2018 Total rewards - Amway Jobs
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2018 Total rewards
Desirae Lau, Quality Assurance
BENEFITS
Abby VanderWagen
Brandon DeHollander
Angel Duff
Di Qu
Darius Machado
Tab Larsen
2
your potential
is our PRIORITY
As you consider joining any organization, it’s important to have some understanding
of the company culture – and how much the organization values its employees.
At Amway, we believe in people. Our promise to our employees is that here, you have the opportunity to explore
and grow, make a real difference, and be a part of Amway’s long-term success story. We believe in your potential,
your ability to achieve your highest professional goals and work with truly exceptional people, and we value your
talents.
Delivering on that promise, we’re committed to providing you with a valuable total rewards program of pay, benefits
and career opportunities that is considered industry-leading.
In addition to market-competitive salaries and an incentive structure, our total rewards package is structured to
reward high-performing talent with:
• Best-of-industry benefits offerings
• A culture that supports emotional and physical well-being
• Global learning and development opportunities
This brochure is intended to give you a higher level of detail on our health and retirement benefits, our wellness
programs and talent development.
3
Your HEALTH
opportunity
Amway’s benefits package is one of the most
comprehensive in the industry. Eligible
employees may choose medical coverage under
the Amway Consumer Plan or waive coverage.
The plan includes prescription drug coverage
and generous wellness benefits. Dental and
vision coverage are offered together as a
separate option.
Medical, prescription drug, dental and vision
benefits coverage for you is effective on the
first day of employment.
Smiti Majumdar, Business Analytics
4
Amway CONSUMER PLAN How the CONSUMER PLAN WORKS
With the Amway The Amway Consumer Plan offers 1 PREMIUMS
Consumer Plan, you comprehensive medical and prescription
You pay monthly premiums for medical and prescription
have the option to coverage at a competitive monthly
drug coverage through pre-tax payroll deductions.
contribute federal premium. Essentially, the healthier you are,
(Note: These premiums give you access to the Amway
pretax dollars to the less care you require and the less you
Consumer Plan and do not count toward your deductible
a health savings pay. In-network routine preventive care is or out-of-pocket maximum.)
account (HSA), covered at 100 percent. If you do need
money that’s yours care, the plan also features an annual 2 PREVENTIVE CARE
to keep forever. out-of-pocket maximum for your protection.
The plan features the Blue Cross Blue Amway covers eligible preventive medical services at
Shield of Michigan PPO Network for 100%, meaning you pay nothing for these services.
medical coverage and Express Scripts
network for prescription coverage. 3 DEDUCTIBLE
You pay 100% of non-preventive medical expenses,
including non-preventive prescription drugs, until the
Plan Features Coverage deductible is met ($1,500 single; $3,000 family), as well
In-Network Out-of-Network
as a flat-dollar copay* for preventive prescription drugs.**
Annual Deductible – You Pay Single – $1,500 Single – $3,000
4 COINSURANCE
Family – $3,000 Family – $6,000
Annual Out-of-Pocket Maximum – Single – $2,500 Single – $5,000 Once you meet your annual deductible ($1,500
You Pay (Includes deductible) Family – $5,000 Family – $10,000 single; $3,000 family), Amway pays 80% for eligible
Coinsurance for Non-Preventive After deductible is After deductible is in-network services, and you pay 20% until you
Services met, plan pays 80% met, plan pays 60% reach your out-of-pocket maximum ($2,500 single;
Lifetime Maximum (Combined for Unlimited $5,000 family).
in- and out-of-network services)
5 OUT-OF-POCKET MAXIMUM
Routine Preventive Care and Plan pays 100%, After deductible is
Preventive Services Covered Under not subject to met, plan pays 60% Once you reach the out-of-pocket maximum, Amway
the Affordable Care Act (ACA) coinsurance or
pays 100% of the cost for eligible services, and
deductible
you pay nothing for the remainder of the plan year.
*Preventive prescription drug copays apply toward the annual out-of-
New employees have 30 days to enroll pocket maximum. However, they do not apply toward the deductible.
or opt out of Amway coverage. **Preventive prescription medications covered under the Affordable
Care Act (ACA), commonly known as health care reform, are covered
at 100 percent. This means you are not required to pay a copayment,
coinsurance or deductible.
