This report analyzes and compares FLEXSTEEL INDUSTRIES' employee health insurance and employee benefits with its industry and in Iowa 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
FLEXSTEEL INDUSTRIES has superior 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 FLEXSTEEL INDUSTRIES. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: FLEXSTEEL INDUSTRIES continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that FLEXSTEEL INDUSTRIES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a good coaching and mentoring program, FLEXSTEEL INDUSTRIES can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: FLEXSTEEL INDUSTRIES encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, FLEXSTEEL INDUSTRIES supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: FLEXSTEEL INDUSTRIES has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: FLEXSTEEL INDUSTRIES does not offer leadership programs.
- ONBOARDING: FLEXSTEEL INDUSTRIES is aware of the difficulties that new employees might experience when they join the team. That's why FLEXSTEEL INDUSTRIES has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: FLEXSTEEL INDUSTRIES 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 FLEXSTEEL INDUSTRIES.
- TUITION REIMBURSEMENT: FLEXSTEEL INDUSTRIES 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 | FLEXSTEEL INDUSTRIES | Industry | Iowa |
|---|---|---|---|
| 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
FLEXSTEEL INDUSTRIES offers superb 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 FLEXSTEEL INDUSTRIES's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FLEXSTEEL INDUSTRIES has an outstanding counseling program for its employees and their family members. Team members are encouraged by FLEXSTEEL INDUSTRIES to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This outstanding counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at FLEXSTEEL INDUSTRIES 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. FLEXSTEEL INDUSTRIES partially pays for dentures and braces as well.
- HEALTH INSURANCE: FLEXSTEEL INDUSTRIES offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: FLEXSTEEL INDUSTRIES is aware of the fact that a healthy employee is a productive employee so it offers excellent 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: FLEXSTEEL INDUSTRIES has a first-class 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: FLEXSTEEL INDUSTRIES has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: FLEXSTEEL INDUSTRIES has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. FLEXSTEEL INDUSTRIES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: FLEXSTEEL INDUSTRIES provides a top-notch 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 | FLEXSTEEL INDUSTRIES | Industry | Iowa |
|---|---|---|---|
| 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
FLEXSTEEL INDUSTRIES 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: FLEXSTEEL INDUSTRIES does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: FLEXSTEEL INDUSTRIES 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 FLEXSTEEL INDUSTRIES.
- BONUS PAY: FLEXSTEEL INDUSTRIES 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: FLEXSTEEL INDUSTRIES does not offer childcare discount.
- COMMUTER BENEFIT: FLEXSTEEL INDUSTRIES 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: FLEXSTEEL INDUSTRIES offers a remarkable 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: FLEXSTEEL INDUSTRIES offers a remarkable 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: FLEXSTEEL INDUSTRIES has a superior 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: FLEXSTEEL INDUSTRIES has an impressive 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: FLEXSTEEL INDUSTRIES recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by FLEXSTEEL INDUSTRIES, on volunteer work of their choice.
- PARENTAL LEAVE: FLEXSTEEL INDUSTRIES has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FLEXSTEEL INDUSTRIES | Industry | Iowa |
|---|---|---|---|
| 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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