This report analyzes and compares NORTHWESTERN MUTUAL LIFE'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
NORTHWESTERN MUTUAL LIFE 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 NORTHWESTERN MUTUAL LIFE. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: NORTHWESTERN MUTUAL LIFE believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. NORTHWESTERN MUTUAL LIFE has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: NORTHWESTERN MUTUAL LIFE believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: impressive development resources are what allows NORTHWESTERN MUTUAL LIFE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: NORTHWESTERN MUTUAL LIFE has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: NORTHWESTERN MUTUAL LIFE offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by NORTHWESTERN MUTUAL LIFE 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 NORTHWESTERN MUTUAL LIFE offers an exceptional Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: NORTHWESTERN MUTUAL LIFE has a first-class 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: NORTHWESTERN MUTUAL LIFE realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | NORTHWESTERN MUTUAL LIFE | 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
NORTHWESTERN MUTUAL LIFE 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 NORTHWESTERN MUTUAL LIFE's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: NORTHWESTERN MUTUAL LIFE does not offer counseling.
- DENTAL PLAN: NORTHWESTERN MUTUAL LIFE cares about its team members' dental health so it offers an exceptional 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: NORTHWESTERN MUTUAL LIFE provides an exceptional health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, NORTHWESTERN MUTUAL LIFE offers suitable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: NORTHWESTERN MUTUAL LIFE offers an outstanding 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: Aware of the challenges that come with pregnancy, NORTHWESTERN MUTUAL LIFE has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: NORTHWESTERN MUTUAL LIFE has an exceptional 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: NORTHWESTERN MUTUAL LIFE provides a top-notch 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 | NORTHWESTERN MUTUAL LIFE | 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
NORTHWESTERN MUTUAL LIFE 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: NORTHWESTERN MUTUAL LIFE does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: NORTHWESTERN MUTUAL LIFE has a superior 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 NORTHWESTERN MUTUAL LIFE.
- BONUS PAY: NORTHWESTERN MUTUAL LIFE has an exceptional bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: NORTHWESTERN MUTUAL LIFE does not offer childcare discount.
- COMMUTER BENEFIT: NORTHWESTERN MUTUAL LIFE offers impressive 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: NORTHWESTERN MUTUAL LIFE offers a remarkable 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: NORTHWESTERN MUTUAL LIFE 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: NORTHWESTERN MUTUAL LIFE offers a great life insurance policy to its team members for an affordable price. NORTHWESTERN MUTUAL LIFE participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: NORTHWESTERN MUTUAL LIFE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why NORTHWESTERN MUTUAL LIFE has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: NORTHWESTERN MUTUAL LIFE has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, NORTHWESTERN MUTUAL LIFE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: NORTHWESTERN MUTUAL LIFE has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | NORTHWESTERN MUTUAL LIFE | 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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