This report analyzes and compares EQUITY RESIDENTIAL'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
EQUITY RESIDENTIAL has top-notch 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 EQUITY RESIDENTIAL. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: EQUITY RESIDENTIAL believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. EQUITY RESIDENTIAL has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, EQUITY RESIDENTIAL can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: EQUITY RESIDENTIAL encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, EQUITY RESIDENTIAL supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: EQUITY RESIDENTIAL has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: EQUITY RESIDENTIAL offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by EQUITY RESIDENTIAL to grow as leaders and learn how to make tough calls.
- ONBOARDING: EQUITY RESIDENTIAL does not offer onboarding.
- RECOGNITION PROGRAMS: EQUITY RESIDENTIAL knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to EQUITY RESIDENTIAL.
- TUITION REIMBURSEMENT: EQUITY RESIDENTIAL has a solid 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 | EQUITY RESIDENTIAL | 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
EQUITY RESIDENTIAL offers superior 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 EQUITY RESIDENTIAL's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: EQUITY RESIDENTIAL wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior 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 EQUITY RESIDENTIAL 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. EQUITY RESIDENTIAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: EQUITY RESIDENTIAL provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, EQUITY RESIDENTIAL 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: To financially help its team members with medical emergencies, EQUITY RESIDENTIAL offers a valuable 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: EQUITY RESIDENTIAL offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: EQUITY RESIDENTIAL has an exceptional 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: EQUITY RESIDENTIAL 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 | EQUITY RESIDENTIAL | 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
EQUITY RESIDENTIAL 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: EQUITY RESIDENTIAL has a remarkable 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. EQUITY RESIDENTIAL provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a remarkable EQUITY RESIDENTIAL has Matching program that matches 75% of employees' contributions. Whatever EQUITY RESIDENTIAL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave EQUITY RESIDENTIAL. Recognizing that every team member is unique, with specific needs and goals, EQUITY RESIDENTIAL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: EQUITY RESIDENTIAL does not offer adoption assistance reimbursement.
- BONUS PAY: EQUITY RESIDENTIAL has a good 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: EQUITY RESIDENTIAL cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: EQUITY RESIDENTIAL acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: EQUITY RESIDENTIAL 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: EQUITY RESIDENTIAL has an exceptional 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: EQUITY RESIDENTIAL 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: EQUITY RESIDENTIAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why EQUITY RESIDENTIAL has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: EQUITY RESIDENTIAL recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by EQUITY RESIDENTIAL, on volunteer work of their choice.
- PARENTAL LEAVE: EQUITY RESIDENTIAL has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | EQUITY RESIDENTIAL | 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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