A subsidiary of Hertz Global Holdings, the Hertz Corporation is headquartered in Estero, Florida. The company has locations in around 150 offices. Hertz employee benefits have earned the company the reputation of an employee-friendly workplace.
Hertz specializes in car leasing and renting. It operates three rental brands namely Hertz, Dollar, and Thrifty. It is one of the world’s largest rental companies and houses around 38,000 employees.
Hertz also owns Donlen, which is a leader in fleet management and vehicle leasing.
Hertz Employee Benefits Team
Murali Kuppuswamy – Chief Human Resources Officer and Executive Vice President
Murali Kuppuswamy has been in his current position since 2017. He has about three decades worth of experience in Human Resources Management. At Hertz, he is responsible for improving strategic human resources practices to achieve organizational goals.
Before joining Hertz, Kuppuswamy headed the HR operations for a few big names such as General Electric. He secured his undergraduate and graduate degrees from Xavier Labour Relations Institute in India.
What are Hertz’s Employee Benefits?
Hertz offers the following major employee benefits:
|Medical Coverage||Hertz offers a comprehensive medical plan, which gives you different options. All plans are provided by the Choice Plus Network. Through these plans, you can get the option to choose between PPO and HRA.|
|Dental Coverage||You get three different coverage options. These are, DHMO, Dental Plan B and Dental Plan C. DHMO gives you only in-network coverage; Dental Plan B gives you both in and out of network coverage and Plan C gives you preventive care coverage only.|
|Vision Coverage||The plan covers both in-network and out-of-network providers. Generally, the vision exams are available for a small copay option. The plan covers annual exams, glasses, contact lenses and discounts on laser vision correction (in-network only).|
|Pharmacy Benefits||OptumRx manages the pharmacy benefits for all medical plans. A wide network of online, nationwide and local retailers are covered. Employees only pay 20% to 30% of the cost.|
|Flexible Spending Accounts (FSA) and Dependent Day Care FSA||These plans enable the employees to save funds in a tax-free account that can be used to cover medical expenses for self and family. Employees can choose to join the Health Care FSA, Dependent Day Care FSA or both.|
|Employee Assistance Program||The EAP is a voluntary, confidential counseling program designed to assist employees and their family members, at no cost. It helps you with your day-to-day challenges.|
|Life Insurance||This plan gives coverage to your beneficiaries.|
|Accidental Death & Dismemberment Coverage (AD&D)||The plan provides protection to employees and their families in case of a covered accidental injury or death. An employee can purchase up to 10x base annual salary for self. The spouse / domestic partner and children may also be covered under the plan. Business Travel Accident Insurance and global emergency service program is also covered.|
|Disability Coverage||You get both long-term and short-term coverage. Short-term coverage is for 26 weeks after which you can avail the long-term coverage plan.|
|401 (k) Plan||Hertz offers a 100% match for the first 3% of your salary and then 50% for the next 2%. You can contribute up to a total of 5%.|
|Employee Referral Program||The program rewards every employee who refers a candidate to Hertz. The candidate must stay at Hertz for at least a year.|
|Car Rental and Purchase Discounts||You can get 40% discounts on renting a car. Nine of your family members can enjoy the rental discounts. If you want to purchase a car you can save up to $700 on each purchase. A car purchase discount is available to your family members as well.|
|Maternity/Paternity Leave||Birthing mothers can get eight weeks of paid leave and an additional two paid weeks to bond with the child.|
|Adoption Assistance Program||Hertz offers financial support for employees who adopt a child. The benefit provides up to $5,000 per child for a maximum of two children. If the employee’s situation qualifies, then the program reimburses a portion of expenses after the adaptation is legally final.|
|Commuter Benefits||You get coverage for work-related transportation.|
|Tuition Reimbursement||Employees who have been with the company for six continuous months, can receive reimbursement for tuition fees both for graduate and undergraduate programs. The maximum coverage is $4,000 a year.|
What Employee Benefits is Hertz Known for?
Hertz employee benefits make the company a good place to work. These benefits are important to keep the employee morale and employee engagement high; they allow the employees to thrive personally and professionally.
Some of the best-known benefits offered by Hertz include:
- A medical plan
- 401(k) plan with a 100% match up to the first 3% of an employee’s salary.
- A total of 10 paid weeks of maternity leave
- Adoption assistance program
- Life insurance
- Car rental and purchase discount.
- A generous PTO policy.
- Flexible Spending Accounts (FSA) including Depended Care FSA.
