This report analyzes and compares STATE AUTO FINANCIAL CORPORATION's employee health insurance and employee benefits with its industry and in Ohio 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
STATE AUTO FINANCIAL CORPORATION 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 STATE AUTO FINANCIAL CORPORATION. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: STATE AUTO FINANCIAL CORPORATION continually evaluates its team members to determine the potential and direction of employees' careers. The exceptional tools that STATE AUTO FINANCIAL CORPORATION uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: STATE AUTO FINANCIAL CORPORATION does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: STATE AUTO FINANCIAL CORPORATION encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, STATE AUTO FINANCIAL CORPORATION supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: STATE AUTO FINANCIAL CORPORATION has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: STATE AUTO FINANCIAL CORPORATION believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that STATE AUTO FINANCIAL CORPORATION provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: STATE AUTO FINANCIAL CORPORATION does not offer onboarding.
- RECOGNITION PROGRAMS: STATE AUTO FINANCIAL CORPORATION has a superior 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: STATE AUTO FINANCIAL CORPORATION does not offer tuition reimbursement.
Benefit | STATE AUTO FINANCIAL CORPORATION | Industry | Ohio |
|---|---|---|---|
| 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
STATE AUTO FINANCIAL CORPORATION has great health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers great dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a great healthcare spending account at their disposal.
- COUNSELING: STATE AUTO FINANCIAL CORPORATION is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why STATE AUTO FINANCIAL CORPORATION implemented a great 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 great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: STATE AUTO FINANCIAL CORPORATION offers a good 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: STATE AUTO FINANCIAL CORPORATION offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: STATE AUTO FINANCIAL CORPORATION offers its team members top-notch health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. STATE AUTO FINANCIAL CORPORATION provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: STATE AUTO FINANCIAL CORPORATION has a superior 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: STATE AUTO FINANCIAL CORPORATION 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: STATE AUTO FINANCIAL CORPORATION has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. STATE AUTO FINANCIAL CORPORATION covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: STATE AUTO FINANCIAL CORPORATION offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | STATE AUTO FINANCIAL CORPORATION | Industry | Ohio |
|---|---|---|---|
| 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
STATE AUTO FINANCIAL CORPORATION offers first-class financial benefits for employees and their family members. A first-class 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: STATE AUTO FINANCIAL CORPORATION 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. STATE AUTO FINANCIAL CORPORATION 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 STATE AUTO FINANCIAL CORPORATION has Matching program that matches 75% of employees' contributions. Whatever STATE AUTO FINANCIAL CORPORATION contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave STATE AUTO FINANCIAL CORPORATION. Recognizing that every team member is unique, with specific needs and goals, STATE AUTO FINANCIAL CORPORATION keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: STATE AUTO FINANCIAL CORPORATION does not offer adoption assistance reimbursement.
- BONUS PAY: STATE AUTO FINANCIAL CORPORATION has a good 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: STATE AUTO FINANCIAL CORPORATION offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: STATE AUTO FINANCIAL CORPORATION acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: STATE AUTO FINANCIAL CORPORATION offers an exceptional 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: STATE AUTO FINANCIAL CORPORATION offers a superb 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: STATE AUTO FINANCIAL CORPORATION offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: STATE AUTO FINANCIAL CORPORATION realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why STATE AUTO FINANCIAL CORPORATION has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: STATE AUTO FINANCIAL CORPORATION does not offer paid volunteer time off.
- PARENTAL LEAVE: STATE AUTO FINANCIAL CORPORATION has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | STATE AUTO FINANCIAL CORPORATION | Industry | Ohio |
|---|---|---|---|
| 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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