5
New employees have MONTHLY RATES FOR 2018 AMWAY CONSUMER PLAN
30 days to enroll
dependents or opt Monthly
Coverage Tier Rate
out of Amway
coverage. Employee Only $85
Employee + Spouse $235
Employee + 1 Child $128
Employee + 2 Children $170
Employee + 3 Children $226
Employee + Spouse + 1 Child $278
Employee + Spouse + 2 Children $320
Employee + Spouse + 3 or More Children $380
Amway DENTAL and VISION PLAN
The dental and vision Dental coverage includes most preventive, basic and major restorative dental procedures, including
plans are offered oral exams and cleanings. There is no annual deductible to meet, and the annual maximum benefit
together. This means is $1,500. The plan is administered by Delta Dental.
that if you enroll in
The vision plan is administered by Blue Cross Blue Shield of MI. Using care within the VSP network
dental coverage, you
means you will pay a discounted price for vision care. When you receive services from an out-of-
will also enroll in
network provider, VSP will reimburse you up to a limit based on our plan. You will be responsible for
vision coverage, and
the difference.
vice versa.
There is only one premium charged for both.
MONTHLY RATES FOR DENTAL AND VISION COVERAGE FOR 2018
Monthly
Coverage Tier Rate
Employee Only $12
Employee + Spouse $26
Employee + 1 Child $19
Employee + 2 Children $25
New employees
Employee + 3 Children $35
have 30 days to
Employee + Spouse + 1 Child $32 enroll or opt out of
Employee + Spouse + 2 Children $40 Amway coverage.
6 Employee + Spouse + 3 or More Children $48
Your FINANCIAL
opportunity
Full- and part-time employees have access
to free, personal financial management
services such as budgeting, retirement and
investment planning just to name a few.
These tools, such as snapshots of your
savings and suggestions to reach your goals,
portfolio assessments, an income planner,
comprehensive financial planning and one-on-
one financial coaching sessions are available.
Delia Rodriguez, Cosmetics Manufacturing
7
INVESTING In Your Future
AMWAY RETIREMENT The Amway Retirement Savings Plan allows regular full- and part-time employees age 18 or older
SAVINGS PLAN to save for retirement on a pre-tax and/or Roth basis, whichever makes sense for your personal
situation. In addition, Amway provides contributions to the plan on your behalf in the form of base,
matching and profit-sharing contributions. All Amway contributions are made on a pre-tax basis to
your account. Here’s how it works:
YOUR VOLUNTARY 1 YOUR CONTRIBUTIONS
401(K) CONTRIBUTIONS • You have the choice of making pre-tax contributions, Roth contributions or a combination of the
two. Through automatic payroll deductions, you can contribute up to 70 percent of your eligible
pay on a pre-tax or Roth basis, up to the annual IRS limit of $18,500 in 2018.
• If
you are age 50 or older, or if you will reach age 50 at any time during the calendar year and
are making contributions to the plan, you may also make catch-up contributions of up to $6,000
in 2018.
CONTRIBUTIONS
PROFIT
8% SHARING
3% 4 (TARGET)
MATCHING
6%
CONTRIBUTION
(50% UP TO
3% 3 6% SAVING)
4%
1
BASE 401(k) 4.7%
2% CONTRIBUTION
3% 2
0%
0% – 70% 9% TOTAL AMWAY NATIONAL AVERAGE
YOUR VOLUNTARY CONTRIBUTION TOTAL EMPLOYER
CONTRIBUTION RETIREMENT CONTRIBUTION
8HEALTH SAVINGS ACCOUNT (HSA)
Amway If you are enrolled in the Amway
2 COMPANY BASE CONTRIBUTION contributes Consumer Plan, Amway will
• F ollowing the end of the calendar year, Amway intends to make $1,000 to contribute $1,000* to your HSA.
an annual contribution equal to three percent of your eligible your HSA.* You also have the opportunity
pay into your retirement account. to earn an additional $500 through
the Optimal You incentive, beginning
3 C
OMPANY MATCHING CONTRIBUTION the following year after your hire.
•A
mway matches your voluntary contributions each pay period at An HSA provides you a federal triple
50 cents for every $1 you contribute, up to six percent of your pay. tax-advantage:
This means that when you choose to save for your retirement,
you have the potential to receive an additional three percent of • contribute pre-tax funds through
your pay through company matching contributions.* payroll deductions;
• grow funds tax-free year over year;
4 P
ROFIT-SHARING CONTRIBUTION
• withdraw funds tax-free to pay for
• Our profit-sharing plan reflects Amway’s belief that employees qualified health care expenses
should share in the success of the organization. That means
now or later.
