• 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...


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.


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.


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. Business Studies Edexcel Coursework

    Once he makes these customers happy, they might know other friends with these cars and, eventually, through word-of-mouth Errol's business would gain a respectable image in Harrow, especially among rich car owners. Image created by advertising material: The advertisement creates a very professional image about EA Motors, and its vivid,

  2. Competitor Analysis for Accessorize

    They love this shop and rate it higher than any other store they've visited that offers accessories. Competitors Weaknesses Accessorize sells attractive, unique products, but they come at what I believe to be an expensive price. For example, the bag shown above cost �65 to purchase.

  1. Functional Areas

    They have to make sure they give reasonable budget targets. o Sales budget: to forecast the income that will be received by McDonalds from their sales. o Production Sales: to plan the number of items produced and to work out what they will cost.

  2. English for business

    Sales topped - vanzarile au depasit... Securities - garantii,titluri Security - valoare,titlu Settlement day - zi de referinta Soft market - piata �n scadere Steady demand - cerere permanenta Steady market - piata stabila Stock account - cont de capital Stock adventure - speculare de actiuni Stock holder - actionar

  1. Business studies - Business Plan

    to the government because it is such a good location to be in, not only that I will close to a few other fast food services so I must make sure that I ca serve my customers faster and with a better product so I am able to compete with these other businesses.

  2. Business Studies

    As long as a business can make repayments on the due date it is financial secure and will not risk insolvency > 60% of finance from debt and 40% from equity Using financial information: * The accounting framework - Financial statements: revenue statement, balance sheet - The accounting equation and

  1. Ann Hopkins Case Analysis

    of the evaluation categories, and comparative rankings of the class candidates (15). Candidacy and review for partnership began when the partners in a local office proposed a candidate to the admissions committee. The committee then invited every partner in the firm to submit written comments on each candidate.

  2. 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.

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