This report analyzes and compares MINERALS TECHNOLOGIES' 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
MINERALS TECHNOLOGIES has superb 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 MINERALS TECHNOLOGIES. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MINERALS TECHNOLOGIES continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that MINERALS TECHNOLOGIES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: MINERALS TECHNOLOGIES offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: MINERALS TECHNOLOGIES encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, MINERALS TECHNOLOGIES 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: MINERALS TECHNOLOGIES has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MINERALS TECHNOLOGIES believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that MINERALS TECHNOLOGIES provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: MINERALS TECHNOLOGIES offers a superior Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, MINERALS TECHNOLOGIES implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: MINERALS TECHNOLOGIES does not offer tuition reimbursement.
Benefit | MINERALS TECHNOLOGIES | 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
MINERALS TECHNOLOGIES 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 MINERALS TECHNOLOGIES's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MINERALS TECHNOLOGIES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MINERALS TECHNOLOGIES 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: Team members at MINERALS TECHNOLOGIES have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MINERALS TECHNOLOGIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: MINERALS TECHNOLOGIES offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MINERALS TECHNOLOGIES offers its team members first-class health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. MINERALS TECHNOLOGIES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: MINERALS TECHNOLOGIES has a top-notch 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: Aware of the challenges that come with pregnancy, MINERALS TECHNOLOGIES has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: MINERALS TECHNOLOGIES does not offer telehealth.
- VISION PLAN: MINERALS TECHNOLOGIES has an exceptional 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 | MINERALS TECHNOLOGIES | 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
MINERALS TECHNOLOGIES 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: MINERALS TECHNOLOGIES knows how important it is to think about retirement and start saving on time. That's why it offers a solid 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 MINERALS TECHNOLOGIES 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, MINERALS TECHNOLOGIES provides resources which will help team members decide what to do with their 401(k) plan. MINERALS TECHNOLOGIES offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: MINERALS TECHNOLOGIES has a top-notch Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by MINERALS TECHNOLOGIES.
- BONUS PAY: MINERALS TECHNOLOGIES offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for MINERALS TECHNOLOGIES, and encourage others to do the same.
- CHILDCARE DISCOUNT: MINERALS TECHNOLOGIES offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: MINERALS TECHNOLOGIES has a solid 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: MINERALS TECHNOLOGIES has a great 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: MINERALS TECHNOLOGIES has a solid 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 solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: MINERALS TECHNOLOGIES offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: MINERALS TECHNOLOGIES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MINERALS TECHNOLOGIES has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MINERALS TECHNOLOGIES has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MINERALS TECHNOLOGIES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MINERALS TECHNOLOGIES has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MINERALS TECHNOLOGIES | 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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