This report analyzes and compares HY-VEE's employee health insurance and employee benefits with its industry and in Iowa State.

COMPARE HY-VEE'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

HY-VEE offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. HY-VEE believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.

  • CAREER PLANNING: HY-VEE offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, HY-VEE makes sure that every single team member takes the full advantage of first-class career planning programs.
  • COACHING AND MENTORING: HY-VEE offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
  • DEVELOPMENT RESOURCES: outstanding development resources are what allows HY-VEE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
  • GED REIMBURSEMENT: HY-VEE does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: HY-VEE is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, HY-VEE ensures that team members with a potential for becoming leaders can achieve their goals.
  • ONBOARDING: HY-VEE does not offer onboarding.
  • RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, HY-VEE implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
  • TUITION REIMBURSEMENT: HY-VEE does not offer tuition reimbursement.
HY-VEE's career benefits comparison table

Benefit

HY-VEE

Industry

Iowa

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

HY-VEE has suitable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers suitable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a suitable healthcare spending account at their disposal.

  • COUNSELING: HY-VEE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why HY-VEE implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
  • DENTAL PLAN: HY-VEE offers a solid 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: HY-VEE offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
  • HEALTH PLAN INCENTIVES: HY-VEE does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: HY-VEE offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
  • MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, HY-VEE has created a top-notch maternity support program to support its expecting team members.
  • TELEHEALTH: HY-VEE has a good telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. HY-VEE can recommend a certain doctor or institution and covers up to 50% of the costs.
  • VISION PLAN: HY-VEE offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
HY-VEE's healthcare benefits comparison table

Benefit

HY-VEE

Industry

Iowa

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

Team members enjoy good financial benefits at HY-VEE. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. HY-VEE offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect HY-VEE to partially cover the expenses.

  • 401(K) PLAN: HY-VEE has an impressive 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, HY-VEE offers an impressive program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, HY-VEE offers individual financial consultations so that each employee can create a personalized investment plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: HY-VEE has a remarkable Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by HY-VEE.
  • BONUS PAY: HY-VEE has a valuable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
  • CHILDCARE DISCOUNT: HY-VEE does not offer childcare discount.
  • COMMUTER BENEFIT: HY-VEE has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: HY-VEE has a suitable daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
  • DISABILITY: HY-VEE has a suitable disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: HY-VEE has a superb life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
  • PAID TIME OFF: HY-VEE has an extraordinary vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
  • PAID VOLUNTEER TIME OFF: HY-VEE recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by HY-VEE, on volunteer work of their choice.
  • PARENTAL LEAVE: HY-VEE has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
HY-VEE's financial benefits comparison table

Benefit

HY-VEE

Industry

Iowa

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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