This report analyzes and compares EQUIFAX's employee health insurance and employee benefits with its industry and in Georgia 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
EQUIFAX has superb 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 EQUIFAX. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: EQUIFAX offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, EQUIFAX makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: EQUIFAX 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: EQUIFAX encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, EQUIFAX supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: EQUIFAX has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: EQUIFAX offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by EQUIFAX to grow as leaders and learn how to make tough calls.
- ONBOARDING: EQUIFAX does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, EQUIFAX implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: EQUIFAX realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | EQUIFAX | Industry | Georgia |
|---|---|---|---|
| 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
EQUIFAX offers remarkable 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 EQUIFAX's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: EQUIFAX does not offer counseling.
- DENTAL PLAN: Team members at EQUIFAX have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. EQUIFAX partially pays for dentures and braces as well.
- HEALTH INSURANCE: EQUIFAX offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: EQUIFAX offers its team members remarkable 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. EQUIFAX provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: EQUIFAX offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: EQUIFAX offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: EQUIFAX has implemented a first-class telehealth policy for its members to use any time of the day, every single day. EQUIFAX covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: EQUIFAX provides a first-class Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | EQUIFAX | Industry | Georgia |
|---|---|---|---|
| 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
EQUIFAX offers top-notch financial benefits for employees and their family members. A top-notch 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: EQUIFAX has a remarkable 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. EQUIFAX 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 remarkable EQUIFAX has Matching program that matches 75% of employees' contributions. Whatever EQUIFAX contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave EQUIFAX. Recognizing that every team member is unique, with specific needs and goals, EQUIFAX keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: EQUIFAX does not offer adoption assistance reimbursement.
- BONUS PAY: EQUIFAX has a solid bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: EQUIFAX cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: EQUIFAX offers extraordinary 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: EQUIFAX 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: EQUIFAX 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: EQUIFAX has a superb life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: EQUIFAX realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why EQUIFAX has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: EQUIFAX has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, EQUIFAX stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: EQUIFAX has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | EQUIFAX | Industry | Georgia |
|---|---|---|---|
| 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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