This report analyzes and compares NIDEC MOTOR's employee health insurance and employee benefits with its industry and in Missouri 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
NIDEC MOTOR 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 NIDEC MOTOR. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NIDEC MOTOR continually evaluates its team members to determine the potential and direction of employees' careers. The exceptional tools that NIDEC MOTOR uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a good coaching and mentoring program, NIDEC MOTOR can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: NIDEC MOTOR offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: NIDEC MOTOR has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: NIDEC MOTOR offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by NIDEC MOTOR 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 NIDEC MOTOR offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, NIDEC MOTOR implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: NIDEC MOTOR has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at NIDEC MOTOR.
Benefit | NIDEC MOTOR | Industry | Missouri |
|---|---|---|---|
| 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
NIDEC MOTOR offers remarkable 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 NIDEC MOTOR's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NIDEC MOTOR is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why NIDEC MOTOR implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at NIDEC MOTOR 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. NIDEC MOTOR partially pays for dentures and braces as well.
- HEALTH INSURANCE: NIDEC MOTOR offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: NIDEC MOTOR offers its team members top-notch 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. NIDEC MOTOR provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: NIDEC MOTOR offers an exceptional 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: NIDEC MOTOR offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: NIDEC MOTOR does not offer telehealth.
- VISION PLAN: NIDEC MOTOR has an outstanding 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 | NIDEC MOTOR | Industry | Missouri |
|---|---|---|---|
| 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 great financial benefits at NIDEC MOTOR. 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. NIDEC MOTOR offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect NIDEC MOTOR to partially cover the expenses.
- 401(K) PLAN: NIDEC MOTOR does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: NIDEC MOTOR has a first-class 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 NIDEC MOTOR.
- BONUS PAY: NIDEC MOTOR has a great 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: NIDEC MOTOR does not offer childcare discount.
- COMMUTER BENEFIT: NIDEC MOTOR offers exceptional 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: NIDEC MOTOR 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: NIDEC MOTOR offers a top-notch short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: NIDEC MOTOR has a superb 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: NIDEC MOTOR 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: NIDEC MOTOR does not offer paid volunteer time off.
- PARENTAL LEAVE: NIDEC MOTOR has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NIDEC MOTOR | Industry | Missouri |
|---|---|---|---|
| 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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