This report analyzes and compares HYATT's employee health insurance and employee benefits with its industry and in Illinois State.

COMPARE HYATT'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

HYATT offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. HYATT believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.

  • CAREER PLANNING: HYATT offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, HYATT makes sure that every single team member takes the full advantage of superior career planning programs.
  • COACHING AND MENTORING: By using a suitable coaching and mentoring program, HYATT can determine what should every team member focus on to grow and increase productivity.
  • DEVELOPMENT RESOURCES: HYATT encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, HYATT supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
  • GED REIMBURSEMENT: HYATT has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
  • LEADERSHIP PROGRAMS: HYATT is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, HYATT ensures that team members with a potential for becoming leaders can achieve their goals.
  • ONBOARDING: HYATT does not offer onboarding.
  • RECOGNITION PROGRAMS: HYATT knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to HYATT.
  • TUITION REIMBURSEMENT: HYATT does not offer tuition reimbursement.
HYATT's career benefits comparison table

Benefit

HYATT

Industry

Illinois

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

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

  • COUNSELING: HYATT is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why HYATT implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
  • DENTAL PLAN: Team members at HYATT have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. HYATT partially pays for dentures and braces as well.
  • HEALTH INSURANCE: HYATT 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: HYATT is aware of the fact that a healthy employee is a productive employee so it offers exceptional 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, HYATT offers a great 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: HYATT has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
  • TELEHEALTH: HYATT has implemented a superb telehealth policy for its members to use any time of the day, every single day. HYATT covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
  • VISION PLAN: HYATT has an extraordinary 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.
HYATT's healthcare benefits comparison table

Benefit

HYATT

Industry

Illinois

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

HYATT 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: HYATT knows how important it is to think about retirement and start saving on time. That's why it offers a great 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and HYATT will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, HYATT provides resources which will help team members decide what to do with their 401(k) plan. HYATT offers a great vesting schedule with a gradual increase of 25% per year.
  • ADOPTION ASSISTANCE REIMBURSEMENT: HYATT has a valuable 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: HYATT 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: HYATT cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
  • COMMUTER BENEFIT: HYATT has a valuable 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: HYATT offers an impressive 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: HYATT 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: HYATT has a superb 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: HYATT wants for its team members to lead a happy and fulfilled life so it has a great 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: HYATT recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by HYATT, on volunteer work of their choice.
  • PARENTAL LEAVE: HYATT has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
HYATT's financial benefits comparison table

Benefit

HYATT

Industry

Illinois

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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