This report analyzes and compares TYSON FOODS' employee health insurance and employee benefits with its industry and in Arkansas 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
TYSON FOODS has superb 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 TYSON FOODS. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: TYSON FOODS continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that TYSON FOODS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: TYSON FOODS offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: TYSON FOODS offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: TYSON FOODS does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: TYSON FOODS believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that TYSON FOODS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: TYSON FOODS is aware of the difficulties that new employees might experience when they join the team. That's why TYSON FOODS 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, TYSON FOODS implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: TYSON FOODS does not offer tuition reimbursement.
Benefit | TYSON FOODS | Industry | Arkansas |
|---|---|---|---|
| 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
TYSON FOODS offers remarkable 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 TYSON FOODS's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TYSON FOODS does not offer counseling.
- DENTAL PLAN: Team members at TYSON FOODS have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. TYSON FOODS partially pays for dentures and braces as well.
- HEALTH INSURANCE: TYSON FOODS provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: TYSON FOODS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: TYSON FOODS has a superb 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: TYSON FOODS has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: TYSON FOODS has an extraordinary 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: TYSON FOODS 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 | TYSON FOODS | Industry | Arkansas |
|---|---|---|---|
| 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
TYSON FOODS 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: TYSON FOODS has a superior 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. TYSON FOODS 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 superior TYSON FOODS has Matching program that matches 75% of employees' contributions. Whatever TYSON FOODS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave TYSON FOODS. Recognizing that every team member is unique, with specific needs and goals, TYSON FOODS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: TYSON FOODS has a top-notch 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 TYSON FOODS.
- BONUS PAY: TYSON FOODS offers superb bonuses to team members who excel in their field of work, provide extraordinary results for TYSON FOODS, and encourage others to do the same.
- CHILDCARE DISCOUNT: TYSON FOODS does not offer childcare discount.
- COMMUTER BENEFIT: TYSON FOODS has a solid commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TYSON FOODS 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: TYSON FOODS has an excellent 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: TYSON FOODS has a top-notch life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: TYSON FOODS has an impressive vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: TYSON FOODS recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by TYSON FOODS, on volunteer work of their choice.
- PARENTAL LEAVE: TYSON FOODS has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TYSON FOODS | Industry | Arkansas |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared TYSON FOODS' benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.