This report analyzes and compares ILLINOIS INSTITUTE OF TECHNOLOGY'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
ILLINOIS INSTITUTE OF TECHNOLOGY has superb 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 ILLINOIS INSTITUTE OF TECHNOLOGY. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: ILLINOIS INSTITUTE OF TECHNOLOGY 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. ILLINOIS INSTITUTE OF TECHNOLOGY has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: ILLINOIS INSTITUTE OF TECHNOLOGY offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: ILLINOIS INSTITUTE OF TECHNOLOGY encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, ILLINOIS INSTITUTE OF TECHNOLOGY 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: ILLINOIS INSTITUTE OF TECHNOLOGY has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: ILLINOIS INSTITUTE OF TECHNOLOGY is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, ILLINOIS INSTITUTE OF TECHNOLOGY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: ILLINOIS INSTITUTE OF TECHNOLOGY does not offer onboarding.
- RECOGNITION PROGRAMS: ILLINOIS INSTITUTE OF TECHNOLOGY 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 ILLINOIS INSTITUTE OF TECHNOLOGY.
- TUITION REIMBURSEMENT: ILLINOIS INSTITUTE OF TECHNOLOGY realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | ILLINOIS INSTITUTE OF TECHNOLOGY | 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
ILLINOIS INSTITUTE OF TECHNOLOGY 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 ILLINOIS INSTITUTE OF TECHNOLOGY's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ILLINOIS INSTITUTE OF TECHNOLOGY wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class 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 ILLINOIS INSTITUTE OF TECHNOLOGY have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. ILLINOIS INSTITUTE OF TECHNOLOGY partially pays for dentures and braces as well.
- HEALTH INSURANCE: ILLINOIS INSTITUTE OF TECHNOLOGY offers a valuable 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, ILLINOIS INSTITUTE OF TECHNOLOGY offers valuable 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: ILLINOIS INSTITUTE OF TECHNOLOGY offers an excellent 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: ILLINOIS INSTITUTE OF TECHNOLOGY offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: ILLINOIS INSTITUTE OF TECHNOLOGY has a great 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. ILLINOIS INSTITUTE OF TECHNOLOGY can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: ILLINOIS INSTITUTE OF TECHNOLOGY offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | ILLINOIS INSTITUTE OF TECHNOLOGY | 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
ILLINOIS INSTITUTE OF TECHNOLOGY offers top-notch financial benefits for employees and their family members. A top-notch 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: ILLINOIS INSTITUTE OF TECHNOLOGY does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: ILLINOIS INSTITUTE OF TECHNOLOGY has a first-class 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 ILLINOIS INSTITUTE OF TECHNOLOGY.
- BONUS PAY: ILLINOIS INSTITUTE OF TECHNOLOGY 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: ILLINOIS INSTITUTE OF TECHNOLOGY offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: ILLINOIS INSTITUTE OF TECHNOLOGY 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: ILLINOIS INSTITUTE OF TECHNOLOGY 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: ILLINOIS INSTITUTE OF TECHNOLOGY has an extraordinary 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: ILLINOIS INSTITUTE OF TECHNOLOGY offers a valuable life insurance policy to its team members for an affordable price. ILLINOIS INSTITUTE OF TECHNOLOGY 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: ILLINOIS INSTITUTE OF TECHNOLOGY has an outstanding 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: ILLINOIS INSTITUTE OF TECHNOLOGY recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by ILLINOIS INSTITUTE OF TECHNOLOGY, on volunteer work of their choice.
- PARENTAL LEAVE: ILLINOIS INSTITUTE OF TECHNOLOGY has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ILLINOIS INSTITUTE OF TECHNOLOGY | 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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