This report analyzes and compares CHURCHILL DOWNS' employee health insurance and employee benefits with its industry and in Kentucky 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
CHURCHILL DOWNS offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. CHURCHILL DOWNS believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: CHURCHILL DOWNS 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. CHURCHILL DOWNS has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: CHURCHILL DOWNS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: CHURCHILL DOWNS encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, CHURCHILL DOWNS supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: CHURCHILL DOWNS does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: CHURCHILL DOWNS offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by CHURCHILL DOWNS to grow as leaders and learn how to make tough calls.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why CHURCHILL DOWNS offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: CHURCHILL DOWNS 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 CHURCHILL DOWNS.
- TUITION REIMBURSEMENT: CHURCHILL DOWNS has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | CHURCHILL DOWNS | Industry | Kentucky |
|---|---|---|---|
| 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
CHURCHILL DOWNS offers first-class 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 CHURCHILL DOWNS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CHURCHILL DOWNS does not offer counseling.
- DENTAL PLAN: CHURCHILL DOWNS offers a valuable 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: CHURCHILL DOWNS 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: CHURCHILL DOWNS is aware of the fact that a healthy employee is a productive employee so it offers exceptional 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: CHURCHILL DOWNS offers an outstanding 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: CHURCHILL DOWNS 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: CHURCHILL DOWNS has an excellent telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: CHURCHILL DOWNS 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.
Benefit | CHURCHILL DOWNS | Industry | Kentucky |
|---|---|---|---|
| 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 CHURCHILL DOWNS. 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. CHURCHILL DOWNS offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CHURCHILL DOWNS to partially cover the expenses.
- 401(K) PLAN: CHURCHILL DOWNS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: CHURCHILL DOWNS has a superior 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 CHURCHILL DOWNS.
- BONUS PAY: CHURCHILL DOWNS has a valuable 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: CHURCHILL DOWNS does not offer childcare discount.
- COMMUTER BENEFIT: CHURCHILL DOWNS acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CHURCHILL DOWNS offers an extraordinary daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: CHURCHILL DOWNS 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: CHURCHILL DOWNS has a superb 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: CHURCHILL DOWNS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why CHURCHILL DOWNS has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: CHURCHILL DOWNS does not offer paid volunteer time off.
- PARENTAL LEAVE: CHURCHILL DOWNS has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CHURCHILL DOWNS | Industry | Kentucky |
|---|---|---|---|
| 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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