This report analyzes and compares PENSKE LOGISTICS' employee health insurance and employee benefits with its industry and in Pennsylvania 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
PENSKE LOGISTICS offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. PENSKE LOGISTICS believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: PENSKE LOGISTICS 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. PENSKE LOGISTICS has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: PENSKE LOGISTICS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows PENSKE LOGISTICS 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: PENSKE LOGISTICS does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: PENSKE LOGISTICS is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, PENSKE LOGISTICS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: PENSKE LOGISTICS is aware of the difficulties that new employees might experience when they join the team. That's why PENSKE LOGISTICS has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: PENSKE LOGISTICS knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to PENSKE LOGISTICS.
- TUITION REIMBURSEMENT: PENSKE LOGISTICS 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 | PENSKE LOGISTICS | Industry | Pennsylvania |
|---|---|---|---|
| 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
PENSKE LOGISTICS offers superior 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 PENSKE LOGISTICS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PENSKE LOGISTICS does not offer counseling.
- DENTAL PLAN: Team members at PENSKE LOGISTICS 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. PENSKE LOGISTICS partially pays for dentures and braces as well.
- HEALTH INSURANCE: PENSKE LOGISTICS offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: PENSKE LOGISTICS is aware of the fact that a healthy employee is a productive employee so it offers extraordinary health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, PENSKE LOGISTICS offers a great 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: PENSKE LOGISTICS offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: PENSKE LOGISTICS 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: PENSKE LOGISTICS 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 | PENSKE LOGISTICS | Industry | Pennsylvania |
|---|---|---|---|
| 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
PENSKE LOGISTICS offers remarkable financial benefits for employees and their family members. A remarkable 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: PENSKE LOGISTICS 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. PENSKE LOGISTICS 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 PENSKE LOGISTICS has Matching program that matches 75% of employees' contributions. Whatever PENSKE LOGISTICS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave PENSKE LOGISTICS. Recognizing that every team member is unique, with specific needs and goals, PENSKE LOGISTICS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: PENSKE LOGISTICS does not offer adoption assistance reimbursement.
- BONUS PAY: PENSKE LOGISTICS has a valuable 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: PENSKE LOGISTICS offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: PENSKE LOGISTICS acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: PENSKE LOGISTICS offers a superior 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: PENSKE LOGISTICS 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: PENSKE LOGISTICS offers a great life insurance policy to its team members for an affordable price. PENSKE LOGISTICS 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: PENSKE LOGISTICS has an excellent 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: PENSKE LOGISTICS recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PENSKE LOGISTICS, on volunteer work of their choice.
- PARENTAL LEAVE: PENSKE LOGISTICS has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PENSKE LOGISTICS | Industry | Pennsylvania |
|---|---|---|---|
| 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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