Sustaining Our World – 2017 Sustainability Report
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Investing in Competitive
Wages and Benefits

Offering competitive wages and benefits is key to attracting top talent and retaining them.

We work to ensure that employees receive fair compensation that is commensurate to their experience and skills. In FY2017, we implemented varying levels of hourly pay increases at all poultry plants. This takes the average hourly pay for Tyson’s poultry Team Members to $12.88-$20.50, depending on their role.

We also launched a pilot compensation program at two poultry plants that increased hourly base wages to $14-$15 and shortened the time it takes new workers to move to higher hourly wage rates. This pilot continues and we have seen positive improvements on both applicant flow and turnover. In early FY2018, the pilot was expanded to include two additional poultry plants, and there are several other Tyson Foods plants outside of our poultry operations that have raised their hourly rate to $15-$16 per hour.

We are dedicated to providing our team members and their families with affordable health, life, dental, vision and prescription drug benefits. We invested millions of dollars in benefit improvements in January 2017 for our team members that included more vacation and holidays, as well as improvements in short- and long-term disability coverage, education assistance, adoption assistance and more. With these changes, benefits increased 3 to 5 percent for all team members.

Additionally, in February 2018, we awarded bonuses ranging from $500 to $1,000 to more than 100,000 team members as a result of company savings due to federal tax reform. Full-time team members who did not receive an annual bonus received $1,000 and part-time team members received $500.

More than
$0 Billion

U.S. Payroll

$0

Average Hourly Pay Rate
for U.S. Hourly Team Members

$0

Educational Assistance
Provided to Team Members

More than
$0 Million

Benefits Cost
for U.S. Operations

Team Members Eligible for Benefit by Employment Status
Benefit Temporary Part-Time Full-Time Hourly Full-Time Management Non-Exempt Full-Time Salaried Full-Time Management Support
Company paid accidental death and dismemberment plan
Company paid life insurance
Bereavement pay, paid sick days, jury duty pay and military pay*
Chaplaincy program
Educational assistance program (employees only)
Flexible spending accounts (e.g. healthcare and childcare)
Free diabetic test strips through mail order
Free medical expert opinion program
Free weight management program
Free online health risk assessment and wellness portal
Free pregnancy support program
Full service credit union
Long-term care insurance
Medical, dental, vision and prescription medication coverage
Merchant discount/computer purchase program
Non-tobacco use premium incentive and free tobacco cessation program
Paid maternity leave
Product discounts through company-owned stores
Retirement Savings Plan (401k)
Short-term (company paid) and long-term disability
Stock options (only offered to salaried team members at certain grade levels)
Stock Purchase Plan
Vacation days and paid holidays**
Voluntary accidental death and dismemberment plan
Voluntary life insurance plan
Voluntary Critical Illness, Accident and Whole Life coverage
$0 generics for certain maintenance medications

*Unless required by law, as negotiated in a collective bargaining agreement, or as specified in pre-existing company policy, hourly workers do not receive paid sick days. However, the company does pay short-term disability for up to 13 weeks (after a five-day waiting period) and also offers long-term disability coverage at a competitive group rate. It provides 60% of their earnings tax free for up to 10 years. Relocation assistance is also provided for some positions. AdvancePierre Foods team members did not join Tyson Foods’ benefit plan until 1/1/2018.

**At this time, we are still evaluating a paid time off system for hourly Team Members. We do offer paid vacation time, pay for recognized holidays, and sick pay in locations where required by law. Additionally, we are currently testing various delivery systems for paid time off such as taking vacation time in increments less than the traditional day at time. We believe our investment in Upward Academy and addressing financial literacy gaps with our workforce, will better enable our Team Members to understand and manage a paid time off system in a manner that ensures wage protection.