The healthcare plan gives employees four different options all of which are administered by the Choice Plus Network. Plan A includes the Preferred Provider Organization (PPO); you can only get coverage for using the network’s services. You also get Consumer Health Accounts Plan 1 and 2. This plan offers the Health Reimbursement Account (HRA) and HCFSA. The third option is the Economy Plan, which offers only in-network coverage.
Retirement and future needs saving plans are available after completing 60 days of employment. The company’s 401 (k) plan matches 100% for the first 3% and then 50% for the next 2% of your eligible salary. Your contributions are vested right away. To take full advantage of this plan you are recommended to contribute 5%.
Paid Maternity and Parental Leave is available to full-time employees with at least 12 months of continuous service with the company. Birth mothers can take eight weeks paid leave and an additional paid two weeks leave to bond with the child. These additional two weeks are available to birthing mothers, to an employee whose spouse gave birth, adopting parents and parents through surrogacy.
You and nine of your family members are eligible for a 40% discount on car rentals. In order to avail the discount, you and your family members must have the Gold Plus Rewards Membership. You can get this discount for renting a car in the United States and Canada. You can also save up to $700 for buying a car. Your family members get $350 off by using the promotional code.
In addition to benefits based on copayments, Hertz also offers many voluntary benefits such as Hospital Indemnity Coverage, Pet Insurance, Hyatt Legal Plan, Critical Illness Insurance, Accident Insurance, and Identity Theft Protection.
How does Hertz Help with Student Loans?
Hertz employee benefits do not include student loan repayments. The company offers a tuition reimbursement program. You can become eligible for tuition assistance after completing six months of service with Hertz. You get about $4,000 per year for both graduate and undergraduate programs. If you leave the company within a year of getting reimbursed, you are required to return the amount.
Student loans are a huge source of financial stress for Americans. That is why many companies are planning to add student loan repayment programs to their benefits package. One of the best ways is to offer it through FutureFuel. This platform not only simplifies the implementation process for the employer but also makes student loan management easier for employees.
How do Hertz Employee Benefits Change for Different Jobs?
Hertz employee benefits are offered to all full-time employees. However, the benefits may not be the same. Here is an overview of how your benefits may change for different jobs.
- The Economy health plan cannot be used by employees in Massachusetts.
- Employees based in Hawaii have different coverage packages.
- Your paid time off depends on the number of years you spend with the company.
- Hertz has locations in about 150 countries. The benefits change according to the policies and providers available in each country.
- Your bonuses and compensation depend on your base salary and seniority level.
Even though there are differences in the benefits, but all plans and packages are designed to support employees’ mental, physical and financial wellbeing.
How Hertz Improved its Benefits Package Overtime?
Hertz, over the years, has changed its benefits packages to eliminate gender and race-based discrimination. Many of the company’s policies show its diverse and inclusive culture. For example, the company now offers paternity leave, which includes fathers, same-sex spouse coverage, adopting parents and parents through surrogacy.
The company also reviews its salary and compensation packages on a regular basis to ensure its employees can keep up with the ever-changing economy.
Are Hertz Careers Worth It?
Hertz has been around for an entire century now. the company, since its inception, has established itself as a reputable workplace and career choice. Here are a few factors that make Hertz an excellent career option.
- The company offers a very competitive savings plan. Its 401 (k) match ensures that employees are set for their retirement.
- You can get many performance-based bonuses and discounts that can help you achieve financial stability.
- Through in-house promotions, you can go up the corporate ladder.
- You get tuition reimbursements to help you out financially.
Apart from these benefits, having working experience with Hertz can present many more and rewarding career options.
Discover Hertz Jobs and Careers
You can find all the available vacancies at Hertz by visiting the following websites.
You can visit the official Hertz jobs page and search for jobs by location and position type. Once you apply your search filters, you will see all the job listings available in your area. By clicking on each listing, you will get all the related information such as job descriptions, requirements, and qualifications, etc. Online application submission is also available.
You can find hundreds of job listings on Glassdoor. The search feature has filters that will allow you to narrow down your search. You can also see additional information such as job descriptions, salary, location and requirements on the website as well. Glassdoor also features employee reviews that will help you make an informed decision.
It is quite similar to Glassdoor and contains almost all the available vacancies. The website has a powerful search feature that can save you time and make your search precise. In addition to employee reviews, the website also has a Q&A section that will give you information about the work culture of Hertz.
LinkedIn has more than 4,000 Hertz jobs. To make things easier and save time you can use different search filters. Each listing has all the necessary job-related information. The website gives you the option to apply directly on the Hertz website.