This report analyzes and compares AMERICAN AXLE & MANUFACTURING'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
AMERICAN AXLE & MANUFACTURING 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 AMERICAN AXLE & MANUFACTURING. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: AMERICAN AXLE & MANUFACTURING believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. AMERICAN AXLE & MANUFACTURING has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: AMERICAN AXLE & MANUFACTURING does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows AMERICAN AXLE & MANUFACTURING to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: AMERICAN AXLE & MANUFACTURING has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: AMERICAN AXLE & MANUFACTURING believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that AMERICAN AXLE & MANUFACTURING provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why AMERICAN AXLE & MANUFACTURING offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, AMERICAN AXLE & MANUFACTURING implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: AMERICAN AXLE & MANUFACTURING has a great 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 | AMERICAN AXLE & MANUFACTURING | 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
AMERICAN AXLE & MANUFACTURING 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 AMERICAN AXLE & MANUFACTURING's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: AMERICAN AXLE & MANUFACTURING is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why AMERICAN AXLE & MANUFACTURING 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: AMERICAN AXLE & MANUFACTURING 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: AMERICAN AXLE & MANUFACTURING offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: AMERICAN AXLE & MANUFACTURING does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: AMERICAN AXLE & MANUFACTURING offers an impressive 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: AMERICAN AXLE & MANUFACTURING 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: AMERICAN AXLE & MANUFACTURING has implemented a first-class telehealth policy for its members to use any time of the day, every single day. AMERICAN AXLE & MANUFACTURING covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: AMERICAN AXLE & MANUFACTURING has an excellent 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.
Benefit | AMERICAN AXLE & MANUFACTURING | 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
AMERICAN AXLE & MANUFACTURING 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: AMERICAN AXLE & MANUFACTURING has an extraordinary 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, AMERICAN AXLE & MANUFACTURING offers an extraordinary 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, AMERICAN AXLE & MANUFACTURING offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: AMERICAN AXLE & MANUFACTURING has a first-class 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 AMERICAN AXLE & MANUFACTURING.
- BONUS PAY: AMERICAN AXLE & MANUFACTURING offers superb bonuses to team members who excel in their field of work, provide extraordinary results for AMERICAN AXLE & MANUFACTURING, and encourage others to do the same.
- CHILDCARE DISCOUNT: AMERICAN AXLE & MANUFACTURING has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: AMERICAN AXLE & MANUFACTURING has a great 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: AMERICAN AXLE & MANUFACTURING has a suitable 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: AMERICAN AXLE & MANUFACTURING 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: AMERICAN AXLE & MANUFACTURING 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: AMERICAN AXLE & MANUFACTURING has an excellent 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: AMERICAN AXLE & MANUFACTURING has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, AMERICAN AXLE & MANUFACTURING stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: AMERICAN AXLE & MANUFACTURING has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | AMERICAN AXLE & MANUFACTURING | 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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