This report analyzes and compares AMERICAN FINANCIAL GROUP'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
AMERICAN FINANCIAL GROUP has first-class 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 AMERICAN FINANCIAL GROUP. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: AMERICAN FINANCIAL GROUP believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. AMERICAN FINANCIAL GROUP has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: AMERICAN FINANCIAL GROUP 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: AMERICAN FINANCIAL GROUP 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: AMERICAN FINANCIAL GROUP has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: AMERICAN FINANCIAL GROUP believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that AMERICAN FINANCIAL GROUP provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: AMERICAN FINANCIAL GROUP does not offer onboarding.
- RECOGNITION PROGRAMS: AMERICAN FINANCIAL GROUP knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to AMERICAN FINANCIAL GROUP.
- TUITION REIMBURSEMENT: AMERICAN FINANCIAL GROUP has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at AMERICAN FINANCIAL GROUP.
Benefit | AMERICAN FINANCIAL GROUP | 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
AMERICAN FINANCIAL GROUP offers first-class 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 AMERICAN FINANCIAL GROUP's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: AMERICAN FINANCIAL GROUP does not offer counseling.
- DENTAL PLAN: Team members at AMERICAN FINANCIAL GROUP 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. AMERICAN FINANCIAL GROUP partially pays for dentures and braces as well.
- HEALTH INSURANCE: AMERICAN FINANCIAL GROUP offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, AMERICAN FINANCIAL GROUP offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, AMERICAN FINANCIAL GROUP offers a great healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, AMERICAN FINANCIAL GROUP has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: AMERICAN FINANCIAL GROUP has an exceptional telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: AMERICAN FINANCIAL GROUP provides a superior Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | AMERICAN FINANCIAL GROUP | 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
AMERICAN FINANCIAL GROUP offers superior financial benefits for employees and their family members. A superior 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: AMERICAN FINANCIAL GROUP has a superb 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. AMERICAN FINANCIAL GROUP 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 superb AMERICAN FINANCIAL GROUP has Matching program that matches 75% of employees' contributions. Whatever AMERICAN FINANCIAL GROUP contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave AMERICAN FINANCIAL GROUP. Recognizing that every team member is unique, with specific needs and goals, AMERICAN FINANCIAL GROUP keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: AMERICAN FINANCIAL GROUP has a great 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: AMERICAN FINANCIAL GROUP has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: AMERICAN FINANCIAL GROUP does not offer childcare discount.
- COMMUTER BENEFIT: AMERICAN FINANCIAL GROUP has a great 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: AMERICAN FINANCIAL GROUP 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: AMERICAN FINANCIAL GROUP 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: AMERICAN FINANCIAL GROUP 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: AMERICAN FINANCIAL GROUP realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why AMERICAN FINANCIAL GROUP has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: AMERICAN FINANCIAL GROUP does not offer paid volunteer time off.
- PARENTAL LEAVE: AMERICAN FINANCIAL GROUP has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | AMERICAN FINANCIAL GROUP | 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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