This report analyzes and compares WINTRUST FINANCIAL'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
WINTRUST FINANCIAL offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. WINTRUST FINANCIAL 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: WINTRUST FINANCIAL believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. WINTRUST FINANCIAL has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: WINTRUST FINANCIAL 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: WINTRUST FINANCIAL encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, WINTRUST FINANCIAL 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: WINTRUST FINANCIAL has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: WINTRUST FINANCIAL does not offer leadership programs.
- ONBOARDING: WINTRUST FINANCIAL is aware of the difficulties that new employees might experience when they join the team. That's why WINTRUST FINANCIAL has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, WINTRUST FINANCIAL implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WINTRUST FINANCIAL 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 | WINTRUST FINANCIAL | 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
WINTRUST FINANCIAL 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 WINTRUST FINANCIAL's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WINTRUST FINANCIAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why WINTRUST FINANCIAL 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: WINTRUST FINANCIAL cares about its team members' dental health so it offers an outstanding dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: WINTRUST FINANCIAL offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: WINTRUST FINANCIAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: WINTRUST FINANCIAL 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: Aware of the challenges that come with pregnancy, WINTRUST FINANCIAL has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: WINTRUST FINANCIAL has implemented a superior telehealth policy for its members to use any time of the day, every single day. WINTRUST FINANCIAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: WINTRUST FINANCIAL provides a superior 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 | WINTRUST FINANCIAL | 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
WINTRUST FINANCIAL 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: WINTRUST FINANCIAL knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and WINTRUST FINANCIAL will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, WINTRUST FINANCIAL provides resources which will help team members decide what to do with their 401(k) plan. WINTRUST FINANCIAL offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: WINTRUST FINANCIAL has an exceptional 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: WINTRUST FINANCIAL offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for WINTRUST FINANCIAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: WINTRUST FINANCIAL does not offer childcare discount.
- COMMUTER BENEFIT: WINTRUST FINANCIAL acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: WINTRUST FINANCIAL offers a superior 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: WINTRUST FINANCIAL 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: WINTRUST FINANCIAL has a remarkable 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: WINTRUST FINANCIAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why WINTRUST FINANCIAL has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: WINTRUST FINANCIAL recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by WINTRUST FINANCIAL, on volunteer work of their choice.
- PARENTAL LEAVE: WINTRUST FINANCIAL has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WINTRUST FINANCIAL | 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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