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

COMPARE VISTEON'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

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

  • CAREER PLANNING: VISTEON continually evaluates its team members to determine the potential and direction of employees' careers. The exceptional tools that VISTEON uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: VISTEON does not offer coaching and mentoring.
  • DEVELOPMENT RESOURCES: VISTEON offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
  • GED REIMBURSEMENT: VISTEON has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
  • LEADERSHIP PROGRAMS: VISTEON does not offer leadership programs.
  • ONBOARDING: VISTEON does not offer onboarding.
  • RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, VISTEON implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
  • TUITION REIMBURSEMENT: VISTEON realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
VISTEON's career benefits comparison table

Benefit

VISTEON

Industry

Michigan

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

VISTEON 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 VISTEON's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: VISTEON does not offer counseling.
  • DENTAL PLAN: VISTEON 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: VISTEON offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
  • HEALTH PLAN INCENTIVES: VISTEON does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: VISTEON 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: Aware of the challenges that come with pregnancy, VISTEON has created a superior maternity support program to support its expecting team members.
  • TELEHEALTH: VISTEON has a solid 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. VISTEON can recommend a certain doctor or institution and covers up to 50% of the costs.
  • VISION PLAN: VISTEON has an exceptional 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.
VISTEON's healthcare benefits comparison table

Benefit

VISTEON

Industry

Michigan

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

VISTEON 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: VISTEON 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. VISTEON 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 VISTEON has Matching program that matches 75% of employees' contributions. Whatever VISTEON contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave VISTEON. Recognizing that every team member is unique, with specific needs and goals, VISTEON keeps their members informed about their 401(k) options.
  • ADOPTION ASSISTANCE REIMBURSEMENT: VISTEON does not offer adoption assistance reimbursement.
  • BONUS PAY: VISTEON offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for VISTEON, and encourage others to do the same.
  • CHILDCARE DISCOUNT: VISTEON has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
  • COMMUTER BENEFIT: VISTEON 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: VISTEON offers a remarkable 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: VISTEON has an impressive 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: VISTEON offers an excellent 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 excellent life insurance package contains dependent policies as well.
  • PAID TIME OFF: VISTEON realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why VISTEON has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
  • PAID VOLUNTEER TIME OFF: VISTEON 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 VISTEON, on volunteer work of their choice.
  • PARENTAL LEAVE: VISTEON has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
VISTEON's financial benefits comparison table

Benefit

VISTEON

Industry

Michigan

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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