This report analyzes and compares GROUP 1 AUTOMOTIVE's employee health insurance and employee benefits with its industry and in Texas State.

COMPARE GROUP 1 AUTOMOTIVE'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

GROUP 1 AUTOMOTIVE has remarkable 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 GROUP 1 AUTOMOTIVE. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: GROUP 1 AUTOMOTIVE believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. GROUP 1 AUTOMOTIVE has great resources at its disposal to achieve this goal.
  • COACHING AND MENTORING: GROUP 1 AUTOMOTIVE believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
  • DEVELOPMENT RESOURCES: excellent development resources are what allows GROUP 1 AUTOMOTIVE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
  • GED REIMBURSEMENT: GROUP 1 AUTOMOTIVE has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
  • LEADERSHIP PROGRAMS: GROUP 1 AUTOMOTIVE believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that GROUP 1 AUTOMOTIVE provides for them, employees are able to learn what makes or breaks a leader.
  • ONBOARDING: GROUP 1 AUTOMOTIVE does not offer onboarding.
  • RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, GROUP 1 AUTOMOTIVE implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
  • TUITION REIMBURSEMENT: GROUP 1 AUTOMOTIVE has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
GROUP 1 AUTOMOTIVE's career benefits comparison table

Benefit

GROUP 1 AUTOMOTIVE

Industry

Texas

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

GROUP 1 AUTOMOTIVE 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 GROUP 1 AUTOMOTIVE's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: GROUP 1 AUTOMOTIVE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why GROUP 1 AUTOMOTIVE implemented a good 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 good counseling program includes nutritional and fitness information as well.
  • DENTAL PLAN: GROUP 1 AUTOMOTIVE cares about its team members' dental health so it offers an outstanding 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: GROUP 1 AUTOMOTIVE 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: GROUP 1 AUTOMOTIVE is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
  • HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, GROUP 1 AUTOMOTIVE offers a suitable 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: GROUP 1 AUTOMOTIVE 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: GROUP 1 AUTOMOTIVE has implemented a superior telehealth policy for its members to use any time of the day, every single day. GROUP 1 AUTOMOTIVE covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
  • VISION PLAN: GROUP 1 AUTOMOTIVE offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
GROUP 1 AUTOMOTIVE's healthcare benefits comparison table

Benefit

GROUP 1 AUTOMOTIVE

Industry

Texas

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

GROUP 1 AUTOMOTIVE offers remarkable financial benefits for employees and their family members. A remarkable 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: GROUP 1 AUTOMOTIVE 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, GROUP 1 AUTOMOTIVE 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, GROUP 1 AUTOMOTIVE offers individual financial consultations so that each employee can create a personalized investment plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: GROUP 1 AUTOMOTIVE does not offer adoption assistance reimbursement.
  • BONUS PAY: GROUP 1 AUTOMOTIVE 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: GROUP 1 AUTOMOTIVE does not offer childcare discount.
  • COMMUTER BENEFIT: GROUP 1 AUTOMOTIVE 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: GROUP 1 AUTOMOTIVE 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: GROUP 1 AUTOMOTIVE has an extraordinary 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: GROUP 1 AUTOMOTIVE has a first-class 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: GROUP 1 AUTOMOTIVE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why GROUP 1 AUTOMOTIVE has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
  • PAID VOLUNTEER TIME OFF: GROUP 1 AUTOMOTIVE believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why GROUP 1 AUTOMOTIVE offers its team members up to 50 hours of paid volunteer time off.
  • PARENTAL LEAVE: GROUP 1 AUTOMOTIVE has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
GROUP 1 AUTOMOTIVE's financial benefits comparison table

Benefit

GROUP 1 AUTOMOTIVE

Industry

Texas

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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