Employee Retention of Caterpillar Inc : Caterpillar Inc. (NYSE: CAT), also known as "CAT", designs, manufactures, markets and sells machinery and engines and sells financial products and insurance to customers via a worldwide dealer network.[2][3] Caterpillar is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.[2] With more than US$7 billion in assets, Caterpillar was ranked number one in its industry and number 44 overall in the 2009 Fortune 500.[6] Caterpillar stock is a component of the Dow Jones Industrial Average.[7]
Caterpillar Inc. traces its origins to the 1925 merger of the Holt Manufacturing Company, the inventor of the crawler tractor, and the C. L. Best Tractor Company, creating a new entity, the California based Caterpillar Tractor Company.[8] In 1986, the company re-organized itself as a Delaware corporation under the current name, Caterpillar Inc.[3] Caterpillar's headquarters are located in Peoria, Illinois, United States.[1]
Caterpillar machinery is recognizable by its trademark "Caterpillar Yellow" livery and the "CAT" logo
Caterpillar's facilities in Tokyo, Akashi and Sagami were not damaged by the
earthquake, and are outside of the current area the Japanese government has declared as a
mandatory evacuation zone. Both the Sagami and Akashi facilities have continued to
operate and produce product, although the current situation in Japan is having some
impact on production, which has varied day to day over the last week.
To date, the disruption to the supply chain in Japan has not stopped production at
other Caterpillar facilities around the world; although moving forward, it is possible those
facilities may be sporadically impacted as a result of the situation in Japan.
Caterpillar is focusing resources from around the world to determine the full
scope and impact to the company’s supply chain. We are also actively developing
alternative sources for components produced by Japanese-based suppliers, should somesuppliers not be able to provide components to Caterpillar operations inside and outside
of Japan.
The Caterpillar Foundation has announced a $1 million grant to the American Red
Cross for disaster relief efforts in Japan. In addition to the American Red Cross grant, the
Foundation will match up to $500,000 in Caterpillar employee, retiree and dealer
employee contributions to the Red Cross. Caterpillar Japan Limited has pledged an
additional $1 million to support disaster relief efforts, primarily made up of in-kind
equipment. At this time, Caterpillar Japan Limited is offering the use of machinery and
generator sets to governmental agencies in Japan to assist in the recovery efforts.
Retention
The Company sponsors several comprehensive programs for the benefit of its Associates and their dependents. The Company will provide eligible Associates with ninety days seniority a summary of plan descriptions for each benefit program. Gregory Poole Equipment Company sponsors the following Associate benefit plans:
Health and Dental Insurance
Gregory Poole Equipment Company provides comprehensive medical, dental, and life insurance plans including coverage for preventative services and short term disability.
Prescription Drug Card
The Prescription Drug Card plan provides prescription and generic drugs at greatly reduced costs to associates and their covered dependents. Participating local pharmacies include Wal-mart, CVS and many others. Mail order prescriptions are also available through Walgreens mail order service.
Flexible Spending Accounts
Flexible Spending accounts are made available to all regular full time associates that have been with Gregory Poole for ninety days. Members are able to save money on a pre-tax basis to use for eligible medical, dental, prescription drugs, vision, and child care expenses. Membership costs to use this benefit is fully paid for by Gregory Poole Equipment Company.
Optional Insurance
Associates who have been employed ninety days or more are eligible to enroll in group insurance for optional life and disability coverage.
Retirement Savings Plan
Retirement Savings and Profit Sharing is available to all eligible associates with one year seniority at open enrollment on January 1 and July 1 of each year. The plan contains a Profit Sharing and 401K funding.
Allowed Time
Regular full time associates will receive one week of vacation time after completing six months employment with Gregory Poole and two weeks of vacation after one year. Vacation time will increase based on seniority with the company.
Sick time is pro-rated based on hire date for the first year of employment. All regular full time associates receive 48 hours on January 1 of each year.
