Hyundai offers all regular full-time employees a comprehensive medical plan. Through Anthem Blue Cross, all employees have the choice of a Power CareAdvocate PPO, or High Deductible Health Plan with a Health Savings Account or Health Reimbursement Account. Hyundai pays a significant portion of the premiums for all medical plans for employees and their eligible dependent(s).
Hyundai also offers our employees the choice of two dental plans – Dental PPO and Dental DHMO. There is a minimal employee contribution for the PPO plan and the DHMO plan is free to employees and their dependent(s). The PPO plan includes 100% coverage for diagnostic and preventive services every six months, plus 80% coverage for basic services and major procedures when using network providers is covered at 60%, after an annual deductible. Under the DHMO plan, there are no employee contributions, no deductibles, no annual maximums, and 100% coverage for many procedures.
Coverage through Anthem's Blue View Vision plan provides eye exams and glasses or contact lenses every 12 months. Coverage for exams is 100% after a $25 co-pay and there is a $35 co-pay for glasses when using participating doctors or retail chains such as Lens Crafters, Sears Optical, Pearl Vision, and Target Optical.
Company-paid Life Insurance coverage equal to two times annual base salary, to a maximum of $1,500,000.
Business Travel Acccident Insurance
Company-paid Business Travel Accident Insurance equal to three times annual base salary, to a maximum of $600,000, while traveling on company business.
SUPPLEMENTAL LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) INSURANCE
Additional Life Insurance and AD&D Insurance for employee and members of their family can also be purchased.
Employees can defer up to 25% of eligible compensation into Hyundai's 401(k) plan. Hyundai matches the first 6% of the employee's pretax contribution at the rate of 66-2/3%. An employee is eligible to participate in the 401(k) plan beginning the first full pay period of the month following their date of hire. Eligibility for the company's matching contribution begins on the first full pay period following one year of employment.
New employees are eligible after one year of service for a 4% Hyundai pension contribution, into their 401(k) plan. This contribution is above and beyond the regular 401(k) employer matching contribution described above.
Regular full-time employees are eligible for vacation based on Hyundai's policy.
Thirteen paid holidays are provided each year, corresponding with national observances.
Each calendar year, regular full-time employees are provided with up to six paid days to be used when ill or injured. These days may also be used to care for your spouse, children or parents.
Flexible Spending Account - Dependent Care
Allows employees to reduce annual taxable income by up to $5,000 to pay for eligible dependent care expenses.
Flexible Spending Account - Health
Allows employees to reduce annual taxable income by up to $3,600 to pay for eligible out-of-pocket medical, dental, and vision expenses for employees and their eligible dependents such as deductibles and copayments. Debit card feature is available for reimbursements.
Long-Term Care (LTC)
Hyundai's Voluntary Long Term Care benefit is available to all full-time employees and their eligible family members.
Employee Assistance Program (EAP)
Our Employee Assistance Program (EAP) offers confidential support and assistance with legal and financial issues, emotional problems, parenting or eldercare concerns. The program also offers identity theft recovery services and online estate planning services.
Save time by having your checks deposited automatically to a bank of your choice.
Eligible employees can lease or buy vehicles based on Company guidelines. An employee can rent cars at a nominal cost. Use/lease of any company car requires an acceptable driving record.
Family Medical Leave of Absence (FMLA)
Eligible employees may take up to 12 weeks of unpaid leave for the birth, adoption or placement of a child, or due to the serious health condition of certain family members. Employees are eligible for up to four months of FMLA leave due to their own serious health condition.
Short-Term Disability (STD)
Provides income protection in the event that you are disabled. Benefits are based on length of service. The company currently reimburses employees for the full cost of this premium.
Long-Term Disability (LTD)
After the elimination period has been satisfied and a claim approved, the plan provides coverage at 60 percent of base salary until age 65, death, or end of disability, whichever is earlier. The entire premium is currently paid by the company.
Employee Discount Program
Enjoy discounted tickets for admission to theme parks or other popular attractions.
Enjoy the on-site fitness center at NHQ and regional offices.
Hyundai's corporate headquarters features an on-site store that also offers ATM, laundry and tailoring services.
All Hyundai employees are eligible to participate with our banking partners; Bank of America, Citibank and the Orange County Federal Credit Union. Our banking partners offer our members discounts on a variety of goods, services, shopping clubs, etc.
Training and Development
From initial orientation, you have opportunities to expand your skills and grow at Hyundai through a variety of learning opportunities, including classroom programs, web broadcasts and over 500 online courses.
As a regular, full-time employee, after one year of service you may be eligible for tuition reimbursement, up to a maximum of $5,250 for each calendar year.
Your dedication is recognized with an award for each five years of service.
Diversity and Career Advancement
Our commitment to diversity includes formalized programs and processes to ensure we maintain a culture that allows all employees to be their best.
For career moves, you may receive assistance in home sale as well as allowances for travel, temporary housing, moving and other necessary expenses.
Salaries are reviewed company-wide on April 1 of each year. Increase for an employee who has not been previously reviewed is pro-rated to reflect length of service.
The descriptions contained herein are for brevity only; for exact description of benefits see appropriate plan literature.