This report analyzes and compares FOOT LOCKER's employee health insurance and employee benefits with its industry and in New York 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
FOOT LOCKER offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FOOT LOCKER 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: FOOT LOCKER believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. FOOT LOCKER has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a great coaching and mentoring program, FOOT LOCKER can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: FOOT LOCKER encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, FOOT LOCKER supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: FOOT LOCKER does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: FOOT LOCKER does not offer leadership programs.
- ONBOARDING: FOOT LOCKER does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, FOOT LOCKER implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: FOOT LOCKER has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at FOOT LOCKER.
Benefit | FOOT LOCKER | Industry | New York |
|---|---|---|---|
| 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
FOOT LOCKER 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 FOOT LOCKER's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FOOT LOCKER does not offer counseling.
- DENTAL PLAN: Team members at FOOT LOCKER 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. FOOT LOCKER partially pays for dentures and braces as well.
- HEALTH INSURANCE: FOOT LOCKER offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, FOOT LOCKER offers good health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: FOOT LOCKER offers an excellent 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: FOOT LOCKER offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: FOOT LOCKER 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. FOOT LOCKER can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: FOOT LOCKER provides a remarkable 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 | FOOT LOCKER | Industry | New York |
|---|---|---|---|
| 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
FOOT LOCKER offers remarkable financial benefits for employees and their family members. A remarkable 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: FOOT LOCKER has a remarkable 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. FOOT LOCKER 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 remarkable FOOT LOCKER has Matching program that matches 75% of employees' contributions. Whatever FOOT LOCKER contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave FOOT LOCKER. Recognizing that every team member is unique, with specific needs and goals, FOOT LOCKER keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: FOOT LOCKER has an impressive 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: FOOT LOCKER has an excellent 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: FOOT LOCKER does not offer childcare discount.
- COMMUTER BENEFIT: FOOT LOCKER acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: FOOT LOCKER 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: FOOT LOCKER offers a superb short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: FOOT LOCKER has a first-class 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: FOOT LOCKER wants for its team members to lead a happy and fulfilled life so it has a good vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: FOOT LOCKER believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why FOOT LOCKER offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: FOOT LOCKER has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FOOT LOCKER | Industry | New York |
|---|---|---|---|
| 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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