This report analyzes and compares HYSTER-YALE MATERIALS HANDLING's 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
HYSTER-YALE MATERIALS HANDLING has top-notch 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 HYSTER-YALE MATERIALS HANDLING. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: HYSTER-YALE MATERIALS HANDLING offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, HYSTER-YALE MATERIALS HANDLING makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: HYSTER-YALE MATERIALS HANDLING offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows HYSTER-YALE MATERIALS HANDLING to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: HYSTER-YALE MATERIALS HANDLING has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: HYSTER-YALE MATERIALS HANDLING believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that HYSTER-YALE MATERIALS HANDLING provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: HYSTER-YALE MATERIALS HANDLING does not offer onboarding.
- RECOGNITION PROGRAMS: HYSTER-YALE MATERIALS HANDLING knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to HYSTER-YALE MATERIALS HANDLING.
- TUITION REIMBURSEMENT: HYSTER-YALE MATERIALS HANDLING 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 HYSTER-YALE MATERIALS HANDLING.
Benefit | HYSTER-YALE MATERIALS HANDLING | 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
HYSTER-YALE MATERIALS HANDLING 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 HYSTER-YALE MATERIALS HANDLING's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: HYSTER-YALE MATERIALS HANDLING is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why HYSTER-YALE MATERIALS HANDLING 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: HYSTER-YALE MATERIALS HANDLING offers a great 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: HYSTER-YALE MATERIALS HANDLING offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: HYSTER-YALE MATERIALS HANDLING 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: HYSTER-YALE MATERIALS HANDLING 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: HYSTER-YALE MATERIALS HANDLING offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: HYSTER-YALE MATERIALS HANDLING 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: HYSTER-YALE MATERIALS HANDLING provides a first-class 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 | HYSTER-YALE MATERIALS HANDLING | 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
HYSTER-YALE MATERIALS HANDLING 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: HYSTER-YALE MATERIALS HANDLING has an impressive 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, HYSTER-YALE MATERIALS HANDLING offers an impressive 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, HYSTER-YALE MATERIALS HANDLING offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: HYSTER-YALE MATERIALS HANDLING has a remarkable 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 HYSTER-YALE MATERIALS HANDLING.
- BONUS PAY: HYSTER-YALE MATERIALS HANDLING 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: HYSTER-YALE MATERIALS HANDLING offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: HYSTER-YALE MATERIALS HANDLING has a good 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: HYSTER-YALE MATERIALS HANDLING has a solid 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: HYSTER-YALE MATERIALS HANDLING has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: HYSTER-YALE MATERIALS HANDLING 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: HYSTER-YALE MATERIALS HANDLING realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why HYSTER-YALE MATERIALS HANDLING has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: HYSTER-YALE MATERIALS HANDLING recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by HYSTER-YALE MATERIALS HANDLING, on volunteer work of their choice.
- PARENTAL LEAVE: HYSTER-YALE MATERIALS HANDLING has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | HYSTER-YALE MATERIALS HANDLING | 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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