McDonald’s Employee Benefits – McDonald’s is one of the biggest companies in the world and is also the one that has the most employees working for the brand. People who work for McDonald’s have also said that the McDonald’s Employee Benefits are really good to support their work and personal life.

This is because McDonald’s always strives to support the employees so they can build a better life for themselves and their families.

In trying to do so, McDonald’s is offering various programs on the McDonald’s Employee Benefits. The benefits package will include competitive pay, career development, free training programs, employee discounts, and other benefits that can be enjoyed by the employees. Besides, the employees will also have a chance to move up to get a better job in the company.

Therefore, McDonald’s will be able to help their employees to thrive and build a professional life by developing their skills. Regardless of the goals from the associates, they will always get support and benefits from the company.

So, if you have been accepted to work for McDonald’s, or you want to apply to be a crew member of McDonald’s, this article should be useful for you to make a decision. Make sure that you understand every aspect of the McDonald’s Employee Benefits so you will know what to expect when you get accepted to work for the company.

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The Objectives of McDonald’s Employee Benefits and Privileges

McDonald’s Corporation is the company behind the American fast-food restaurants that provide hamburgers, cheeseburgers, and other fast food products along with drinks and desserts. The company was established by Richard and Maurice McDonald in 1940. The first restaurant opened in San Bernardino, California. Currently, the brand is the biggest restaurant chain in the fast-food industry measured by revenues and sold products.

McDonald’s has operations in over 100 countries. Currently, they have more than 40,000 store locations around the world that serve more than 69 million people every day. This amazing performance can only be done with the help of their dedicated employees. This is why the company is giving out the McDonald’s Employee Benefits to support the people who are working for the company. This way, they will be able to support the workers to develop their skills and career for a better tomorrow.

Various benefits and perks along with other rewards are included in the McDonald’s Employee Benefits. The employees have said that they are happy working for McDonald’s because the company supports their financial, physical, and emotional well-being. The employees will also have a steady source of income during the time they spent working for the company.

If you want to work for McDonald’s as a crew member or a corporate worker, you can read this article to understand each type of benefit that you can get when you get accepted for a job.

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Your Health and Protection

McDonald’s understands that the employees’ health and financial situation are important aspects to support a good working performance. For the medical plan, they offer the following benefits for the employees, including:

Medical

There are three medical plan options available for the employees provided by the Preferred Provider Organization (PPO)
There will be unlimited lifetime maximum benefits along with programs for free prescription drugs included in all three of the healthcare plans.
While the plans will give out different benefit levels, employees can use each plan to get medical healthcare from in-network and out-of-network medical clinics.
Additional coverage is also included in all medical benefits, including annual physical exams, coverage for family members, coverage for new babies, immunizations for children, inoculations, and other benefits.

Dental

The dental plan from the McDonald’s Employee Benefits will cover a wide selection of dental services.
Coverage will include preventive services, including for the employee’s children, which will be offered with no additional fee.
Major dental services will also be covered by the healthcare plans with up to 80% coverage.
Orthodontic services are also available from the healthcare plans which will cover 50% of the total cost.

Vision Insurance

The employees of McDonald’s will be able to get a vision supplement plan from the McDonald’s Employee Benefits. Employees will be able to get free eyeglasses and contact lenses along with a lens replacement program. Employees who choose to have the Lasik surgery will also get a discounted fee.

Spending Account

Employees will be able to get reimbursed for certain healthcare expenses from the Flexible Spending Accounts provided by the company.
Employees can set aside up to $5600 for their Healthcare Spending Account. This amount of money will cover their medical and dental expenses.
Employees who need daycare services can also set aside up to $5000 for Day Care Spending Account.

Short and Long-Term Disability

McDonald’s Employee Benefits will also cover protection income for short and long-term disability with no additional charges to the employees.
The short-term disability plan will provide income and salary for the employees who cannot work for more than 10 days due to their short-term disabilities. The amount of the benefits will depend on the type of employment and the nature of disabilities.
Long-term disability plans will provide the employees with up to 60% of their monthly salary.

Employee and Dependent Life Insurance

Basic life insurance plans are also included in the McDonald’s Employee Benefits. Employees can get up to twice their salary in the plans with no additional charges.

The life insurance policies can be bought for the employees themselves with additional life insurance coverage.

The employees’ spouses, children, and other dependents will also be able to get coverage for life insurance plans from the company. The options to purchase additional life insurance will depend on the type of employment.

Accidental Insurance

In the event that an employee is experiencing injuries or accidents, McDonald’s Employee Benefits will give out twice of the employee’s monthly salary to support them during the difficult times.

Travel Accident Insurance

McDonald’s is also providing coverage for travel accident insurance that will give out two times the employee salary with no additional charges.

The benefits from the travel accident insurance will be paid out to the employees who experience accidents when they are traveling for work or personal reasons.

The coverage will pay out up to $200,000 depending on the particular situations of the accidental events.

Investing in Your Future

McDonald’s always strives to manage and maintain a good condition of their employees’ financial needs.

