This report analyzes and compares TRIUMPH GROUP's employee health insurance and employee benefits with its industry and in Pennsylvania 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
TRIUMPH GROUP offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. TRIUMPH GROUP believes that every employee has a valuable set of skills so it helps them plan their careers with valuable developmental resources and mentorships.
- CAREER PLANNING: TRIUMPH GROUP offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, TRIUMPH GROUP makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: TRIUMPH GROUP does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows TRIUMPH GROUP 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: TRIUMPH GROUP does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: TRIUMPH GROUP believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that TRIUMPH GROUP provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: TRIUMPH GROUP is aware of the difficulties that new employees might experience when they join the team. That's why TRIUMPH GROUP 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, TRIUMPH GROUP implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: TRIUMPH GROUP has a good 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 | TRIUMPH GROUP | Industry | Pennsylvania |
|---|---|---|---|
| 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
TRIUMPH GROUP 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 TRIUMPH GROUP's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TRIUMPH GROUP does not offer counseling.
- DENTAL PLAN: TRIUMPH GROUP cares about its team members' dental health so it offers an excellent 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: TRIUMPH GROUP offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: TRIUMPH GROUP does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, TRIUMPH GROUP offers a suitable 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: TRIUMPH GROUP offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: TRIUMPH GROUP has a great 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. TRIUMPH GROUP can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: TRIUMPH GROUP provides a superb 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 | TRIUMPH GROUP | Industry | Pennsylvania |
|---|---|---|---|
| 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
TRIUMPH GROUP offers superior financial benefits for employees and their family members. A superior 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: TRIUMPH GROUP has an exceptional 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, TRIUMPH GROUP offers an exceptional program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, TRIUMPH GROUP offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: TRIUMPH GROUP has a remarkable 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 TRIUMPH GROUP.
- BONUS PAY: TRIUMPH GROUP 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: TRIUMPH GROUP has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: TRIUMPH GROUP acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TRIUMPH GROUP offers an extraordinary 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: TRIUMPH GROUP has an exceptional 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: TRIUMPH GROUP offers a great life insurance policy to its team members for an affordable price. TRIUMPH GROUP 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: TRIUMPH GROUP realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why TRIUMPH GROUP has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: TRIUMPH GROUP recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by TRIUMPH GROUP, on volunteer work of their choice.
- PARENTAL LEAVE: TRIUMPH GROUP has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TRIUMPH GROUP | Industry | Pennsylvania |
|---|---|---|---|
| 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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