This report analyzes and compares TOYOTA MOTOR CREDIT CORPORATION's employee health insurance and employee benefits with its industry and in California 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
TOYOTA MOTOR CREDIT CORPORATION offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. TOYOTA MOTOR CREDIT CORPORATION believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: TOYOTA MOTOR CREDIT CORPORATION continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that TOYOTA MOTOR CREDIT CORPORATION uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: TOYOTA MOTOR CREDIT CORPORATION believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: TOYOTA MOTOR CREDIT CORPORATION encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, TOYOTA MOTOR CREDIT CORPORATION supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: TOYOTA MOTOR CREDIT CORPORATION has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: TOYOTA MOTOR CREDIT CORPORATION offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by TOYOTA MOTOR CREDIT CORPORATION to grow as leaders and learn how to make tough calls.
- ONBOARDING: TOYOTA MOTOR CREDIT CORPORATION does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, TOYOTA MOTOR CREDIT CORPORATION implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: TOYOTA MOTOR CREDIT CORPORATION does not offer tuition reimbursement.
Benefit | TOYOTA MOTOR CREDIT CORPORATION | Industry | California |
|---|---|---|---|
| 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
TOYOTA MOTOR CREDIT CORPORATION 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 TOYOTA MOTOR CREDIT CORPORATION's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TOYOTA MOTOR CREDIT CORPORATION is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why TOYOTA MOTOR CREDIT CORPORATION 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: Team members at TOYOTA MOTOR CREDIT CORPORATION 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. TOYOTA MOTOR CREDIT CORPORATION partially pays for dentures and braces as well.
- HEALTH INSURANCE: TOYOTA MOTOR CREDIT CORPORATION offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: TOYOTA MOTOR CREDIT CORPORATION 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: To financially help its team members with medical emergencies, TOYOTA MOTOR CREDIT CORPORATION offers a solid 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: TOYOTA MOTOR CREDIT CORPORATION offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: TOYOTA MOTOR CREDIT CORPORATION has an exceptional 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: TOYOTA MOTOR CREDIT CORPORATION has an outstanding Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | TOYOTA MOTOR CREDIT CORPORATION | Industry | California |
|---|---|---|---|
| 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
TOYOTA MOTOR CREDIT CORPORATION offers superior financial benefits for employees and their family members. A superior 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: TOYOTA MOTOR CREDIT CORPORATION has a superior 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. TOYOTA MOTOR CREDIT CORPORATION 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 superior TOYOTA MOTOR CREDIT CORPORATION has Matching program that matches 75% of employees' contributions. Whatever TOYOTA MOTOR CREDIT CORPORATION contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave TOYOTA MOTOR CREDIT CORPORATION. Recognizing that every team member is unique, with specific needs and goals, TOYOTA MOTOR CREDIT CORPORATION keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: TOYOTA MOTOR CREDIT CORPORATION does not offer adoption assistance reimbursement.
- BONUS PAY: TOYOTA MOTOR CREDIT CORPORATION has a solid 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: TOYOTA MOTOR CREDIT CORPORATION cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: TOYOTA MOTOR CREDIT CORPORATION 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: TOYOTA MOTOR CREDIT CORPORATION has a good 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: TOYOTA MOTOR CREDIT CORPORATION 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: TOYOTA MOTOR CREDIT CORPORATION offers an outstanding 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 outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: TOYOTA MOTOR CREDIT CORPORATION realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why TOYOTA MOTOR CREDIT CORPORATION has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: TOYOTA MOTOR CREDIT CORPORATION does not offer paid volunteer time off.
- PARENTAL LEAVE: TOYOTA MOTOR CREDIT CORPORATION has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TOYOTA MOTOR CREDIT CORPORATION | Industry | California |
|---|---|---|---|
| 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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