay compares to industry averages, according to PayScale data:
Position | Virgin Pulse Average Salary | Software Industry Average Salary |
Software Engineer | $90,000 | $92,000 |
Product Manager | $115,000 | $120,000 |
Project Manager | $85,000 | $90,000 |
For most roles, Virgin Pulse salaries appear very competitive compared to industry averages. They are within a close range for key engineering and product positions. Given their comprehensive benefits program, the total rewards package at Virgin Pulse stands up very well relative to competitors.
Virgin Pulse Pay Compared to Cost of Living
While pay seems competitive based on industry data, it’s also important to consider salaries in light of cost of living. Virgin Pulse is headquartered in Massachusetts, which has a higher than average cost of living compared to other parts of the country.
The table below shows how Virgin Pulse salaries compare to average salaries and cost of living in various metro areas:
City | Average Software Engineer Salary | Cost of Living Index | Adjusted Salary |
Boston, MA | $120,000 | 135 | $88,888 |
Raleigh, NC | $105,000 | 96 | $109,375 |
Denver, CO | $115,000 | 102 | $112,745 |
This comparison shows that while the Boston average salary is higher, the cost of living index adjusts the salary down significantly compared to other metro areas. So Virgin Pulse’s $90,000 salary would go further in a place like Raleigh or Denver than it would in the Boston metropolitan area.
How Virgin Pulse Pay Ranks for Job Satisfaction
Salary isn’t everything when it comes to employee satisfaction. The work culture and environment also play a big role. Here’s how Virgin Pulse employees rate pay and overall satisfaction based on Glassdoor data:
Percent Satisfied | |
Compensation & Benefits | 70% |
Overall Rating | 4.2 out of 5 |
Recommend to Friend | 93% |
The high overall ratings and percentage who would recommend Virgin Pulse to a friend indicate that most employees are very satisfied with their experience. While compensation satisfaction is slightly lower at 70%, this is likely because it is being compared against other highly-rated aspects of working there.
What Employees Like About Compensation
By analyzing employee reviews, we can see what people like about pay at Virgin Pulse:
- Competitive salaries in the Boston area
- Good 401(k) matching
- Opportunities for bonuses and equity
- Fully paid health insurance
- Unlimited vacation days
These positives point to competitive base salaries, strong benefits, and good incentives through bonus opportunities. The unlimited vacation policy is also a frequently cited upside.
Areas for Improvement
While overall satisfaction is high, employees note some areas for improvement, including:
- Salary bands could be increased
- Bonuses are tied closely to sales or budgets
- Equity opportunities limited for non-executives
- Premium health insurance plans have high deductibles
Expanding salary ranges, having more equitable bonuses not tied directly to sales, and extending stock options deeper into the organization could help improve satisfaction. But overall, most feel pay is fair for the industry.
Conclusion
Based on available data, Virgin Pulse appears to offer competitive compensation packages within the software industry. Salaries and total rewards are on par for the location and role types when taking into account cost of living differences. There are certainly areas that could be improved, but overall employee satisfaction remains high.
Candidates and employees looking for strong pay, great benefits, and a positive work culture will likely find their needs met at Virgin Pulse. As long as expectations are set accurately for the role and location, Virgin Pulse represents a great employer choice within the technology sector.