This report analyzes and compares AMSTED INDUSTRIES' employee health insurance and employee benefits with its industry and in Illinois State.

COMPARE AMSTED INDUSTRIES' EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

AMSTED INDUSTRIES offers outstanding career benefits to help its team members achieve their full potential and maximize their contributions to AMSTED INDUSTRIES with rich developmental resources, fully covered tuitions for colleges, and effective onboarding programs. For employees who have what it takes to be a leader, AMSTED INDUSTRIES offers outstanding leadership programs.

  • CAREER PLANNING: AMSTED INDUSTRIES continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that AMSTED INDUSTRIES uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: AMSTED INDUSTRIES believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
  • DEVELOPMENT RESOURCES: AMSTED INDUSTRIES offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
  • GED REIMBURSEMENT: AMSTED INDUSTRIES has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
  • LEADERSHIP PROGRAMS: AMSTED INDUSTRIES believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that AMSTED INDUSTRIES provides for them, employees are able to learn what makes or breaks a leader.
  • ONBOARDING: AMSTED INDUSTRIES offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
  • RECOGNITION PROGRAMS: AMSTED INDUSTRIES has a superior Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
  • TUITION REIMBURSEMENT: AMSTED INDUSTRIES realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
AMSTED INDUSTRIES's career benefits comparison table

Benefit

AMSTED INDUSTRIES

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

AMSTED INDUSTRIES has great health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers great dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a great healthcare spending account at their disposal.

  • COUNSELING: AMSTED INDUSTRIES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why AMSTED INDUSTRIES 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: AMSTED INDUSTRIES offers a great dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
  • HEALTH INSURANCE: AMSTED INDUSTRIES offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
  • HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, AMSTED INDUSTRIES offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
  • HEALTHCARE SPENDING ACCOUNTS: AMSTED INDUSTRIES has a remarkable 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: AMSTED INDUSTRIES has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
  • TELEHEALTH: AMSTED INDUSTRIES does not offer telehealth.
  • VISION PLAN: AMSTED INDUSTRIES has an exceptional 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.
AMSTED INDUSTRIES's healthcare benefits comparison table

Benefit

AMSTED INDUSTRIES

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

Team members enjoy solid financial benefits at AMSTED INDUSTRIES. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. AMSTED INDUSTRIES offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect AMSTED INDUSTRIES to partially cover the expenses.

  • 401(K) PLAN: AMSTED INDUSTRIES knows how important it is to think about retirement and start saving on time. That's why it offers a solid 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 AMSTED INDUSTRIES 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, AMSTED INDUSTRIES provides resources which will help team members decide what to do with their 401(k) plan. AMSTED INDUSTRIES offers a solid vesting schedule with a gradual increase of 25% per year.
  • ADOPTION ASSISTANCE REIMBURSEMENT: AMSTED INDUSTRIES does not offer adoption assistance reimbursement.
  • BONUS PAY: AMSTED INDUSTRIES has a great 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: AMSTED INDUSTRIES does not offer childcare discount.
  • COMMUTER BENEFIT: AMSTED INDUSTRIES 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: AMSTED 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: AMSTED INDUSTRIES has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: AMSTED INDUSTRIES offers a solid life insurance policy to its team members for an affordable price. AMSTED INDUSTRIES participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
  • PAID TIME OFF: AMSTED INDUSTRIES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why AMSTED INDUSTRIES has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
  • PAID VOLUNTEER TIME OFF: AMSTED INDUSTRIES has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, AMSTED INDUSTRIES stimulates its team members to use two paid days every quartal for volunteering purposes.
  • PARENTAL LEAVE: AMSTED INDUSTRIES has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
AMSTED INDUSTRIES's financial benefits comparison table

Benefit

AMSTED INDUSTRIES

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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