This report analyzes and compares CUMMINS ENGINE COMPANY's employee health insurance and employee benefits with its industry and in Pennsylvania 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
CUMMINS ENGINE COMPANY 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 CUMMINS ENGINE COMPANY. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CUMMINS ENGINE COMPANY offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CUMMINS ENGINE COMPANY makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: CUMMINS ENGINE COMPANY offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: CUMMINS ENGINE COMPANY 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: CUMMINS ENGINE COMPANY has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: CUMMINS ENGINE COMPANY does not offer leadership programs.
- ONBOARDING: CUMMINS ENGINE COMPANY is aware of the difficulties that new employees might experience when they join the team. That's why CUMMINS ENGINE COMPANY has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, CUMMINS ENGINE COMPANY implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: CUMMINS ENGINE COMPANY realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | CUMMINS ENGINE COMPANY | Industry | Pennsylvania |
|---|---|---|---|
| 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
CUMMINS ENGINE COMPANY offers remarkable 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 CUMMINS ENGINE COMPANY's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CUMMINS ENGINE COMPANY wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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 CUMMINS ENGINE COMPANY 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. CUMMINS ENGINE COMPANY partially pays for dentures and braces as well.
- HEALTH INSURANCE: CUMMINS ENGINE COMPANY offers a great 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, CUMMINS ENGINE COMPANY offers solid 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: CUMMINS ENGINE COMPANY offers an excellent 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: CUMMINS ENGINE COMPANY offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: CUMMINS ENGINE COMPANY has an outstanding 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: CUMMINS ENGINE COMPANY 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 | CUMMINS ENGINE COMPANY | Industry | Pennsylvania |
|---|---|---|---|
| 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
CUMMINS ENGINE COMPANY offers first-class financial benefits for employees and their family members. A first-class 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: CUMMINS ENGINE COMPANY 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. CUMMINS ENGINE COMPANY 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 CUMMINS ENGINE COMPANY has Matching program that matches 75% of employees' contributions. Whatever CUMMINS ENGINE COMPANY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave CUMMINS ENGINE COMPANY. Recognizing that every team member is unique, with specific needs and goals, CUMMINS ENGINE COMPANY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: CUMMINS ENGINE COMPANY 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 CUMMINS ENGINE COMPANY.
- BONUS PAY: CUMMINS ENGINE COMPANY has a solid 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: CUMMINS ENGINE COMPANY has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: CUMMINS ENGINE COMPANY acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CUMMINS ENGINE COMPANY offers a superb 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: CUMMINS ENGINE COMPANY has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: CUMMINS ENGINE COMPANY offers a great life insurance policy to its team members for an affordable price. CUMMINS ENGINE COMPANY 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: CUMMINS ENGINE COMPANY wants for its team members to lead a happy and fulfilled life so it has a valuable vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: CUMMINS ENGINE COMPANY has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, CUMMINS ENGINE COMPANY stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: CUMMINS ENGINE COMPANY has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CUMMINS ENGINE COMPANY | Industry | Pennsylvania |
|---|---|---|---|
| 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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