Amway will contribute a profit-sharing contribution to your
retirement account based on a percentage of your eligible pay. An HSA enables investment
The profit-sharing contribution is based on the achievement of opportunities, savings potential with
Amway’s annual financial targets.
no “use it or lose it” rule, and the
HSA is yours for life, even if you
VESTING SCHEDULE leave the company.
You become vested in all You are always 100 percent vested in FLEXIBLE SPENDING
company contributions your own contributions: ARRANGEMENT (FSA)
and on any earnings on
Years of Service Percent Vested
these contributions Full-time The limited-purpose health care
according to the Fewer than 2 years 0% Amway FSA allows you to contribute up to
following schedule. 2 years 20% employees $2,650 in 2018 on a pre-tax basis
3 years 40% can save for eligible out-of-pocket expenses
4 years 60% tax dollars for you and your dependents. The
5 years or more 100% and stretch dependent care FSA maximum
their contribution is $5,000 in 2018,
Company matching contributions are treated as pre-tax contributions when deposited into your
* paychecks and the minimum contribution
401(k) account. by using amount for any FSA is $200.
FSAs.
*This amount will be pro-rated if you enroll mid-year. 9For your INCOME
protection
Amway provides several options to help
employees protect their income. Full-time
employees are eligible for disability coverage,
FMLA and life and accidental insurance.
In addition, all employees can supplement with
the voluntary term life insurance provided by
the company.
Janielle Moss, Special Events
10LIFE and Adding Up the EXTRAS
OTHER INSURANCE TUITION ASSISTANCE
Full-time employees with 90 days of service are
COMPANY-PAID SHORT- AND LONG-TERM DISABILITY
eligible to participate in our tuition assistance
COVERAGE
program, which reimburses you for eligible
Regular, full-time employees are eligible for short-term higher education costs, up to $5,250 for
disability benefits from the date of hire. Long-term disability each calendar year.
coverage is available after one year of service.
FAMILY & MEDICAL LEAVE (FMLA) ADOPTION ASSISTANCE
If you have been employed at Amway for a total of 12 months Amway provides adoption assistance to all
(excluding any seven-year gap in employment) and have regular, full-time employees. If you are adopting
worked at least 1,250 hours in the 12 months before the a child, we provide you with financial assistance
date your leave starts, you may take FMLA to address your to help cover some of the costs of the adoption
personal or family members’ special needs. Your leave runs – 80 percent of eligible fees for agency-type
concurrently with short-term disability. adoptions, with a maximum benefit of $5,000
for each child and no limit to the number of
children you adopt.
BASIC LIFE AND ACCIDENTAL INSURANCE
If you are a regular, full-time employee, you are automatically
covered – at no cost – for basic life and accidental death EMPLOYEE STORE AND DISCOUNTS
and dismemberment (AD&D) insurance equal to one-and- With locations in Ada, MI and Buena Park, CA,
a-half times your annual salary, rounded to the next higher the employee store offers employees discounts
$1,000 (up to $500,000). You may supplement this basic on Amway products and other merchandise.
insurance through voluntary coverage up to five times your In addition, many product discounts are
annual salary or $500,000. available to you through select business
partnerships.
VOLUNTARY TERM LIFE INSURANCE
You can supplement the basic life and AD&D insurance that
Amway provides with voluntary life/AD&D coverage for you
(limited to 5x annual salary up to 500,000), your spouse
(up to 300,000) and eligible dependents. Regular, full-time
and part-time employees are eligible.
During your first 30 days of hire, you have the opportunity to
elect coverage up to $250,000 for yourself and $70,000 for
your spouse without completing a medical questionnaire or
screening. After the 30 days, employees and spouse will be
subject to the screenings. 11For your LIFE
BALANCE and
WELL-BEING
Optimal You, is Amway’s wellness philosophy
that offers an array of health and wellness
programs, facilities and services to employees
– all intended to support the physical and
emotional well-being of Amway employees and
their families.
Tod Nyson, Contract Sales
12OPTIMAL YOU Program
ON-SITE FITNESS FACILITIES WELLNESS EDUCATION AND
All employees and eligible family members in our Ada, MI WORK/LIFE BALANCE RESOURCES
and Buena Park, CA offices have access to our on-site fitness Amway provides a variety of wellness education programs
facilities that offer classes and personal consultation. and events that reinforce physical and nutritional health as
In California, facility membership is free. In Michigan, well as emotional well-being. Additionally, Amway’s employee
facility membership is free for the first 90 days; after that, assistance program (EAP) offers up to 5 free counseling
monthly costs are $8 per individual and $10 for families. sessions, assists with child and elder care referral services,
legal services and much more. Appointments can be made
INCENTIVE PROGRAM off-site.
