This report analyzes and compares RALPH LAUREN CORPORATION's employee health insurance and employee benefits with its industry and in New York 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
RALPH LAUREN CORPORATION 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 RALPH LAUREN CORPORATION. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: RALPH LAUREN CORPORATION offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, RALPH LAUREN CORPORATION makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: RALPH LAUREN CORPORATION does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows RALPH LAUREN CORPORATION 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: RALPH LAUREN CORPORATION has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: RALPH LAUREN CORPORATION offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by RALPH LAUREN CORPORATION to grow as leaders and learn how to make tough calls.
- ONBOARDING: RALPH LAUREN CORPORATION offers a superior Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, RALPH LAUREN CORPORATION implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: RALPH LAUREN CORPORATION does not offer tuition reimbursement.
Benefit | RALPH LAUREN CORPORATION | Industry | New York |
|---|---|---|---|
| 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
RALPH LAUREN CORPORATION offers first-class 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 RALPH LAUREN CORPORATION's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: RALPH LAUREN CORPORATION wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its top-notch 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: RALPH LAUREN CORPORATION 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: RALPH LAUREN CORPORATION offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, RALPH LAUREN CORPORATION offers great 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: RALPH LAUREN CORPORATION 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: RALPH LAUREN CORPORATION offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: RALPH LAUREN CORPORATION has a valuable telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. RALPH LAUREN CORPORATION can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: RALPH LAUREN CORPORATION 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 | RALPH LAUREN CORPORATION | Industry | New York |
|---|---|---|---|
| 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 suitable financial benefits at RALPH LAUREN CORPORATION. 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. RALPH LAUREN CORPORATION offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect RALPH LAUREN CORPORATION to partially cover the expenses.
- 401(K) PLAN: RALPH LAUREN CORPORATION does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: RALPH LAUREN CORPORATION has a valuable 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: RALPH LAUREN CORPORATION has a suitable 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: RALPH LAUREN CORPORATION does not offer childcare discount.
- COMMUTER BENEFIT: RALPH LAUREN CORPORATION 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: RALPH LAUREN CORPORATION 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: RALPH LAUREN CORPORATION 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: RALPH LAUREN CORPORATION offers a solid life insurance policy to its team members for an affordable price. RALPH LAUREN CORPORATION 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: RALPH LAUREN CORPORATION wants for its team members to lead a happy and fulfilled life so it has a valuable vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: RALPH LAUREN CORPORATION has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, RALPH LAUREN CORPORATION stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: RALPH LAUREN CORPORATION has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | RALPH LAUREN CORPORATION | Industry | New York |
|---|---|---|---|
| 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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