This report analyzes and compares FORD CREDIT's employee health insurance and employee benefits with its industry and in Michigan State.

COMPARE FORD CREDIT'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

FORD CREDIT 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 FORD CREDIT. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: FORD CREDIT offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, FORD CREDIT makes sure that every single team member takes the full advantage of first-class career planning programs.
  • COACHING AND MENTORING: FORD CREDIT 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: FORD CREDIT 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: FORD CREDIT has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
  • LEADERSHIP PROGRAMS: FORD CREDIT believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that FORD CREDIT provides for them, employees are able to learn what makes or breaks a leader.
  • ONBOARDING: FORD CREDIT does not offer onboarding.
  • RECOGNITION PROGRAMS: FORD CREDIT knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to FORD CREDIT.
  • TUITION REIMBURSEMENT: FORD CREDIT does not offer tuition reimbursement.
FORD CREDIT's career benefits comparison table

Benefit

FORD CREDIT

Industry

Michigan

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

FORD CREDIT 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 FORD CREDIT's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: FORD CREDIT does not offer counseling.
  • DENTAL PLAN: FORD CREDIT offers a great dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
  • HEALTH INSURANCE: FORD CREDIT provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
  • HEALTH PLAN INCENTIVES: FORD CREDIT does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: FORD CREDIT 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: Aware of the challenges that come with pregnancy, FORD CREDIT has created a superb maternity support program to support its expecting team members.
  • TELEHEALTH: FORD CREDIT has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. FORD CREDIT covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
  • VISION PLAN: FORD CREDIT 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.
FORD CREDIT's healthcare benefits comparison table

Benefit

FORD CREDIT

Industry

Michigan

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

FORD CREDIT 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: FORD CREDIT has an extraordinary 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, FORD CREDIT offers an extraordinary program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, FORD CREDIT offers individual financial consultations so that each employee can create a personalized investment plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: FORD CREDIT does not offer adoption assistance reimbursement.
  • BONUS PAY: FORD CREDIT has an impressive 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: FORD CREDIT offers a great discount for primary childcare to its team members and enables them affordable prices.
  • COMMUTER BENEFIT: FORD CREDIT acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: FORD CREDIT offers a remarkable 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: FORD CREDIT has an exceptional 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: FORD CREDIT offers an exceptional 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 exceptional life insurance package contains dependent policies as well.
  • PAID TIME OFF: FORD CREDIT wants for its team members to lead a happy and fulfilled life so it has a solid 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: FORD CREDIT does not offer paid volunteer time off.
  • PARENTAL LEAVE: FORD CREDIT has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
FORD CREDIT's financial benefits comparison table

Benefit

FORD CREDIT

Industry

Michigan

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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