All regular, full-time employees enrolled in the Amway
Consumer Plan will have the opportunity to receive the
$500 HSA contribution in 2019 by completing the
Optimal You wellness steps in 2018 (see page 9).
Paid TIME OFF
VACATION HOLIDAYS
Amway offers a generous vacation schedule that is awarded Each year, employees have an opportunity to select five
based on years of service. In general, vacation awards begin additional days (“Floating Holidays*”) off throughout the
at 10 days and increase with service to a maximum of 25 calendar year to complement the six standard holidays
days. The initial vacation award and maximum award schedule that Amway already observes.
varies by state, employment status, position and grade.
Holidays for 2018 are:
FUNERAL LEAVE Monday, January 1: New Year’s Day
Friday, March 30: Good Friday*
Funeral leave is intended to assist and support employees Friday, May 25: Before Memorial Day*
during the difficult period following the death of a family Monday, May 28: Memorial Day
member. You are eligible to receive up to three days. Wednesday, July 4: Independence Day
Monday, September 3: Labor Day
JURY DUTY AND WITNESS LEAVE Thursday, November 22: Thanksgiving Day
Employees who are summoned for jury duty or subpoenaed Friday, November 23: Day After Thanksgiving*
to appear as a witness will be eligible for paid time off to Monday, December 24: Day Before Christmas*
meet this citizen obligation. Tuesday, December 25: Christmas Day
Wednesday, December 26: Day After Christmas*
Floating holidays may differ based on work location.
*
13For your CAREER
ACHIEVEMENT
We emplower you to perform to your
full potential. Professional development
is abundant through challenging work
opportunities, plus performance coaching
and feedback.
Nattaya Mounlaphasith, Finance Information Support
14CAREER and DEVELOPMENT Opportunities
Amway’s award- TALENT DEVELOPMENT
winning enterprise Achievement, Personal Responsibility and Personal Worth are three of the company values at
talent development Amway that are demonstrated in the way we invest in each other and ourselves to support the
has a lot to offer you. success of ABOs. Here, employees are equipped with the resources to increase their knowledge
and competence to improve their performance and personal growth, which drives agility and
enables them to succeed. One of the ways is through Amway University (AU). AU is a social,
collaborative learning destination where you can discover, share, and find innovative solutions
for the future.
AU fosters a culture of continuous learning and development for all employees by providing a
variety of tools and resources that suit your career, leadership goals and development interests.
We host a bi-annual learning conference which offers all employees the opportunity to come
together in classrooms and virtually to develop, collaborate and learn skills from experts and
each other. For Amway leaders, we hold an annual leadership summit where leaders come
together to learn the behaviors and skills that empower and support our business strategies
for future growth.
We support you in the pursuit of your greatest career potential. AU helps you make it happen.
Amway believes DIVERSITY AND INCLUSION
in providing a Across our global organization, we recognize employees are becoming increasingly diverse and are
diverse and inclusive committed to valuing this diversity. Whether this is expressed through diversity of thought, among
work place. ethnic groups, within unique work style preferences, across generations, in gender differences
or other dimensions of diversity, Amway is committed to providing an environment where each
employee can thrive in their roles and career while bringing their unique attributes to work.
A sense of belonging is an essential part of an inclusive workplace. We provide each employee
with educational resources, access to Inclusion Networks, and invite everyone to engage in
Real Talk conversations designed to define what we expect at Amway and to equip employees
to be effective workplace allies. Here we value the investment you made in selecting us as your
employer and we are passionate about investing in you and keeping you engaged.
Amway believes it is PERFORMANCE REWARDS
important that leaders The company’s pay for performance programs are designed to reward performance and
take time to reflect provide an opportunity to share in the success of Amway. One of the ways is through our
and recognize employee annual merit program which rewards employees based on performance on individual competencies.
accomplishments Contributions to company success are rewarded through our annual incentive and profit
throughout the year and sharing programs.
provide appropriate,
meaningful rewards.
15CONNECT WITH US
AmwayTalent
Amway
@AmwayTalent
AmwayTalent
@LifeAtAmway
amwayinsider.com
amway.jobs
In 2015, Amway Talent Acquisition team received the CandE Award for its
THE CANDIDATE
EXPERIENCE AWARDS
candidate experience and achievements in the talent acquisition discipline,
with benchmarks and best practices that drive continuous recruiting innovation.
©2018. Amway. TA18029.You can also read
