This report analyzes and compares THE COCA-COLA COMPANY's employee health insurance and employee benefits with its industry and in Georgia 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
THE COCA-COLA COMPANY offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. THE COCA-COLA COMPANY believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: THE COCA-COLA COMPANY continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that THE COCA-COLA COMPANY uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: THE COCA-COLA COMPANY does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: THE COCA-COLA COMPANY encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, THE COCA-COLA COMPANY supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: THE COCA-COLA COMPANY has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: THE COCA-COLA COMPANY does not offer leadership programs.
- ONBOARDING: THE COCA-COLA COMPANY does not offer onboarding.
- RECOGNITION PROGRAMS: THE COCA-COLA COMPANY 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 THE COCA-COLA COMPANY.
- TUITION REIMBURSEMENT: THE COCA-COLA COMPANY has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at THE COCA-COLA COMPANY.
Benefit | THE COCA-COLA COMPANY | Industry | Georgia |
|---|---|---|---|
| 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
THE COCA-COLA COMPANY has great health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers great dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a great healthcare spending account at their disposal.
- COUNSELING: THE COCA-COLA COMPANY does not offer counseling.
- DENTAL PLAN: THE COCA-COLA COMPANY cares about its team members' dental health so it offers an outstanding 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: THE COCA-COLA COMPANY offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, THE COCA-COLA COMPANY 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: To financially help its team members with medical emergencies, THE COCA-COLA COMPANY offers a valuable 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: Aware of the challenges that come with pregnancy, THE COCA-COLA COMPANY has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: THE COCA-COLA COMPANY does not offer telehealth.
- VISION PLAN: THE COCA-COLA COMPANY provides a superior 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 | THE COCA-COLA COMPANY | Industry | Georgia |
|---|---|---|---|
| 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
THE COCA-COLA COMPANY 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: THE COCA-COLA COMPANY knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 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 THE COCA-COLA COMPANY 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, THE COCA-COLA COMPANY provides resources which will help team members decide what to do with their 401(k) plan. THE COCA-COLA COMPANY offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: THE COCA-COLA COMPANY has an exceptional 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: THE COCA-COLA COMPANY offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for THE COCA-COLA COMPANY, and encourage others to do the same.
- CHILDCARE DISCOUNT: THE COCA-COLA COMPANY offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: THE COCA-COLA COMPANY has a valuable 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: THE COCA-COLA COMPANY offers a first-class 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: THE COCA-COLA COMPANY has an outstanding disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: THE COCA-COLA COMPANY 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: THE COCA-COLA COMPANY has an exceptional 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: THE COCA-COLA COMPANY recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by THE COCA-COLA COMPANY, on volunteer work of their choice.
- PARENTAL LEAVE: THE COCA-COLA COMPANY has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | THE COCA-COLA COMPANY | Industry | Georgia |
|---|---|---|---|
| 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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