This report analyzes and compares KAR AUCTION SERVICES' employee health insurance and employee benefits with its industry and in Indiana 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
KAR AUCTION SERVICES 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 KAR AUCTION SERVICES. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: KAR AUCTION SERVICES offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, KAR AUCTION SERVICES makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: KAR AUCTION SERVICES believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows KAR AUCTION SERVICES 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: KAR AUCTION SERVICES does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: KAR AUCTION SERVICES does not offer leadership programs.
- ONBOARDING: KAR AUCTION SERVICES is aware of the difficulties that new employees might experience when they join the team. That's why KAR AUCTION SERVICES has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: KAR AUCTION SERVICES has a top-notch Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: KAR AUCTION SERVICES has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at KAR AUCTION SERVICES.
Benefit | KAR AUCTION SERVICES | Industry | Indiana |
|---|---|---|---|
| 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
KAR AUCTION SERVICES 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 KAR AUCTION SERVICES's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: KAR AUCTION SERVICES has an excellent counseling program for its employees and their family members. Team members are encouraged by KAR AUCTION SERVICES 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: Team members at KAR AUCTION SERVICES have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. KAR AUCTION SERVICES partially pays for dentures and braces as well.
- HEALTH INSURANCE: KAR AUCTION SERVICES offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: KAR AUCTION SERVICES offers its team members superior health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. KAR AUCTION SERVICES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: KAR AUCTION SERVICES has a top-notch healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: KAR AUCTION SERVICES offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: KAR AUCTION SERVICES does not offer telehealth.
- VISION PLAN: KAR AUCTION SERVICES 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 | KAR AUCTION SERVICES | Industry | Indiana |
|---|---|---|---|
| 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
Team members enjoy solid financial benefits at KAR AUCTION SERVICES. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. KAR AUCTION SERVICES offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect KAR AUCTION SERVICES to partially cover the expenses.
- 401(K) PLAN: KAR AUCTION SERVICES does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: KAR AUCTION SERVICES does not offer adoption assistance reimbursement.
- BONUS PAY: KAR AUCTION SERVICES offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for KAR AUCTION SERVICES, and encourage others to do the same.
- CHILDCARE DISCOUNT: KAR AUCTION SERVICES does not offer childcare discount.
- COMMUTER BENEFIT: KAR AUCTION SERVICES acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: KAR AUCTION SERVICES offers a superior 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: KAR AUCTION SERVICES has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: KAR AUCTION SERVICES offers a solid life insurance policy to its team members for an affordable price. KAR AUCTION SERVICES participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: KAR AUCTION SERVICES wants for its team members to lead a happy and fulfilled life so it has a great 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: KAR AUCTION SERVICES recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by KAR AUCTION SERVICES, on volunteer work of their choice.
- PARENTAL LEAVE: KAR AUCTION SERVICES has an outstanding parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | KAR AUCTION SERVICES | Industry | Indiana |
|---|---|---|---|
| 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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