This report analyzes and compares AMERICAN INTERNATIONAL GROUP's employee health insurance and employee benefits with its industry and in New York 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 INTERNATIONAL GROUP offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. AMERICAN INTERNATIONAL GROUP believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: AMERICAN INTERNATIONAL GROUP offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, AMERICAN INTERNATIONAL GROUP makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, AMERICAN INTERNATIONAL GROUP can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: AMERICAN INTERNATIONAL GROUP encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, AMERICAN INTERNATIONAL GROUP supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: AMERICAN INTERNATIONAL GROUP has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: AMERICAN INTERNATIONAL GROUP is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, AMERICAN INTERNATIONAL GROUP ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: AMERICAN INTERNATIONAL GROUP does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, AMERICAN INTERNATIONAL GROUP implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: AMERICAN INTERNATIONAL GROUP realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | AMERICAN INTERNATIONAL GROUP | Industry | New York |
|---|---|---|---|
| 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 INTERNATIONAL GROUP has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good 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 good healthcare spending account at their disposal.
- COUNSELING: AMERICAN INTERNATIONAL GROUP does not offer counseling.
- DENTAL PLAN: Team members at AMERICAN INTERNATIONAL GROUP have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. AMERICAN INTERNATIONAL GROUP partially pays for dentures and braces as well.
- HEALTH INSURANCE: AMERICAN INTERNATIONAL GROUP offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: AMERICAN INTERNATIONAL GROUP offers its team members remarkable 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. AMERICAN INTERNATIONAL GROUP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, AMERICAN INTERNATIONAL GROUP offers a suitable 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: AMERICAN INTERNATIONAL GROUP has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: AMERICAN INTERNATIONAL GROUP does not offer telehealth.
- VISION PLAN: AMERICAN INTERNATIONAL GROUP offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | AMERICAN INTERNATIONAL GROUP | Industry | New York |
|---|---|---|---|
| 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 INTERNATIONAL GROUP 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: AMERICAN INTERNATIONAL GROUP does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: AMERICAN INTERNATIONAL GROUP has a superior 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 AMERICAN INTERNATIONAL GROUP.
- BONUS PAY: AMERICAN INTERNATIONAL GROUP has an excellent 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 INTERNATIONAL GROUP cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: AMERICAN INTERNATIONAL GROUP offers extraordinary 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: AMERICAN INTERNATIONAL GROUP offers a superior 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: AMERICAN INTERNATIONAL GROUP has an excellent disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: AMERICAN INTERNATIONAL GROUP offers an outstanding 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 outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: AMERICAN INTERNATIONAL GROUP realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why AMERICAN INTERNATIONAL GROUP has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: AMERICAN INTERNATIONAL GROUP believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why AMERICAN INTERNATIONAL GROUP offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: AMERICAN INTERNATIONAL GROUP has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | AMERICAN INTERNATIONAL GROUP | Industry | New York |
|---|---|---|---|
| 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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