This is why there are a lot of programs included in the money management benefits from the company.

McSave

McSave is a financial program that will allow McDonald’s employees to invest their salary in a program called Primary Reserve Fund Management.

McDirect Shares

This program will allow employees to directly buy company stock. Employees will be able to get dividends and build ownership in the company.

Financial Planning Service

McDonald’s is building a relationship with financial institutions to provide professional financial planning programs and services for the employees.

Profit-Sharing and Savings Plan

The profit-sharing and saving plans from the McDonald’s Employee Benefits will be able to get employees to save a portion of their salary to pay for their retirement plans.

The company will also match the employer’s contributions for the 401(k) plan, in which they will contribute to a portion of the plans depending on the eligibility of the employees.

Employees can also receive income from the profit-sharing plan depending on their contribution. This is to make sure that the employees are always 100% and the support of the company.

Credit Union

Employees of McDonald’s will be able to take advantage of financial services provided by the Corporate America Family Credit Union.

Your Pay and Rewards

This program from the McDonald’s Employee Benefits will recognize the good performance of their employees and will pay and reward them depending on their performance.

Recognition Programs

McDonald’s is always eager to recognize the good performance of particular employees. The rewards include:

President’s Award, which will be given to the top 1% of employees with amazing performance.
Circle of Excellence Award, which will be given to the top-performing teams and crewmembers around the world.

Incentive Pay

This program from the McDonald’s Employee Benefits is given out to make sure that the employees will give out their best performance to receive competitive compensation depending on their goals.

The target incentive plan will be given out to the corporate workers along with regional offices which will pay a bonus in addition to the employee’s monthly salaries. The amount of the benefits will always depend on individual work performance.

Base Pay

The base pay is the basic monthly salary that will be given out to the employees as compensation for their hard work. The amount is flexible depending on the growth of the company and individual performance.

Company Car Program

This program from the McDonald’s Employee Benefits will allow employees to get a company car that they can use for personal or work usage.

Employees who are eligible to get this program can choose from a wide selection of vehicles. Their employment level will define the type of vehicle, insurance, and maintenance plans that they will receive.

Long-Term Incentives

Long-term incentives are given out to eligible employees who can give out sustained performance during a prolonged time. This is to make sure that the employees can create long-term value for the company.

Helping Balance Your Work and Life

Without good benefits, it might be difficult for the employees to maintain a balance in their work and personal life.

McDonald’s Employee Benefits have been developed to help employees to build a work-life balance.

There are many programs included in this benefit, including:

Vacation and Holidays
- The company will offer paid vacations for certain levels of employees.
- Up to 9 paid holidays can be enjoyed by various eligible employees.
Anniversary Splash: Eligible employees will be able to receive an extra week of free days when they have their certain birthdays.
Short Fridays: Employees will only be required to work for half days on Fridays between May to September.
Sabbatical Program: Eligible employees will be able to enjoy eight-week sabbatical days if they have been working for the company for at least 10 consecutive years.

Childcare: Employees can get a 10% discount on childcare services from different providers.
Leave of Absence: Employees who need a medical or adoption leave will be able to still get their income while they have their leave of absence.
Adoption Assistance
- This program from the McDonald’s Employee Benefits will help employees who want to expand their families by adopting a child younger than 18 years old.
- Eligible employees will be able to get up to $2500 for every adopted child and will also be reimbursed for up to 80% of adoption expenses.
Educational Assistance
- The company will always support the employees who want to expand their skills by getting higher education.
- The company will reimburse the tuition fees for up to $5250 annually. Part-time employees can also enjoy this benefit for up to $2000 annually.
Matching Gift Program: This program from the McDonald’s Employee Benefits has been developed so employees can support nonprofit organizations around the world. The company will match the employee’s donation to those organizations for up to $5000 per year.
BeyondWork: This program is an online discount benefit that will give reduced prices for employees who want to buy online products and services.
International Fitness Club Network: Employees will be able to receive discounted prices for new gym memberships in various locations around the world.
Employee Resource Connection: Employees will be able to get referral services to manage every aspect of their daily life with no additional charges.

McDonald’s Employee Benefits and Discount Summary

The benefits that you can get from the McDonald’s Employee Benefits will be listed below:

McDonald’s Stock Purchase Plan
Pay for Performance
McDonald’s 401(k) Plan
Free uniforms
Discounts on in-restaurant meals
Scholarships and tuition reimbursement program
Archways to Opportunity
Performance reviews twice a year
Free training programs
Paid time off
Flexible working schedules
Free prescription drugs
Dental insurance
Vision insurance
Life insurance
Short-term and long-term disability insurance plans
Vacation days
Flexible spending accounts
Money allowance for meals
Free training courses for additional college credits
Tuition matching program
Performance reviews

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Conclusion

Make sure that you read every aspect of the McDonald’s Employee Benefits if you want to work for the company. Remember, you will be able to get the benefits if you work full-time or part-time as a corporate worker or restaurant crew member.