This report analyzes and compares NEXTEER AUTOMOTIVE's employee health insurance and employee benefits with its industry and in Michigan 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
NEXTEER AUTOMOTIVE has superior 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 NEXTEER AUTOMOTIVE. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NEXTEER AUTOMOTIVE continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that NEXTEER AUTOMOTIVE uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, NEXTEER AUTOMOTIVE can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: NEXTEER AUTOMOTIVE encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, NEXTEER AUTOMOTIVE supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: NEXTEER AUTOMOTIVE has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: NEXTEER AUTOMOTIVE does not offer leadership programs.
- ONBOARDING: NEXTEER AUTOMOTIVE is aware of the difficulties that new employees might experience when they join the team. That's why NEXTEER AUTOMOTIVE has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: NEXTEER AUTOMOTIVE 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: NEXTEER AUTOMOTIVE 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 | NEXTEER AUTOMOTIVE | Industry | Michigan |
|---|---|---|---|
| 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
NEXTEER AUTOMOTIVE has valuable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers valuable 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 valuable healthcare spending account at their disposal.
- COUNSELING: NEXTEER AUTOMOTIVE does not offer counseling.
- DENTAL PLAN: Team members at NEXTEER AUTOMOTIVE 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. NEXTEER AUTOMOTIVE partially pays for dentures and braces as well.
- HEALTH INSURANCE: NEXTEER AUTOMOTIVE offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: NEXTEER AUTOMOTIVE does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: NEXTEER AUTOMOTIVE has a superb 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: NEXTEER AUTOMOTIVE 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: NEXTEER AUTOMOTIVE 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. NEXTEER AUTOMOTIVE can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: NEXTEER AUTOMOTIVE provides a first-class 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 | NEXTEER AUTOMOTIVE | Industry | Michigan |
|---|---|---|---|
| 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
NEXTEER AUTOMOTIVE 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: NEXTEER AUTOMOTIVE has a remarkable 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. NEXTEER AUTOMOTIVE 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 remarkable NEXTEER AUTOMOTIVE has Matching program that matches 75% of employees' contributions. Whatever NEXTEER AUTOMOTIVE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave NEXTEER AUTOMOTIVE. Recognizing that every team member is unique, with specific needs and goals, NEXTEER AUTOMOTIVE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: NEXTEER AUTOMOTIVE does not offer adoption assistance reimbursement.
- BONUS PAY: NEXTEER AUTOMOTIVE offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for NEXTEER AUTOMOTIVE, and encourage others to do the same.
- CHILDCARE DISCOUNT: NEXTEER AUTOMOTIVE has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: NEXTEER AUTOMOTIVE acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: NEXTEER AUTOMOTIVE 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: NEXTEER AUTOMOTIVE has an extraordinary 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: NEXTEER AUTOMOTIVE 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: NEXTEER AUTOMOTIVE has an impressive vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: NEXTEER AUTOMOTIVE believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why NEXTEER AUTOMOTIVE offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: NEXTEER AUTOMOTIVE has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NEXTEER AUTOMOTIVE | Industry | Michigan |
|---|---|---|---|
| 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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