This report analyzes and compares ELECTRO-MOTIVE DIESEL'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
ELECTRO-MOTIVE DIESEL has remarkable 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 ELECTRO-MOTIVE DIESEL. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ELECTRO-MOTIVE DIESEL continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that ELECTRO-MOTIVE DIESEL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: ELECTRO-MOTIVE DIESEL offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: ELECTRO-MOTIVE DIESEL offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: ELECTRO-MOTIVE DIESEL does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: ELECTRO-MOTIVE DIESEL believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that ELECTRO-MOTIVE DIESEL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: ELECTRO-MOTIVE DIESEL is aware of the difficulties that new employees might experience when they join the team. That's why ELECTRO-MOTIVE DIESEL has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, ELECTRO-MOTIVE DIESEL implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: ELECTRO-MOTIVE DIESEL has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at ELECTRO-MOTIVE DIESEL.
Benefit | ELECTRO-MOTIVE DIESEL | 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
ELECTRO-MOTIVE DIESEL offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy ELECTRO-MOTIVE DIESEL's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ELECTRO-MOTIVE DIESEL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why ELECTRO-MOTIVE DIESEL implemented a solid counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at ELECTRO-MOTIVE DIESEL have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. ELECTRO-MOTIVE DIESEL partially pays for dentures and braces as well.
- HEALTH INSURANCE: ELECTRO-MOTIVE DIESEL offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: ELECTRO-MOTIVE DIESEL offers its team members first-class health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. ELECTRO-MOTIVE DIESEL provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, ELECTRO-MOTIVE DIESEL offers a valuable 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: Aware of the challenges that come with pregnancy, ELECTRO-MOTIVE DIESEL has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: ELECTRO-MOTIVE DIESEL has implemented a superior telehealth policy for its members to use any time of the day, every single day. ELECTRO-MOTIVE DIESEL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: ELECTRO-MOTIVE DIESEL offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | ELECTRO-MOTIVE DIESEL | 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
ELECTRO-MOTIVE DIESEL offers remarkable financial benefits for employees and their family members. A remarkable 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: ELECTRO-MOTIVE DIESEL 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. ELECTRO-MOTIVE DIESEL 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 ELECTRO-MOTIVE DIESEL has Matching program that matches 75% of employees' contributions. Whatever ELECTRO-MOTIVE DIESEL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave ELECTRO-MOTIVE DIESEL. Recognizing that every team member is unique, with specific needs and goals, ELECTRO-MOTIVE DIESEL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: ELECTRO-MOTIVE DIESEL does not offer adoption assistance reimbursement.
- BONUS PAY: ELECTRO-MOTIVE DIESEL has an outstanding 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: ELECTRO-MOTIVE DIESEL does not offer childcare discount.
- COMMUTER BENEFIT: ELECTRO-MOTIVE DIESEL offers excellent commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: ELECTRO-MOTIVE DIESEL offers a superior 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: ELECTRO-MOTIVE DIESEL has an excellent 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: ELECTRO-MOTIVE DIESEL offers a solid life insurance policy to its team members for an affordable price. ELECTRO-MOTIVE DIESEL 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: ELECTRO-MOTIVE DIESEL wants for its team members to lead a happy and fulfilled life so it has a great vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: ELECTRO-MOTIVE DIESEL recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ELECTRO-MOTIVE DIESEL, on volunteer work of their choice.
- PARENTAL LEAVE: ELECTRO-MOTIVE DIESEL has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ELECTRO-MOTIVE DIESEL | 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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