This report analyzes and compares FEDERAL RESERVE BANK OF KANSAS CITY's employee health insurance and employee benefits with its industry and in Missouri 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
FEDERAL RESERVE BANK OF KANSAS CITY offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. FEDERAL RESERVE BANK OF KANSAS CITY believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: FEDERAL RESERVE BANK OF KANSAS CITY believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. FEDERAL RESERVE BANK OF KANSAS CITY has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: FEDERAL RESERVE BANK OF KANSAS CITY does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: FEDERAL RESERVE BANK OF KANSAS CITY offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: FEDERAL RESERVE BANK OF KANSAS CITY has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: FEDERAL RESERVE BANK OF KANSAS CITY is always on the lookout for new leadership material and offers good development programs for its team members. With access to good resources, FEDERAL RESERVE BANK OF KANSAS CITY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: FEDERAL RESERVE BANK OF KANSAS CITY does not offer onboarding.
- RECOGNITION PROGRAMS: FEDERAL RESERVE BANK OF KANSAS CITY knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to FEDERAL RESERVE BANK OF KANSAS CITY.
- TUITION REIMBURSEMENT: FEDERAL RESERVE BANK OF KANSAS CITY has a good Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | FEDERAL RESERVE BANK OF KANSAS CITY | Industry | Missouri |
|---|---|---|---|
| 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
FEDERAL RESERVE BANK OF KANSAS CITY offers top-notch 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 FEDERAL RESERVE BANK OF KANSAS CITY's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FEDERAL RESERVE BANK OF KANSAS CITY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why FEDERAL RESERVE BANK OF KANSAS CITY implemented a suitable 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 suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at FEDERAL RESERVE BANK OF KANSAS CITY have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. FEDERAL RESERVE BANK OF KANSAS CITY partially pays for dentures and braces as well.
- HEALTH INSURANCE: FEDERAL RESERVE BANK OF KANSAS CITY offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: FEDERAL RESERVE BANK OF KANSAS CITY offers its team members superior 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. FEDERAL RESERVE BANK OF KANSAS CITY provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, FEDERAL RESERVE BANK OF KANSAS CITY 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: FEDERAL RESERVE BANK OF KANSAS CITY offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: FEDERAL RESERVE BANK OF KANSAS CITY has an excellent telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: FEDERAL RESERVE BANK OF KANSAS CITY has an outstanding 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 | FEDERAL RESERVE BANK OF KANSAS CITY | Industry | Missouri |
|---|---|---|---|
| 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
FEDERAL RESERVE BANK OF KANSAS CITY 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: FEDERAL RESERVE BANK OF KANSAS CITY does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FEDERAL RESERVE BANK OF KANSAS CITY has a superb 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 FEDERAL RESERVE BANK OF KANSAS CITY.
- BONUS PAY: FEDERAL RESERVE BANK OF KANSAS CITY 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: FEDERAL RESERVE BANK OF KANSAS CITY has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: FEDERAL RESERVE BANK OF KANSAS CITY offers exceptional 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: FEDERAL RESERVE BANK OF KANSAS CITY has a suitable 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: FEDERAL RESERVE BANK OF KANSAS CITY has a good disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: FEDERAL RESERVE BANK OF KANSAS CITY has a top-notch 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: FEDERAL RESERVE BANK OF KANSAS CITY has an extraordinary 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: FEDERAL RESERVE BANK OF KANSAS CITY does not offer paid volunteer time off.
- PARENTAL LEAVE: FEDERAL RESERVE BANK OF KANSAS CITY has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FEDERAL RESERVE BANK OF KANSAS CITY | Industry | Missouri |
|---|---|---|---|
| 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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