This report analyzes and compares LOUISIANA PACIFIC's employee health insurance and employee benefits with its industry and in New York 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
LOUISIANA PACIFIC has top-notch 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 LOUISIANA PACIFIC. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: LOUISIANA PACIFIC offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, LOUISIANA PACIFIC makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: LOUISIANA PACIFIC 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: LOUISIANA PACIFIC encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, LOUISIANA PACIFIC supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: LOUISIANA PACIFIC has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: LOUISIANA PACIFIC offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by LOUISIANA PACIFIC to grow as leaders and learn how to make tough calls.
- ONBOARDING: LOUISIANA PACIFIC is aware of the difficulties that new employees might experience when they join the team. That's why LOUISIANA PACIFIC has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: LOUISIANA PACIFIC 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 LOUISIANA PACIFIC.
- TUITION REIMBURSEMENT: LOUISIANA PACIFIC has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at LOUISIANA PACIFIC.
Benefit | LOUISIANA PACIFIC | Industry | New York |
|---|---|---|---|
| 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
LOUISIANA PACIFIC offers first-class 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 LOUISIANA PACIFIC's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: LOUISIANA PACIFIC wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior 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 LOUISIANA PACIFIC have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. LOUISIANA PACIFIC partially pays for dentures and braces as well.
- HEALTH INSURANCE: LOUISIANA PACIFIC offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: LOUISIANA PACIFIC does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: LOUISIANA PACIFIC offers an outstanding 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: LOUISIANA PACIFIC has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: LOUISIANA PACIFIC has a valuable telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. LOUISIANA PACIFIC can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: LOUISIANA PACIFIC 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.
Benefit | LOUISIANA PACIFIC | Industry | New York |
|---|---|---|---|
| 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
LOUISIANA PACIFIC offers superb financial benefits for employees and their family members. A superb 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: LOUISIANA PACIFIC 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. LOUISIANA PACIFIC 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 LOUISIANA PACIFIC has Matching program that matches 75% of employees' contributions. Whatever LOUISIANA PACIFIC contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave LOUISIANA PACIFIC. Recognizing that every team member is unique, with specific needs and goals, LOUISIANA PACIFIC keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: LOUISIANA PACIFIC has an extraordinary Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: LOUISIANA PACIFIC 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: LOUISIANA PACIFIC has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: LOUISIANA PACIFIC has a suitable 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: LOUISIANA PACIFIC has a good daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: LOUISIANA PACIFIC has an outstanding 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: LOUISIANA PACIFIC 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: LOUISIANA PACIFIC realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why LOUISIANA PACIFIC has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: LOUISIANA PACIFIC does not offer paid volunteer time off.
- PARENTAL LEAVE: LOUISIANA PACIFIC has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | LOUISIANA PACIFIC | Industry | New York |
|---|---|---|---|
| 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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