In addition to vacation and sick time nine holidays per year are scheduled and paid (8 hours regular pay).
Additional Benefits
Uniforms
Safety equipment (safety shoes and glasses)
Continuing education plan
Credit Union
Direct Deposit
Caterpillar Inc. traces its origins to the 1925 merger of the Holt Manufacturing Company, the inventor of the crawler tractor, and the C. L. Best Tractor Company, creating a new entity, the California based Caterpillar Tractor Company.[8] In 1986, the company re-organized itself as a Delaware corporation under the current name, Caterpillar Inc.[3] Caterpillar's headquarters are located in Peoria, Illinois, United States.[1]
Caterpillar machinery is recognizable by its trademark "Caterpillar Yellow" livery and the "CAT" logo
Caterpillar's facilities in Tokyo, Akashi and Sagami were not damaged by the
earthquake, and are outside of the current area the Japanese government has declared as a
mandatory evacuation zone. Both the Sagami and Akashi facilities have continued to
operate and produce product, although the current situation in Japan is having some
impact on production, which has varied day to day over the last week.
To date, the disruption to the supply chain in Japan has not stopped production at
other Caterpillar facilities around the world; although moving forward, it is possible those
facilities may be sporadically impacted as a result of the situation in Japan.
Caterpillar is focusing resources from around the world to determine the full
scope and impact to the company’s supply chain. We are also actively developing
alternative sources for components produced by Japanese-based suppliers, should somesuppliers not be able to provide components to Caterpillar operations inside and outside
of Japan.
The Caterpillar Foundation has announced a $1 million grant to the American Red
Cross for disaster relief efforts in Japan. In addition to the American Red Cross grant, the
Foundation will match up to $500,000 in Caterpillar employee, retiree and dealer
employee contributions to the Red Cross. Caterpillar Japan Limited has pledged an
additional $1 million to support disaster relief efforts, primarily made up of in-kind
equipment. At this time, Caterpillar Japan Limited is offering the use of machinery and
generator sets to governmental agencies in Japan to assist in the recovery efforts.
Retention
The Company sponsors several comprehensive programs for the benefit of its Associates and their dependents. The Company will provide eligible Associates with ninety days seniority a summary of plan descriptions for each benefit program. Gregory Poole Equipment Company sponsors the following Associate benefit plans:
Health and Dental Insurance
Gregory Poole Equipment Company provides comprehensive medical, dental, and life insurance plans including coverage for preventative services and short term disability.
Prescription Drug Card
The Prescription Drug Card plan provides prescription and generic drugs at greatly reduced costs to associates and their covered dependents. Participating local pharmacies include Wal-mart, CVS and many others. Mail order prescriptions are also available through Walgreens mail order service.
Flexible Spending Accounts
Flexible Spending accounts are made available to all regular full time associates that have been with Gregory Poole for ninety days. Members are able to save money on a pre-tax basis to use for eligible medical, dental, prescription drugs, vision, and child care expenses. Membership costs to use this benefit is fully paid for by Gregory Poole Equipment Company.
Optional Insurance
Associates who have been employed ninety days or more are eligible to enroll in group insurance for optional life and disability coverage.
Retirement Savings Plan
Retirement Savings and Profit Sharing is available to all eligible associates with one year seniority at open enrollment on January 1 and July 1 of each year. The plan contains a Profit Sharing and 401K funding.
Allowed Time
Regular full time associates will receive one week of vacation time after completing six months employment with Gregory Poole and two weeks of vacation after one year. Vacation time will increase based on seniority with the company.
Sick time is pro-rated based on hire date for the first year of employment. All regular full time associates receive 48 hours on January 1 of each year.
In addition to vacation and sick time nine holidays per year are scheduled and paid (8 hours regular pay).
Additional Benefits
Uniforms
Safety equipment (safety shoes and glasses)
Continuing education plan
Credit Union
Direct Deposit
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