This report analyzes and compares MARATHON PETROLEUM's employee health insurance and employee benefits with its industry and in Ohio 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
MARATHON PETROLEUM 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 MARATHON PETROLEUM. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MARATHON PETROLEUM offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MARATHON PETROLEUM makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a great coaching and mentoring program, MARATHON PETROLEUM can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: MARATHON PETROLEUM encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, MARATHON PETROLEUM supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: MARATHON PETROLEUM has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MARATHON PETROLEUM offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by MARATHON PETROLEUM to grow as leaders and learn how to make tough calls.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why MARATHON PETROLEUM offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MARATHON PETROLEUM has a superb Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: MARATHON PETROLEUM realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | MARATHON PETROLEUM | Industry | Ohio |
|---|---|---|---|
| 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
MARATHON PETROLEUM offers superior 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 MARATHON PETROLEUM's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MARATHON PETROLEUM has an excellent counseling program for its employees and their family members. Team members are encouraged by MARATHON PETROLEUM 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 excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at MARATHON PETROLEUM have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MARATHON PETROLEUM partially pays for dentures and braces as well.
- HEALTH INSURANCE: MARATHON PETROLEUM offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MARATHON PETROLEUM is aware of the fact that a healthy employee is a productive employee so it offers outstanding 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: MARATHON PETROLEUM offers an extraordinary 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: MARATHON PETROLEUM offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MARATHON PETROLEUM has a good 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. MARATHON PETROLEUM can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: MARATHON PETROLEUM provides a top-notch Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | MARATHON PETROLEUM | Industry | Ohio |
|---|---|---|---|
| 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
MARATHON PETROLEUM 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: MARATHON PETROLEUM does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MARATHON PETROLEUM does not offer adoption assistance reimbursement.
- BONUS PAY: MARATHON PETROLEUM has an exceptional 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: MARATHON PETROLEUM cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: MARATHON PETROLEUM offers impressive commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MARATHON PETROLEUM has a suitable 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: MARATHON PETROLEUM 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: MARATHON PETROLEUM offers an excellent 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 excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: MARATHON PETROLEUM realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MARATHON PETROLEUM has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MARATHON PETROLEUM has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MARATHON PETROLEUM stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MARATHON PETROLEUM has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MARATHON PETROLEUM | Industry | Ohio |
|---|---|---|---|
| 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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