• 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. Ann Hopkins Case Analysis

    State Department contract whose long term value to Price Waterhouse was $35 million. The third project was for the Department of Agriculture, a proposal valued at $2.5 million 42 for work for the Farmers Home Credit Administration." The fourth was also for the Department of State and involved implementing a worldwide real property management system, valued at $6 million (21).

  2. Competitor Analysis for Accessorize

    This may seem suitable for a designer bag, but I think is too high for an Accessorize product. Whilst this may not seem expensive to some people, I believe the majority of customers, including myself, would be unwilling to pay this price and would opt for a cheaper option somewhere else.

  1. Functional Areas

    For over a year and a half the 'Hire the Smile' employee recruitment programme has been in place, this involves two interviews for each job candidate, and an on-job assessment that looks at staff attitude and customer service skills. How the Functional areas help to meet the aims and objectives

  2. English for business

    - fluxul numerarului Cash in hand - numerar disponibil Cheque to bearer - cec la purtator Cheque to order - cec la ordin Currency depreciation - devalorizare monetara Current account - cont curent Debenture bounds - obligatiune cu dob�nda fixa Deferred payments - plati �nt�rziate Deposit account - cont de

  1. Business Studies

    promoting/enforcing - Equal employment opportunity > Process of ensuring that female employees in a workplace are treated with fairness/equality in all operations > Legislated under: equal opportunities for women in the workplace act 1999 > Organisations that are subject to the act must submit a report yearly - Unfair dismissal

  2. Business studies - Business Plan

    The majority said 1.50 is how much they would pay so this has helped me to decide that I will set my price to this as it what they can afford. The results from this question let me know how much an influence advertising plays, most people are not affected by it but some are.

  1. Produce a marketing strategy for a new or existing product or service

    Other than that, there are drinks already existing within Coca Cola which could also be a means of competition for my marketing campaign; Fanta is a very popular Orange flavoured drink, and many people prefer it over other similar drinks in the market, this is also proven in my Primary Research.

  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

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