Benefits

We offer competitive benefits to attract and retain top talent.

Our Benefits Package

Full-time employees at all U.S. locations are eligible for disability coverage, life insurance, health care, confidential counseling, retirement programs and education assistance. Part-time and seasonal employees may be eligible for benefits based on the hours they work and their length of service.

Hormel Foods employees are eligible for a retirement savings plan that includes company contributions. In fiscal year 2019, we contributed $43 million to our defined contribution benefit plans. We continue to maintain these plans on a fully-funded basis.

See a comprehensive list of our benefits in our Careers section.

All Benefits

Inspired Health

We encourage and empower our employees to make healthy lifestyle choices. Our Inspired Health companywide initiative includes on-site fitness centers and fitness center discounts, wellness challenges, and confidential health and wellness support 24 hours a day, seven days a week.

Compensation

Our goal is to attract, retain, motivate and reward high-performing individuals. We review compensation at least annually to ensure it is equitable. We offer merit-based pay increases based on a formal performance management process and use a well-established process that is blind to race, gender or ethnicity for determining related pay changes.

Profit Sharing

We return a portion of our profit back to employees, either as a cash payment or a contribution to our Joint Earning Profit Sharing Trust Plan. In fiscal year 2018, we distributed $17.9 million to eligible employees.

Flexibility

We look for ways to help employees find a healthy, happy work-life balance. This includes flex-time, alternative work schedules, part-time positions, telecommuting, a summer-hours program and flexible leave options following a child’s birth, adoption or placement in foster care.