This report analyzes and compares YANFENG AUTOMOTIVE INTERIORS' employee health insurance and employee benefits with its industry and in Minnesota 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
YANFENG AUTOMOTIVE INTERIORS has first-class 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 YANFENG AUTOMOTIVE INTERIORS. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: YANFENG AUTOMOTIVE INTERIORS believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. YANFENG AUTOMOTIVE INTERIORS has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: YANFENG AUTOMOTIVE INTERIORS offers remarkable coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows YANFENG AUTOMOTIVE INTERIORS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: YANFENG AUTOMOTIVE INTERIORS has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: YANFENG AUTOMOTIVE INTERIORS offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by YANFENG AUTOMOTIVE INTERIORS to grow as leaders and learn how to make tough calls.
- 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 YANFENG AUTOMOTIVE INTERIORS offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: YANFENG AUTOMOTIVE INTERIORS knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to YANFENG AUTOMOTIVE INTERIORS.
- TUITION REIMBURSEMENT: YANFENG AUTOMOTIVE INTERIORS does not offer tuition reimbursement.
Benefit | YANFENG AUTOMOTIVE INTERIORS | Industry | Minnesota |
|---|---|---|---|
| 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
YANFENG AUTOMOTIVE INTERIORS 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 YANFENG AUTOMOTIVE INTERIORS's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: YANFENG AUTOMOTIVE INTERIORS has an outstanding counseling program for its employees and their family members. Team members are encouraged by YANFENG AUTOMOTIVE INTERIORS 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 outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: YANFENG AUTOMOTIVE INTERIORS cares about its team members' dental health so it offers an extraordinary 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: YANFENG AUTOMOTIVE INTERIORS offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: YANFENG AUTOMOTIVE INTERIORS is aware of the fact that a healthy employee is a productive employee so it offers exceptional 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, YANFENG AUTOMOTIVE INTERIORS offers a good 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, YANFENG AUTOMOTIVE INTERIORS has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: YANFENG AUTOMOTIVE INTERIORS has an outstanding 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: YANFENG AUTOMOTIVE INTERIORS 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 | YANFENG AUTOMOTIVE INTERIORS | Industry | Minnesota |
|---|---|---|---|
| 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
YANFENG AUTOMOTIVE INTERIORS 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: YANFENG AUTOMOTIVE INTERIORS has an excellent 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, YANFENG AUTOMOTIVE INTERIORS offers an excellent 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, YANFENG AUTOMOTIVE INTERIORS offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: YANFENG AUTOMOTIVE INTERIORS 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 YANFENG AUTOMOTIVE INTERIORS.
- BONUS PAY: YANFENG AUTOMOTIVE INTERIORS has an impressive 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: YANFENG AUTOMOTIVE INTERIORS cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: YANFENG AUTOMOTIVE INTERIORS offers excellent 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: YANFENG AUTOMOTIVE INTERIORS has a valuable 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: YANFENG AUTOMOTIVE INTERIORS has an excellent 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: YANFENG AUTOMOTIVE INTERIORS has a first-class life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: YANFENG AUTOMOTIVE INTERIORS has an outstanding 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: YANFENG AUTOMOTIVE INTERIORS has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, YANFENG AUTOMOTIVE INTERIORS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: YANFENG AUTOMOTIVE INTERIORS has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | YANFENG AUTOMOTIVE INTERIORS | Industry | Minnesota |
|---|---|---|---|
| 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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