This report analyzes and compares PLASTIPAK HOLDINGS' 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
PLASTIPAK HOLDINGS has remarkable 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 PLASTIPAK HOLDINGS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PLASTIPAK HOLDINGS continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that PLASTIPAK HOLDINGS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: PLASTIPAK HOLDINGS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows PLASTIPAK HOLDINGS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: PLASTIPAK HOLDINGS has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: PLASTIPAK HOLDINGS believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that PLASTIPAK HOLDINGS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: PLASTIPAK HOLDINGS is aware of the difficulties that new employees might experience when they join the team. That's why PLASTIPAK HOLDINGS has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, PLASTIPAK HOLDINGS implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: PLASTIPAK HOLDINGS 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 | PLASTIPAK HOLDINGS | 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
PLASTIPAK HOLDINGS offers superb 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 PLASTIPAK HOLDINGS's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PLASTIPAK HOLDINGS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: PLASTIPAK HOLDINGS offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: PLASTIPAK HOLDINGS offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: PLASTIPAK HOLDINGS is aware of the fact that a healthy employee is a productive employee so it offers excellent 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: PLASTIPAK HOLDINGS has a remarkable 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: Aware of the challenges that come with pregnancy, PLASTIPAK HOLDINGS has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: PLASTIPAK HOLDINGS does not offer telehealth.
- VISION PLAN: PLASTIPAK HOLDINGS 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 | PLASTIPAK HOLDINGS | 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
Team members enjoy great financial benefits at PLASTIPAK HOLDINGS. 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. PLASTIPAK HOLDINGS offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect PLASTIPAK HOLDINGS to partially cover the expenses.
- 401(K) PLAN: PLASTIPAK HOLDINGS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: PLASTIPAK HOLDINGS does not offer adoption assistance reimbursement.
- BONUS PAY: PLASTIPAK HOLDINGS has an excellent 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: PLASTIPAK HOLDINGS cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: PLASTIPAK HOLDINGS 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: PLASTIPAK HOLDINGS has a solid 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: PLASTIPAK HOLDINGS has a suitable 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 suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: PLASTIPAK HOLDINGS offers a solid life insurance policy to its team members for an affordable price. PLASTIPAK HOLDINGS 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: PLASTIPAK HOLDINGS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why PLASTIPAK HOLDINGS has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: PLASTIPAK HOLDINGS recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PLASTIPAK HOLDINGS, on volunteer work of their choice.
- PARENTAL LEAVE: PLASTIPAK HOLDINGS has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PLASTIPAK HOLDINGS | 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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