This report analyzes and compares ELKAY MANUFACTURING COMPANY'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
ELKAY MANUFACTURING COMPANY offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. ELKAY MANUFACTURING COMPANY believes that every employee has a valuable set of skills so it helps them plan their careers with valuable developmental resources and mentorships.
- CAREER PLANNING: ELKAY MANUFACTURING COMPANY continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that ELKAY MANUFACTURING COMPANY uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: ELKAY MANUFACTURING COMPANY does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: ELKAY MANUFACTURING COMPANY 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: ELKAY MANUFACTURING COMPANY does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: ELKAY MANUFACTURING COMPANY believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that ELKAY MANUFACTURING COMPANY provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: ELKAY MANUFACTURING COMPANY is aware of the difficulties that new employees might experience when they join the team. That's why ELKAY MANUFACTURING COMPANY has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: ELKAY MANUFACTURING COMPANY has a superior Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: ELKAY MANUFACTURING COMPANY does not offer tuition reimbursement.
Benefit | ELKAY MANUFACTURING COMPANY | 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
ELKAY MANUFACTURING COMPANY 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 ELKAY MANUFACTURING COMPANY's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ELKAY MANUFACTURING COMPANY wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at ELKAY MANUFACTURING COMPANY have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. ELKAY MANUFACTURING COMPANY partially pays for dentures and braces as well.
- HEALTH INSURANCE: ELKAY MANUFACTURING COMPANY provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: ELKAY MANUFACTURING COMPANY is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: ELKAY MANUFACTURING COMPANY has a remarkable healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, ELKAY MANUFACTURING COMPANY has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: ELKAY MANUFACTURING COMPANY has a great telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. ELKAY MANUFACTURING COMPANY can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ELKAY MANUFACTURING COMPANY 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 | ELKAY MANUFACTURING COMPANY | 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
ELKAY MANUFACTURING COMPANY 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: ELKAY MANUFACTURING COMPANY has an excellent 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, ELKAY MANUFACTURING COMPANY offers an excellent program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, ELKAY MANUFACTURING COMPANY offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ELKAY MANUFACTURING COMPANY has a superior Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by ELKAY MANUFACTURING COMPANY.
- BONUS PAY: ELKAY MANUFACTURING COMPANY has an impressive 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: ELKAY MANUFACTURING COMPANY cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: ELKAY MANUFACTURING COMPANY acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: ELKAY MANUFACTURING COMPANY has a valuable daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: ELKAY MANUFACTURING COMPANY offers a superior short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: ELKAY MANUFACTURING COMPANY offers a suitable life insurance policy to its team members for an affordable price. ELKAY MANUFACTURING COMPANY 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: ELKAY MANUFACTURING COMPANY wants for its team members to lead a happy and fulfilled life so it has a solid 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: ELKAY MANUFACTURING COMPANY believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why ELKAY MANUFACTURING COMPANY offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: ELKAY MANUFACTURING COMPANY has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ELKAY MANUFACTURING COMPANY | 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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