This report analyzes and compares MODINE MANUFACTURING COMPANY's employee health insurance and employee benefits with its industry and in Wisconsin 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
MODINE MANUFACTURING COMPANY 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 MODINE MANUFACTURING COMPANY. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MODINE MANUFACTURING COMPANY offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MODINE MANUFACTURING COMPANY makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: By using a good coaching and mentoring program, MODINE MANUFACTURING COMPANY can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: MODINE MANUFACTURING COMPANY encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, MODINE MANUFACTURING COMPANY 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: MODINE MANUFACTURING COMPANY has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MODINE MANUFACTURING COMPANY is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, MODINE MANUFACTURING COMPANY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: MODINE MANUFACTURING COMPANY offers a top-notch 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: MODINE MANUFACTURING COMPANY 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 MODINE MANUFACTURING COMPANY.
- TUITION REIMBURSEMENT: MODINE MANUFACTURING COMPANY realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | MODINE MANUFACTURING COMPANY | Industry | Wisconsin |
|---|---|---|---|
| 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
MODINE MANUFACTURING COMPANY has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: MODINE MANUFACTURING COMPANY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MODINE MANUFACTURING COMPANY implemented a suitable 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 suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: MODINE MANUFACTURING COMPANY offers a valuable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: MODINE MANUFACTURING COMPANY offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: MODINE MANUFACTURING COMPANY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, MODINE MANUFACTURING COMPANY offers a solid 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: MODINE MANUFACTURING COMPANY has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: MODINE MANUFACTURING COMPANY has an extraordinary telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: MODINE MANUFACTURING COMPANY 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 | MODINE MANUFACTURING COMPANY | Industry | Wisconsin |
|---|---|---|---|
| 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
Team members enjoy suitable financial benefits at MODINE MANUFACTURING COMPANY. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. MODINE MANUFACTURING COMPANY offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MODINE MANUFACTURING COMPANY to partially cover the expenses.
- 401(K) PLAN: MODINE MANUFACTURING COMPANY 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 MODINE MANUFACTURING COMPANY 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, MODINE MANUFACTURING COMPANY provides resources which will help team members decide what to do with their 401(k) plan. MODINE MANUFACTURING COMPANY offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: MODINE MANUFACTURING COMPANY has a remarkable 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 MODINE MANUFACTURING COMPANY.
- BONUS PAY: MODINE MANUFACTURING COMPANY offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for MODINE MANUFACTURING COMPANY, and encourage others to do the same.
- CHILDCARE DISCOUNT: MODINE MANUFACTURING COMPANY does not offer childcare discount.
- COMMUTER BENEFIT: MODINE MANUFACTURING COMPANY 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: MODINE MANUFACTURING COMPANY offers a first-class daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: MODINE MANUFACTURING COMPANY has a great 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 great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: MODINE MANUFACTURING COMPANY has a remarkable 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: MODINE MANUFACTURING COMPANY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MODINE MANUFACTURING COMPANY has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MODINE MANUFACTURING COMPANY recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by MODINE MANUFACTURING COMPANY, on volunteer work of their choice.
- PARENTAL LEAVE: MODINE MANUFACTURING COMPANY has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MODINE MANUFACTURING COMPANY | Industry | Wisconsin |
|---|---|---|---|
| 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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