This report analyzes and compares CLIFFS NATURAL RESOURCES' employee health insurance and employee benefits with its industry and in Ohio 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
CLIFFS NATURAL RESOURCES offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. CLIFFS NATURAL RESOURCES believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: CLIFFS NATURAL RESOURCES continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that CLIFFS NATURAL RESOURCES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, CLIFFS NATURAL RESOURCES can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: CLIFFS NATURAL RESOURCES 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: CLIFFS NATURAL RESOURCES does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: CLIFFS NATURAL RESOURCES is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, CLIFFS NATURAL RESOURCES ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: CLIFFS NATURAL RESOURCES does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, CLIFFS NATURAL RESOURCES implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: CLIFFS NATURAL RESOURCES realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | CLIFFS NATURAL RESOURCES | Industry | Ohio |
|---|---|---|---|
| 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
CLIFFS NATURAL RESOURCES 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 CLIFFS NATURAL RESOURCES's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CLIFFS NATURAL RESOURCES has an excellent counseling program for its employees and their family members. Team members are encouraged by CLIFFS NATURAL RESOURCES to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: CLIFFS NATURAL RESOURCES 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: CLIFFS NATURAL RESOURCES offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: CLIFFS NATURAL RESOURCES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, CLIFFS NATURAL RESOURCES offers a good 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: CLIFFS NATURAL RESOURCES offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: CLIFFS NATURAL RESOURCES has implemented a superb telehealth policy for its members to use any time of the day, every single day. CLIFFS NATURAL RESOURCES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: CLIFFS NATURAL RESOURCES 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 | CLIFFS NATURAL RESOURCES | Industry | Ohio |
|---|---|---|---|
| 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
CLIFFS NATURAL RESOURCES 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: CLIFFS NATURAL RESOURCES knows how important it is to think about retirement and start saving on time. That's why it offers a great 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and CLIFFS NATURAL RESOURCES will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, CLIFFS NATURAL RESOURCES provides resources which will help team members decide what to do with their 401(k) plan. CLIFFS NATURAL RESOURCES offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: CLIFFS NATURAL RESOURCES has an excellent Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: CLIFFS NATURAL RESOURCES offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for CLIFFS NATURAL RESOURCES, and encourage others to do the same.
- CHILDCARE DISCOUNT: CLIFFS NATURAL RESOURCES does not offer childcare discount.
- COMMUTER BENEFIT: CLIFFS NATURAL RESOURCES 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: CLIFFS NATURAL RESOURCES offers an excellent 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: CLIFFS NATURAL RESOURCES has a solid disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: CLIFFS NATURAL RESOURCES offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: CLIFFS NATURAL RESOURCES 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: CLIFFS NATURAL RESOURCES believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why CLIFFS NATURAL RESOURCES offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: CLIFFS NATURAL RESOURCES has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CLIFFS NATURAL RESOURCES | Industry | Ohio |
|---|---|---|---|
| 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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