This report analyzes and compares INGREDIONORPORATED'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
INGREDIONORPORATED offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. INGREDIONORPORATED 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: INGREDIONORPORATED believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. INGREDIONORPORATED has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, INGREDIONORPORATED can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: impressive development resources are what allows INGREDIONORPORATED to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: INGREDIONORPORATED has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: INGREDIONORPORATED believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that INGREDIONORPORATED provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: INGREDIONORPORATED does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, INGREDIONORPORATED implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: INGREDIONORPORATED does not offer tuition reimbursement.
Benefit | INGREDIONORPORATED | 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
INGREDIONORPORATED 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 INGREDIONORPORATED's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: INGREDIONORPORATED wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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 INGREDIONORPORATED 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. INGREDIONORPORATED partially pays for dentures and braces as well.
- HEALTH INSURANCE: INGREDIONORPORATED offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: INGREDIONORPORATED does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, INGREDIONORPORATED offers a great 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: INGREDIONORPORATED offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: INGREDIONORPORATED has a good 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. INGREDIONORPORATED can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: INGREDIONORPORATED offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | INGREDIONORPORATED | 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
INGREDIONORPORATED offers first-class financial benefits for employees and their family members. A first-class 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: INGREDIONORPORATED does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: INGREDIONORPORATED has an outstanding Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: INGREDIONORPORATED offers superb bonuses to team members who excel in their field of work, provide extraordinary results for INGREDIONORPORATED, and encourage others to do the same.
- CHILDCARE DISCOUNT: INGREDIONORPORATED offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: INGREDIONORPORATED has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: INGREDIONORPORATED offers a first-class 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: INGREDIONORPORATED has an impressive 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: INGREDIONORPORATED 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: INGREDIONORPORATED realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why INGREDIONORPORATED has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: INGREDIONORPORATED does not offer paid volunteer time off.
- PARENTAL LEAVE: INGREDIONORPORATED has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | INGREDIONORPORATED | 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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