This report analyzes and compares CAT FINANCIAL's employee health insurance and employee benefits with its industry and in Tennessee 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
CAT FINANCIAL offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. CAT FINANCIAL 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: CAT FINANCIAL offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CAT FINANCIAL makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: CAT FINANCIAL does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: CAT FINANCIAL offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: CAT FINANCIAL has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: CAT FINANCIAL does not offer leadership programs.
- ONBOARDING: CAT FINANCIAL does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, CAT FINANCIAL implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: CAT FINANCIAL realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | CAT FINANCIAL | Industry | Tennessee |
|---|---|---|---|
| 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
CAT FINANCIAL offers superb 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 CAT FINANCIAL's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CAT FINANCIAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CAT FINANCIAL implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at CAT FINANCIAL 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. CAT FINANCIAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: CAT FINANCIAL offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, CAT FINANCIAL offers suitable 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, CAT FINANCIAL 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: CAT FINANCIAL offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: CAT FINANCIAL has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. CAT FINANCIAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: CAT FINANCIAL offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | CAT FINANCIAL | Industry | Tennessee |
|---|---|---|---|
| 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 great financial benefits at CAT FINANCIAL. 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. CAT FINANCIAL offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CAT FINANCIAL to partially cover the expenses.
- 401(K) PLAN: CAT FINANCIAL knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and CAT FINANCIAL will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, CAT FINANCIAL provides resources which will help team members decide what to do with their 401(k) plan. CAT FINANCIAL offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: CAT FINANCIAL does not offer adoption assistance reimbursement.
- BONUS PAY: CAT FINANCIAL offers superior bonuses to team members who excel in their field of work, provide extraordinary results for CAT FINANCIAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: CAT FINANCIAL cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: CAT FINANCIAL 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: CAT FINANCIAL has a solid 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: CAT FINANCIAL has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: CAT FINANCIAL 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: CAT FINANCIAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why CAT FINANCIAL has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: CAT FINANCIAL recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by CAT FINANCIAL, on volunteer work of their choice.
- PARENTAL LEAVE: CAT FINANCIAL has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CAT FINANCIAL | Industry | Tennessee |
|---|---|---|---|
| 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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