This report analyzes and compares NORANDA ALUMINUM's employee health insurance and employee benefits with its industry and in Tennessee 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
NORANDA ALUMINUM 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 NORANDA ALUMINUM. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NORANDA ALUMINUM offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, NORANDA ALUMINUM makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: NORANDA ALUMINUM does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: NORANDA ALUMINUM 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: NORANDA ALUMINUM has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: NORANDA ALUMINUM believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that NORANDA ALUMINUM provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: NORANDA ALUMINUM does not offer onboarding.
- RECOGNITION PROGRAMS: NORANDA ALUMINUM 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 NORANDA ALUMINUM.
- TUITION REIMBURSEMENT: NORANDA ALUMINUM has a suitable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | NORANDA ALUMINUM | Industry | Tennessee |
|---|---|---|---|
| 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
NORANDA ALUMINUM offers top-notch 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 NORANDA ALUMINUM's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NORANDA ALUMINUM is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why NORANDA ALUMINUM implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: NORANDA ALUMINUM cares about its team members' dental health so it offers an excellent dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: NORANDA ALUMINUM provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: NORANDA ALUMINUM does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: NORANDA ALUMINUM offers an excellent 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: NORANDA ALUMINUM has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: NORANDA ALUMINUM has implemented a superb telehealth policy for its members to use any time of the day, every single day. NORANDA ALUMINUM covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: NORANDA ALUMINUM has an impressive 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 | NORANDA ALUMINUM | Industry | Tennessee |
|---|---|---|---|
| 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
NORANDA ALUMINUM offers superior financial benefits for employees and their family members. A superior 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: NORANDA ALUMINUM has a first-class 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. NORANDA ALUMINUM 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 first-class NORANDA ALUMINUM has Matching program that matches 75% of employees' contributions. Whatever NORANDA ALUMINUM contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave NORANDA ALUMINUM. Recognizing that every team member is unique, with specific needs and goals, NORANDA ALUMINUM keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: NORANDA ALUMINUM has a solid Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: NORANDA ALUMINUM offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for NORANDA ALUMINUM, and encourage others to do the same.
- CHILDCARE DISCOUNT: NORANDA ALUMINUM has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: NORANDA ALUMINUM 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: NORANDA ALUMINUM offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: NORANDA ALUMINUM 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: NORANDA ALUMINUM offers an exceptional 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 exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: NORANDA ALUMINUM realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why NORANDA ALUMINUM has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: NORANDA ALUMINUM does not offer paid volunteer time off.
- PARENTAL LEAVE: NORANDA ALUMINUM has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NORANDA ALUMINUM | Industry | Tennessee |
|---|---|---|---|
| 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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