This report analyzes and compares ARCHER DANIELS MIDLAND COMPANY'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
ARCHER DANIELS MIDLAND COMPANY has first-class 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 ARCHER DANIELS MIDLAND COMPANY. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ARCHER DANIELS MIDLAND COMPANY 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. ARCHER DANIELS MIDLAND COMPANY has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: ARCHER DANIELS MIDLAND COMPANY does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: ARCHER DANIELS MIDLAND COMPANY encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, ARCHER DANIELS MIDLAND COMPANY supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: ARCHER DANIELS MIDLAND COMPANY has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: ARCHER DANIELS MIDLAND COMPANY offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by ARCHER DANIELS MIDLAND COMPANY to grow as leaders and learn how to make tough calls.
- ONBOARDING: ARCHER DANIELS MIDLAND COMPANY is aware of the difficulties that new employees might experience when they join the team. That's why ARCHER DANIELS MIDLAND COMPANY has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: ARCHER DANIELS MIDLAND COMPANY knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to ARCHER DANIELS MIDLAND COMPANY.
- TUITION REIMBURSEMENT: ARCHER DANIELS MIDLAND COMPANY has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at ARCHER DANIELS MIDLAND COMPANY.
Benefit | ARCHER DANIELS MIDLAND COMPANY | 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
ARCHER DANIELS MIDLAND COMPANY 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 ARCHER DANIELS MIDLAND COMPANY's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ARCHER DANIELS MIDLAND COMPANY has an extraordinary counseling program for its employees and their family members. Team members are encouraged by ARCHER DANIELS MIDLAND COMPANY 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 extraordinary 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 ARCHER DANIELS MIDLAND COMPANY 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. ARCHER DANIELS MIDLAND COMPANY partially pays for dentures and braces as well.
- HEALTH INSURANCE: ARCHER DANIELS MIDLAND COMPANY provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: ARCHER DANIELS MIDLAND COMPANY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: ARCHER DANIELS MIDLAND COMPANY offers an extraordinary healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: ARCHER DANIELS MIDLAND COMPANY has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: ARCHER DANIELS MIDLAND COMPANY has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. ARCHER DANIELS MIDLAND COMPANY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: ARCHER DANIELS MIDLAND COMPANY offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | ARCHER DANIELS MIDLAND COMPANY | 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
ARCHER DANIELS MIDLAND COMPANY 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: ARCHER DANIELS MIDLAND COMPANY has an exceptional 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, ARCHER DANIELS MIDLAND COMPANY offers an exceptional program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, ARCHER DANIELS MIDLAND COMPANY offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ARCHER DANIELS MIDLAND COMPANY 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 ARCHER DANIELS MIDLAND COMPANY.
- BONUS PAY: ARCHER DANIELS MIDLAND COMPANY has a suitable 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: ARCHER DANIELS MIDLAND COMPANY does not offer childcare discount.
- COMMUTER BENEFIT: ARCHER DANIELS MIDLAND COMPANY 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: ARCHER DANIELS MIDLAND COMPANY has a great 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: ARCHER DANIELS MIDLAND COMPANY offers a superior 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: ARCHER DANIELS MIDLAND COMPANY offers an excellent life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: ARCHER DANIELS MIDLAND COMPANY 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: ARCHER DANIELS MIDLAND COMPANY recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ARCHER DANIELS MIDLAND COMPANY, on volunteer work of their choice.
- PARENTAL LEAVE: ARCHER DANIELS MIDLAND COMPANY has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ARCHER DANIELS MIDLAND COMPANY | 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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