• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Analysis of Benefit-Target Corporation

Extracts from this document...

Introduction

Analysis of Benefit-Target Corporation Nearly everyone is at least somewhat familiar with Target stores; the famous bull's-eye logo is identifiable all across the United States. With the motto "Expect More, Pay Less", the company suggests that customers can expect more of everything; at more reasonable prices. (1) Target's commitment to the consumer, as well as its employment consideration and management style led Fortune Magazine to name it as one of the Most Admired Companies in 2005. The Target Corporation prides itself on their department store roots with a constant obligation to great prices and stylish originality. The main focus of every Target store is the customer, whom the corporation refers to as a "guest", making them feel more personal. Each guest can expect to walk into a clean, organized, and easy to navigate store with "high quality, stylishly designed items plus all the essentials for his or her life". (1) The company also has a significant focus on design. ...read more.

Middle

The benefits offered at Target Corporation include health insurance, retirement and savings contributions, and also a competitive pay, a package known as "My Total Compensation". Benefits are offered to all benefits to all team members. Exempt team members are offered a full benefits package. Non-exempt team members are offered a Full-Time, Part-Time or Limited benefits package based on average hours worked and position. The full benefits package provides a variety of health care options, including account-based plans with either a Health Reimbursement Account or a Health Savings Account. If employees are eligible for benefits and their coverage requires out-of-pocket health care and/or dental expenses, they can enroll in a Flexible Spending Account (FSA) for health care. This account allows anyone to reserve a portion of their paycheck as a tax-free fund for covering eligible healthcare expenses, and even offers online account management for their convenience. Employees can have a family savings account plan with a deductible of $1,900 which cost about $2,600 a year. ...read more.

Conclusion

Employees get to choose their own dentist, or select an in-network dentist among a range of locations provided. Choosing an in-network dentist will maximize savings and reduce any out-of-pocket costs. Different Prescription Drug coverage is available. It depends on the employee's health care plan. They can either fill their prescriptions through any retail pharmacy or use a Target Pharmacy. If they use a Target Pharmacy, they can use their 10% team member discount on their out-of-pocket cost. Target also offers a mail-order program and 90- day refills at any Target Pharmacy. Target offers counseling services to their employees when they need it. The Team Member Life Resources provides confidential Counseling, support and information 24 hours a day, 7 days a week. This service can help an employee juggle everything from child-care arrangements, to concerns about aging parents, to developing a healthy dinner menu. While they do offer health insurance to their team members, one must keep in mind the recent reports that Target has changed the healthcare plan to increase the amount that employees must contribute to their coverage.(4) http://www.nytimes.com/2007/11/13/business/13walmart.html ?? ?? ?? ?? ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. English for business

    Without venture capital, economic growth will struggle to match population growth and the growth in social expectations. Any business requires true professionalism- the courage to care about people, clients, career. True professionalism means the pursuit of excellence. If you value something, then you must monitor your performance in that area,

  2. Business studies - Business Plan

    I will be using job production as then my customers can see me making the hot dog in front of them so they know it is freshly made, I have chosen this method of production simply for this reason so my customer knows they are getting a freshly made product and will most likely return as they enjoy my product.

  1. Functional Areas

    This department of the financial team helps to work out the cost of these resources. They also have to make sure that McDonalds have enough money to pay their staff's wages. Observing McDonalds profits will allow them to set targets, for costs and sales for the future in the company.

  2. Ann Hopkins Case Analysis

    The committee member who had visited each candidate's office summarized the result of the visit, the strength of the nominating office's support, and important material from the candidate's personnel file, and then described the candidate's strengths and weakness for the Admissions Committee.

  1. world development

    long-service awards and company loans * Advising managers on the legal rights and responsibilities of the company and its employees * Keeping records of grievances and disciplinary actions and their outcome * Monitoring the terms and conditions of employment, including wage rates * Maintaining staff records * Liaising with staff

  2. Importance of Human Resources Management

    as a result of staff turnovers or maternity leave what positions are vacant what kind of skills are required for the management. Long Term human resources planning attempts to plan for the future e.g. if Ford was aiming to change its distribution techniques in the next few years, it would

  1. Competitor Analysis for Accessorize

    Accessorize owns several stores situated in great places such as the Metro Centre, Eldon Square and Gateshead. These are good places in which to situate a business because they are popular shopping areas which are surrounded by many villages and have many transport links, making them easily accessible to potential consumers.

  2. The Effects of Non-monetary Incentives on Employees

    n?n-m?n?t?ry inc?ntiv?, c?u?ing t?ngibl? n?n-m?n?t?ry inc?ntiv?? t? b? m?r? m?tiv?ting th?n th? r?t?il m?rk?t v?lu? ?f th?t ?w?rd in c??h. M?ny th??ri?? ?f m?tiv?ti?n implicitly ???um? th?t ?ff?rt, whil? ? functi?n ?f m?ny thing?, i? p??itiv?ly c?rr?l?t?d with th?

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work