This report analyzes and compares THE KRAFT HEINZ COMPANY's employee health insurance and employee benefits with its industry and in Minnesota 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
THE KRAFT HEINZ COMPANY 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 THE KRAFT HEINZ COMPANY. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: THE KRAFT HEINZ COMPANY offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, THE KRAFT HEINZ COMPANY makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a good coaching and mentoring program, THE KRAFT HEINZ COMPANY can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: THE KRAFT HEINZ COMPANY encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, THE KRAFT HEINZ COMPANY supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: THE KRAFT HEINZ COMPANY has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: THE KRAFT HEINZ COMPANY believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that THE KRAFT HEINZ COMPANY provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: THE KRAFT HEINZ COMPANY is aware of the difficulties that new employees might experience when they join the team. That's why THE KRAFT HEINZ COMPANY has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: THE KRAFT HEINZ COMPANY knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to THE KRAFT HEINZ COMPANY.
- TUITION REIMBURSEMENT: THE KRAFT HEINZ COMPANY has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at THE KRAFT HEINZ COMPANY.
Benefit | THE KRAFT HEINZ COMPANY | 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
THE KRAFT HEINZ COMPANY 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 THE KRAFT HEINZ COMPANY's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: THE KRAFT HEINZ COMPANY has an excellent counseling program for its employees and their family members. Team members are encouraged by THE KRAFT HEINZ COMPANY to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: THE KRAFT HEINZ COMPANY cares about its team members' dental health so it offers an extraordinary dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: THE KRAFT HEINZ COMPANY offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: THE KRAFT HEINZ COMPANY offers its team members first-class 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. THE KRAFT HEINZ COMPANY provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, THE KRAFT HEINZ COMPANY offers a solid 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: Aware of the challenges that come with pregnancy, THE KRAFT HEINZ COMPANY has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: THE KRAFT HEINZ COMPANY has an impressive 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: THE KRAFT HEINZ COMPANY 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 | THE KRAFT HEINZ COMPANY | 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
THE KRAFT HEINZ COMPANY offers superb financial benefits for employees and their family members. A superb 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: THE KRAFT HEINZ COMPANY knows how important it is to think about retirement and start saving on time. That's why it offers a good 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and THE KRAFT HEINZ COMPANY will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, THE KRAFT HEINZ COMPANY provides resources which will help team members decide what to do with their 401(k) plan. THE KRAFT HEINZ COMPANY offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: THE KRAFT HEINZ COMPANY has a superior Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by THE KRAFT HEINZ COMPANY.
- BONUS PAY: THE KRAFT HEINZ COMPANY offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for THE KRAFT HEINZ COMPANY, and encourage others to do the same.
- CHILDCARE DISCOUNT: THE KRAFT HEINZ COMPANY has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: THE KRAFT HEINZ COMPANY offers excellent 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: THE KRAFT HEINZ COMPANY has a good 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: THE KRAFT HEINZ COMPANY has an extraordinary 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: THE KRAFT HEINZ COMPANY offers a great life insurance policy to its team members for an affordable price. THE KRAFT HEINZ COMPANY 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: THE KRAFT HEINZ COMPANY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why THE KRAFT HEINZ COMPANY has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: THE KRAFT HEINZ COMPANY does not offer paid volunteer time off.
- PARENTAL LEAVE: THE KRAFT HEINZ COMPANY has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | THE KRAFT HEINZ COMPANY | 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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