• 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

    Because real professionalism has little to do with which business you are in, what role within that business you perform, how many degrees you have. It implies a pride in work, a commitment to quality, a dedication to the interests of the client, a sincere desire to help.

  2. Business Studies

    effective controls to ensure the business - Does not over spend - Does not lose assets - Records financial records and transactions correctly Cost control > Increase profits by decreasing costs - reduce costs in 2 areas - Labor - Inputs > Outsourcing of non-core functions has been the most

  1. Business studies - Business Plan

    a high enough capital, I do not know how much the bank will be willing to give me so I must ensure that I have enough capital to cover a substantial amount of the. Regarding the bank loan, I will have to convince the bank that my business will succeed

  2. Ann Hopkins Case Analysis

    The committee ultimately made recommendations on each candidate and forward these to the policy board (17). Some candidates had been held because of concerns about their interpersonal skills. PW consistently placed a high premium on a candidate's ability to deal with subordinates and peers on an interpersonal basis and to

  1. Functional Areas

    people checking the companies' burgers on quality Quality Assurance The maintenance of quality in every process and system within McDonalds It is important to appreciate that quality is not only desirable in the finished product it should be applicable in every process and system within the business.

  2. Business Studies Edexcel Coursework

    Businesses must find out from their customers whether they like their existing products and if they would be prepared to buy a new product. If they do not rely on the customers to provide them with opinions and rely on information that the company gains elsewhere, they risk producing services and goods which are not what consumers want.

  1. world development

    A credit controller monitors overdue payments and takes action to recover bad debts. Finance staffs maintain the accountants by keeping financial records, chasing up late payments and paying for items purchased. Mostly all businesses use computer accounting packages to record financial transactions and organize their accounts as well as spreadsheets to evaluate financial data.

  2. Competitor Analysis for Accessorize

    Due to this, customers can locate the Accessorize store nearest to them, making it quicker, easier, and more likely for the customer to visit here to purchase accessories. Accessorize shops are generally of a large floor space containing a massive variety of, in my opinion, fantastic accessories.

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