This report analyzes and compares FRUIT OF THE LOOM's employee health insurance and employee benefits with its industry and in Kentucky 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
FRUIT OF THE LOOM has remarkable 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 FRUIT OF THE LOOM. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: FRUIT OF THE LOOM believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. FRUIT OF THE LOOM has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, FRUIT OF THE LOOM can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: impressive development resources are what allows FRUIT OF THE LOOM to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: FRUIT OF THE LOOM has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: FRUIT OF THE LOOM is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, FRUIT OF THE LOOM ensures that team members with a potential for becoming leaders can achieve their goals.
- 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 FRUIT OF THE LOOM offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: FRUIT OF THE LOOM knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to FRUIT OF THE LOOM.
- TUITION REIMBURSEMENT: FRUIT OF THE LOOM does not offer tuition reimbursement.
Benefit | FRUIT OF THE LOOM | Industry | Kentucky |
|---|---|---|---|
| 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
FRUIT OF THE LOOM offers top-notch 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 FRUIT OF THE LOOM's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FRUIT OF THE LOOM does not offer counseling.
- DENTAL PLAN: Team members at FRUIT OF THE LOOM have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. FRUIT OF THE LOOM partially pays for dentures and braces as well.
- HEALTH INSURANCE: FRUIT OF THE LOOM offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: FRUIT OF THE LOOM is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: FRUIT OF THE LOOM 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: FRUIT OF THE LOOM has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: FRUIT OF THE LOOM has an excellent telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: FRUIT OF THE LOOM provides a top-notch 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 | FRUIT OF THE LOOM | Industry | Kentucky |
|---|---|---|---|
| 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
FRUIT OF THE LOOM offers top-notch financial benefits for employees and their family members. A top-notch 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: FRUIT OF THE LOOM has an outstanding 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, FRUIT OF THE LOOM offers an outstanding 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, FRUIT OF THE LOOM offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FRUIT OF THE LOOM has a superior 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 FRUIT OF THE LOOM.
- BONUS PAY: FRUIT OF THE LOOM has a valuable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: FRUIT OF THE LOOM offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: FRUIT OF THE LOOM offers impressive 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: FRUIT OF THE LOOM offers an impressive 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: FRUIT OF THE LOOM offers a superior 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: FRUIT OF THE LOOM offers an exceptional 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 exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: FRUIT OF THE LOOM 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: FRUIT OF THE LOOM believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why FRUIT OF THE LOOM offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: FRUIT OF THE LOOM has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FRUIT OF THE LOOM | Industry | Kentucky |
|---|---|---|---|
| 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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