Storey overhauls Michelin NA's benefit package in order to satisfy both young and veteran workers

Carlson, Leah
September 2004
Employee Benefit News;9/15/2004, Vol. 18 Issue 12, p29
This article reports that Martin Storey, director of compensation and benefits of Michelin North America Inc., has crafted a new employee benefits package that would attract younger workers, keep veteran workers satisfied and keep benefit costs down. Michelin decided early on that it would need to overhaul both the health plan and the retirement plan. Storey urged making the retirement and health changes simultaneously to assess the overall impact. Fortunately, Storey had a deep knowledge and understanding of Michelin and its employees, having worked at the company for 18 years in a variety of positions.


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