This report analyzes and compares IDEX CORP'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
IDEX CORP offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. IDEX CORP believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: IDEX CORP 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. IDEX CORP has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, IDEX CORP can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: IDEX CORP encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, IDEX CORP supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: IDEX CORP has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: IDEX CORP offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by IDEX CORP to grow as leaders and learn how to make tough calls.
- ONBOARDING: IDEX CORP offers a superb 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: Aware of the fact that its team members work hard, IDEX CORP implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: IDEX CORP does not offer tuition reimbursement.
Benefit | IDEX CORP | 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
IDEX CORP 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 IDEX CORP's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: IDEX CORP does not offer counseling.
- DENTAL PLAN: IDEX CORP cares about its team members' dental health so it offers an excellent 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: IDEX CORP offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: IDEX CORP offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. IDEX CORP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: IDEX CORP 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: IDEX CORP has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: IDEX CORP has a good telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. IDEX CORP can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: IDEX CORP provides a remarkable 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 | IDEX CORP | 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 suitable financial benefits at IDEX CORP. 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. IDEX CORP offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect IDEX CORP to partially cover the expenses.
- 401(K) PLAN: IDEX CORP knows how important it is to think about retirement and start saving on time. That's why it offers a good 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 IDEX CORP 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, IDEX CORP provides resources which will help team members decide what to do with their 401(k) plan. IDEX CORP offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: IDEX CORP does not offer adoption assistance reimbursement.
- BONUS PAY: IDEX CORP offers superior bonuses to team members who excel in their field of work, provide extraordinary results for IDEX CORP, and encourage others to do the same.
- CHILDCARE DISCOUNT: IDEX CORP offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: IDEX CORP acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: IDEX CORP offers an impressive 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: IDEX CORP offers a top-notch 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: IDEX CORP offers a great life insurance policy to its team members for an affordable price. IDEX CORP 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: IDEX CORP wants for its team members to lead a happy and fulfilled life so it has a good vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: IDEX CORP has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, IDEX CORP stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: IDEX CORP has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | IDEX CORP | 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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