This report analyzes and compares COMMERCIAL VEHICLE'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
COMMERCIAL VEHICLE 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 COMMERCIAL VEHICLE. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: COMMERCIAL VEHICLE continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that COMMERCIAL VEHICLE uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: COMMERCIAL VEHICLE 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 COMMERCIAL VEHICLE 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: COMMERCIAL VEHICLE has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: COMMERCIAL VEHICLE is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, COMMERCIAL VEHICLE ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: COMMERCIAL VEHICLE does not offer onboarding.
- RECOGNITION PROGRAMS: COMMERCIAL VEHICLE 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 COMMERCIAL VEHICLE.
- TUITION REIMBURSEMENT: COMMERCIAL VEHICLE does not offer tuition reimbursement.
Benefit | COMMERCIAL VEHICLE | 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
COMMERCIAL VEHICLE 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 COMMERCIAL VEHICLE's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: COMMERCIAL VEHICLE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why COMMERCIAL VEHICLE implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: COMMERCIAL VEHICLE cares about its team members' dental health so it offers an extraordinary dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: COMMERCIAL VEHICLE provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: COMMERCIAL VEHICLE offers its team members top-notch 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. COMMERCIAL VEHICLE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: COMMERCIAL VEHICLE 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: COMMERCIAL VEHICLE has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: COMMERCIAL VEHICLE has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. COMMERCIAL VEHICLE covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: COMMERCIAL VEHICLE provides a remarkable 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 | COMMERCIAL VEHICLE | 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
COMMERCIAL VEHICLE 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: COMMERCIAL VEHICLE has a remarkable 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. COMMERCIAL VEHICLE 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 remarkable COMMERCIAL VEHICLE has Matching program that matches 75% of employees' contributions. Whatever COMMERCIAL VEHICLE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave COMMERCIAL VEHICLE. Recognizing that every team member is unique, with specific needs and goals, COMMERCIAL VEHICLE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: COMMERCIAL VEHICLE has a first-class 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 COMMERCIAL VEHICLE.
- BONUS PAY: COMMERCIAL VEHICLE offers superior bonuses to team members who excel in their field of work, provide extraordinary results for COMMERCIAL VEHICLE, and encourage others to do the same.
- CHILDCARE DISCOUNT: COMMERCIAL VEHICLE cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: COMMERCIAL VEHICLE offers outstanding 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: COMMERCIAL VEHICLE has a good 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: COMMERCIAL VEHICLE 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: COMMERCIAL VEHICLE offers a good life insurance policy to its team members for an affordable price. COMMERCIAL VEHICLE participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: COMMERCIAL VEHICLE has an excellent 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: COMMERCIAL VEHICLE does not offer paid volunteer time off.
- PARENTAL LEAVE: COMMERCIAL VEHICLE has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | COMMERCIAL VEHICLE | 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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