This report analyzes and compares TARGET's employee health insurance and employee benefits with its industry and in Minnesota State.

COMPARE TARGET'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

TARGET 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 TARGET. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: TARGET continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that TARGET uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: TARGET offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
  • DEVELOPMENT RESOURCES: extraordinary development resources are what allows TARGET to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
  • GED REIMBURSEMENT: TARGET does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: TARGET offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by TARGET to grow as leaders and learn how to make tough calls.
  • ONBOARDING: TARGET is aware of the difficulties that new employees might experience when they join the team. That's why TARGET has a good 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, TARGET implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
  • TUITION REIMBURSEMENT: TARGET has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
TARGET's career benefits comparison table

Benefit

TARGET

Industry

Minnesota

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

TARGET has solid health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers solid 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 solid healthcare spending account at their disposal.

  • COUNSELING: TARGET does not offer counseling.
  • DENTAL PLAN: Team members at TARGET have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. TARGET partially pays for dentures and braces as well.
  • HEALTH INSURANCE: TARGET provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
  • HEALTH PLAN INCENTIVES: TARGET does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, TARGET 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: TARGET 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: TARGET 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. TARGET can recommend a certain doctor or institution and covers up to 50% of the costs.
  • VISION PLAN: TARGET has an outstanding 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.
TARGET's healthcare benefits comparison table

Benefit

TARGET

Industry

Minnesota

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

TARGET 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: TARGET does not offer 401(k) plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: TARGET 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: TARGET 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: TARGET cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
  • COMMUTER BENEFIT: TARGET 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: TARGET offers a first-class 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: TARGET has an outstanding disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
  • LIFE INSURANCE: TARGET offers a solid life insurance policy to its team members for an affordable price. TARGET 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: TARGET wants for its team members to lead a happy and fulfilled life so it has a solid 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: TARGET believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why TARGET offers its team members up to 50 hours of paid volunteer time off.
  • PARENTAL LEAVE: TARGET has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
TARGET's financial benefits comparison table

Benefit

TARGET

Industry

Minnesota

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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