This report analyzes and compares CHICAGO TRANSIT AUTHORITY's employee health insurance and employee benefits with its industry and in Illinois State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
CHICAGO TRANSIT AUTHORITY has first-class career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the CHICAGO TRANSIT AUTHORITY. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CHICAGO TRANSIT AUTHORITY offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CHICAGO TRANSIT AUTHORITY makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: CHICAGO TRANSIT AUTHORITY believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: CHICAGO TRANSIT AUTHORITY encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, CHICAGO TRANSIT AUTHORITY supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: CHICAGO TRANSIT AUTHORITY has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: CHICAGO TRANSIT AUTHORITY is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, CHICAGO TRANSIT AUTHORITY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: CHICAGO TRANSIT AUTHORITY does not offer onboarding.
- RECOGNITION PROGRAMS: CHICAGO TRANSIT AUTHORITY knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to CHICAGO TRANSIT AUTHORITY.
- TUITION REIMBURSEMENT: CHICAGO TRANSIT AUTHORITY has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at CHICAGO TRANSIT AUTHORITY.
Benefit | CHICAGO TRANSIT AUTHORITY | Industry | Illinois |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
CHICAGO TRANSIT AUTHORITY has solid health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers solid dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a solid healthcare spending account at their disposal.
- COUNSELING: CHICAGO TRANSIT AUTHORITY does not offer counseling.
- DENTAL PLAN: CHICAGO TRANSIT AUTHORITY offers a solid dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: CHICAGO TRANSIT AUTHORITY offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: CHICAGO TRANSIT AUTHORITY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, CHICAGO TRANSIT AUTHORITY offers a solid healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: CHICAGO TRANSIT AUTHORITY has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: CHICAGO TRANSIT AUTHORITY does not offer telehealth.
- VISION PLAN: CHICAGO TRANSIT AUTHORITY has an extraordinary Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | CHICAGO TRANSIT AUTHORITY | Industry | Illinois |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
CHICAGO TRANSIT AUTHORITY offers superb financial benefits for employees and their family members. A superb 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: CHICAGO TRANSIT AUTHORITY has a top-notch 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. CHICAGO TRANSIT AUTHORITY provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a top-notch CHICAGO TRANSIT AUTHORITY has Matching program that matches 75% of employees' contributions. Whatever CHICAGO TRANSIT AUTHORITY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave CHICAGO TRANSIT AUTHORITY. Recognizing that every team member is unique, with specific needs and goals, CHICAGO TRANSIT AUTHORITY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: CHICAGO TRANSIT AUTHORITY does not offer adoption assistance reimbursement.
- BONUS PAY: CHICAGO TRANSIT AUTHORITY has an excellent bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: CHICAGO TRANSIT AUTHORITY cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: CHICAGO TRANSIT AUTHORITY acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CHICAGO TRANSIT AUTHORITY offers a top-notch daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: CHICAGO TRANSIT AUTHORITY has an impressive disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: CHICAGO TRANSIT AUTHORITY offers a good life insurance policy to its team members for an affordable price. CHICAGO TRANSIT AUTHORITY participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: CHICAGO TRANSIT AUTHORITY has an exceptional vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: CHICAGO TRANSIT AUTHORITY does not offer paid volunteer time off.
- PARENTAL LEAVE: CHICAGO TRANSIT AUTHORITY has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CHICAGO TRANSIT AUTHORITY | Industry | Illinois |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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