This report analyzes and compares ABERCROMBIE & FITCH's employee health insurance and employee benefits with its industry and in Ohio 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
ABERCROMBIE & FITCH has superior career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the ABERCROMBIE & FITCH. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ABERCROMBIE & FITCH continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that ABERCROMBIE & FITCH uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: ABERCROMBIE & FITCH offers remarkable coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: ABERCROMBIE & FITCH offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: ABERCROMBIE & FITCH does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: ABERCROMBIE & FITCH believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that ABERCROMBIE & FITCH provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why ABERCROMBIE & FITCH offers an exceptional Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: ABERCROMBIE & FITCH knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to ABERCROMBIE & FITCH.
- TUITION REIMBURSEMENT: ABERCROMBIE & FITCH has a solid 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 | ABERCROMBIE & FITCH | Industry | Ohio |
|---|---|---|---|
| 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
ABERCROMBIE & FITCH offers superior 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 ABERCROMBIE & FITCH's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ABERCROMBIE & FITCH wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at ABERCROMBIE & FITCH have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. ABERCROMBIE & FITCH partially pays for dentures and braces as well.
- HEALTH INSURANCE: ABERCROMBIE & FITCH offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: ABERCROMBIE & FITCH is aware of the fact that a healthy employee is a productive employee so it offers exceptional health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: ABERCROMBIE & FITCH has a remarkable 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, ABERCROMBIE & FITCH has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: ABERCROMBIE & FITCH has a suitable 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. ABERCROMBIE & FITCH can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ABERCROMBIE & FITCH offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | ABERCROMBIE & FITCH | Industry | Ohio |
|---|---|---|---|
| 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
ABERCROMBIE & FITCH offers remarkable financial benefits for employees and their family members. A remarkable 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: ABERCROMBIE & FITCH does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ABERCROMBIE & FITCH does not offer adoption assistance reimbursement.
- BONUS PAY: ABERCROMBIE & FITCH has a suitable 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: ABERCROMBIE & FITCH has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: ABERCROMBIE & FITCH has a good 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: ABERCROMBIE & FITCH offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: ABERCROMBIE & FITCH has a great 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 great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: ABERCROMBIE & FITCH offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: ABERCROMBIE & FITCH realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why ABERCROMBIE & FITCH has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: ABERCROMBIE & FITCH recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ABERCROMBIE & FITCH, on volunteer work of their choice.
- PARENTAL LEAVE: ABERCROMBIE & FITCH has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ABERCROMBIE & FITCH | Industry | Ohio |
|---|---|---|---|
| 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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