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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 and nutrition challenges and education, and confidential health and wellness support 24 hours a day, seven days a week.

In addition to an employee assistance program that offers on-demand mental health resources and access to professional counseling services, we also offer a robust set of physical health benefits. This includes access to a virtual-first chronic care provider for those team members looking to make lasting changes to improve health. The program, through a leading vendor, combines behavior science, clinical protocols and health and nutrition counseling to tackle a host of chronic conditions to improve lasting health.

Compensation

Our goal is to attract, retain, motivate and reward high-performing individuals. We strive to be the employer of choice in all areas where we have locations by providing a fair living wage and comprehensive benefits package to meet the needs of team members and their families. We follow all established minimum wage requirements; however, minimum wages are generally not relevant as most of our entry-level positions at our office locations and production facilities require a higher level of skills or knowledge than jobs in which the minimum wage would apply. 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, ethnicity or ability 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.