This report analyzes and compares FREEPORT-MCMORAN COPPER & GOLD's employee health insurance and employee benefits with its industry and in Arizona 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
FREEPORT-MCMORAN COPPER & GOLD offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FREEPORT-MCMORAN COPPER & GOLD believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: FREEPORT-MCMORAN COPPER & GOLD offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, FREEPORT-MCMORAN COPPER & GOLD makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: FREEPORT-MCMORAN COPPER & GOLD 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: FREEPORT-MCMORAN COPPER & GOLD encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, FREEPORT-MCMORAN COPPER & GOLD 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: FREEPORT-MCMORAN COPPER & GOLD has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: FREEPORT-MCMORAN COPPER & GOLD does not offer leadership programs.
- ONBOARDING: FREEPORT-MCMORAN COPPER & GOLD does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, FREEPORT-MCMORAN COPPER & GOLD implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: FREEPORT-MCMORAN COPPER & GOLD has a good Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | FREEPORT-MCMORAN COPPER & GOLD | Industry | Arizona |
|---|---|---|---|
| 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
FREEPORT-MCMORAN COPPER & GOLD offers remarkable 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 FREEPORT-MCMORAN COPPER & GOLD's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FREEPORT-MCMORAN COPPER & GOLD has an impressive counseling program for its employees and their family members. Team members are encouraged by FREEPORT-MCMORAN COPPER & GOLD 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 impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: FREEPORT-MCMORAN COPPER & GOLD offers a good dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: FREEPORT-MCMORAN COPPER & GOLD offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: FREEPORT-MCMORAN COPPER & GOLD offers its team members top-notch health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. FREEPORT-MCMORAN COPPER & GOLD provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: FREEPORT-MCMORAN COPPER & GOLD has a top-notch healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, FREEPORT-MCMORAN COPPER & GOLD has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: FREEPORT-MCMORAN COPPER & GOLD does not offer telehealth.
- VISION PLAN: FREEPORT-MCMORAN COPPER & GOLD 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 | FREEPORT-MCMORAN COPPER & GOLD | Industry | Arizona |
|---|---|---|---|
| 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
FREEPORT-MCMORAN COPPER & GOLD 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: FREEPORT-MCMORAN COPPER & GOLD 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. FREEPORT-MCMORAN COPPER & GOLD 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 FREEPORT-MCMORAN COPPER & GOLD has Matching program that matches 75% of employees' contributions. Whatever FREEPORT-MCMORAN COPPER & GOLD contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave FREEPORT-MCMORAN COPPER & GOLD. Recognizing that every team member is unique, with specific needs and goals, FREEPORT-MCMORAN COPPER & GOLD keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: FREEPORT-MCMORAN COPPER & GOLD has a good 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: FREEPORT-MCMORAN COPPER & GOLD offers superb bonuses to team members who excel in their field of work, provide extraordinary results for FREEPORT-MCMORAN COPPER & GOLD, and encourage others to do the same.
- CHILDCARE DISCOUNT: FREEPORT-MCMORAN COPPER & GOLD has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: FREEPORT-MCMORAN COPPER & GOLD offers excellent commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: FREEPORT-MCMORAN COPPER & GOLD offers a top-notch 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: FREEPORT-MCMORAN COPPER & GOLD offers a top-notch 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: FREEPORT-MCMORAN COPPER & GOLD offers an extraordinary life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: FREEPORT-MCMORAN COPPER & GOLD realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why FREEPORT-MCMORAN COPPER & GOLD has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: FREEPORT-MCMORAN COPPER & GOLD recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by FREEPORT-MCMORAN COPPER & GOLD, on volunteer work of their choice.
- PARENTAL LEAVE: FREEPORT-MCMORAN COPPER & GOLD has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FREEPORT-MCMORAN COPPER & GOLD | Industry | Arizona |
|---|---|---|---|
| 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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