This report analyzes and compares GE AVIATION SYSTEMS' employee health insurance and employee benefits with its industry and in Michigan 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
GE AVIATION SYSTEMS offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. GE AVIATION SYSTEMS believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: GE AVIATION SYSTEMS believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. GE AVIATION SYSTEMS has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: GE AVIATION SYSTEMS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: GE AVIATION SYSTEMS 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: GE AVIATION SYSTEMS has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: GE AVIATION SYSTEMS is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, GE AVIATION SYSTEMS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: GE AVIATION SYSTEMS does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, GE AVIATION SYSTEMS implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: GE AVIATION SYSTEMS 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 | GE AVIATION SYSTEMS | 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
GE AVIATION SYSTEMS offers top-notch 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 GE AVIATION SYSTEMS's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: GE AVIATION SYSTEMS has an outstanding counseling program for its employees and their family members. Team members are encouraged by GE AVIATION SYSTEMS to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: GE AVIATION SYSTEMS offers a suitable 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: GE AVIATION SYSTEMS provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: GE AVIATION SYSTEMS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: GE AVIATION SYSTEMS has a first-class healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: GE AVIATION SYSTEMS has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: GE AVIATION SYSTEMS has implemented a superior telehealth policy for its members to use any time of the day, every single day. GE AVIATION SYSTEMS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: GE AVIATION SYSTEMS has an impressive Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | GE AVIATION SYSTEMS | 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
GE AVIATION SYSTEMS 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: GE AVIATION SYSTEMS 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. GE AVIATION SYSTEMS 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 GE AVIATION SYSTEMS has Matching program that matches 75% of employees' contributions. Whatever GE AVIATION SYSTEMS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave GE AVIATION SYSTEMS. Recognizing that every team member is unique, with specific needs and goals, GE AVIATION SYSTEMS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: GE AVIATION SYSTEMS has a great Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: GE AVIATION SYSTEMS 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: GE AVIATION SYSTEMS cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: GE AVIATION SYSTEMS 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: GE AVIATION SYSTEMS offers an exceptional daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: GE AVIATION SYSTEMS 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: GE AVIATION SYSTEMS offers a valuable life insurance policy to its team members for an affordable price. GE AVIATION SYSTEMS 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: GE AVIATION SYSTEMS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why GE AVIATION SYSTEMS has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: GE AVIATION SYSTEMS recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by GE AVIATION SYSTEMS, on volunteer work of their choice.
- PARENTAL LEAVE: GE AVIATION SYSTEMS has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | GE AVIATION SYSTEMS | 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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