Magna International Benefits Overview

At Magna, our employees are at the center of what we do. It’s a priority to protect the health of our people and our business and we do this in a variety of ways. We offer a competitive and comprehensive benefits program including medical, dental, vision, pharmacy, disability, life insurance, FSA, 401(k) with company match, profit sharing plan, Employee & Family Assistance Program (EFAP), pet insurance, auto/home insurance, wellness programs and much more!

Compensation + Benefits

Offers 401(K)

Offers disability insurance

Offers charitable contribution matching

Provides 401(K) matching

Offers life insurance

Offers company equity

Provides relocation assistance

Offers performance bonuses

Offers dental insurance

Offers health insurance

Offers vision insurance

Offers Flexible Spending Account (FSA)

Offers pet insurance

Offers mental health benefits

Provides family medical leave

Offers generous parental leave

Work-Life Balance + Wellbeing

Offers company-sponsored outings

Offers fitness stipend

Offers wellness programs

Provides opportunities to volunteer in the local community

Partners with nonprofits

Offers Employee Resource Groups

Offers generous PTO

Provides paid sick days

Provides paid holidays

Company Culture

Has a dedicated diversity and inclusion staff

Mandated unconscious bias training

Hiring practices promote diversity

Has a diversity manifesto

Offers diversity-based Employee Resource Groups

Utilizes a flexible work schedule

Utilizes a hybrid work model

Offers a remote work program

Utilizes a summer hours schedule

Utilizes an open door policy that encourages accessibility

Implements team-based strategic planning

Open office floor plan to encourage communication and collaboration

Provides onsite office parking

Provides free snacks and drinks

Career Growth + Development

Job training & conferences

Provides tuition reimbursement

Promote from within

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