This report analyzes and compares ALLY FINANCIAL's employee health insurance and employee benefits with its industry and in Michigan 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
ALLY FINANCIAL offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. ALLY FINANCIAL believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: ALLY FINANCIAL continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that ALLY FINANCIAL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: ALLY FINANCIAL believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: ALLY FINANCIAL encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, ALLY FINANCIAL supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: ALLY FINANCIAL has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: ALLY FINANCIAL offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by ALLY FINANCIAL to grow as leaders and learn how to make tough calls.
- ONBOARDING: ALLY FINANCIAL does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, ALLY FINANCIAL implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: ALLY FINANCIAL does not offer tuition reimbursement.
Benefit | ALLY FINANCIAL | 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
ALLY FINANCIAL 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: ALLY FINANCIAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why ALLY FINANCIAL implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: ALLY FINANCIAL offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: ALLY FINANCIAL offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: ALLY FINANCIAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: ALLY FINANCIAL offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: ALLY FINANCIAL offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: ALLY FINANCIAL has a suitable 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. ALLY FINANCIAL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ALLY FINANCIAL offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | ALLY FINANCIAL | 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
ALLY FINANCIAL offers first-class financial benefits for employees and their family members. A first-class 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: ALLY FINANCIAL does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ALLY FINANCIAL has a good 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: ALLY FINANCIAL has an outstanding 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: ALLY FINANCIAL cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: ALLY FINANCIAL has a suitable 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: ALLY FINANCIAL offers a superb 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: ALLY FINANCIAL 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: ALLY FINANCIAL has a superior 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: ALLY FINANCIAL 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: ALLY FINANCIAL believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why ALLY FINANCIAL offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: ALLY FINANCIAL has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ALLY FINANCIAL | 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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