This report analyzes and compares MDU RESOURCES' employee health insurance and employee benefits with its industry and in North Dakota 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
MDU RESOURCES has remarkable 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 MDU RESOURCES. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MDU RESOURCES continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that MDU RESOURCES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, MDU RESOURCES can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: MDU RESOURCES offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: MDU RESOURCES does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: MDU RESOURCES believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that MDU RESOURCES provides for them, employees are able to learn what makes or breaks a leader.
- 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 MDU RESOURCES offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MDU RESOURCES has a superior Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: MDU RESOURCES realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | MDU RESOURCES | Industry | North Dakota |
|---|---|---|---|
| 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
MDU RESOURCES 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 MDU RESOURCES's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MDU RESOURCES does not offer counseling.
- DENTAL PLAN: MDU RESOURCES offers a suitable 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: MDU RESOURCES offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, MDU RESOURCES offers solid 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, MDU RESOURCES offers a solid 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: MDU RESOURCES offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MDU RESOURCES has implemented a superior telehealth policy for its members to use any time of the day, every single day. MDU RESOURCES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: MDU RESOURCES has an impressive 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 | MDU RESOURCES | Industry | North Dakota |
|---|---|---|---|
| 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 good financial benefits at MDU RESOURCES. 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. MDU RESOURCES offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MDU RESOURCES to partially cover the expenses.
- 401(K) PLAN: MDU RESOURCES has a superb 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. MDU RESOURCES 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 superb MDU RESOURCES has Matching program that matches 75% of employees' contributions. Whatever MDU RESOURCES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MDU RESOURCES. Recognizing that every team member is unique, with specific needs and goals, MDU RESOURCES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: MDU RESOURCES does not offer adoption assistance reimbursement.
- BONUS PAY: MDU RESOURCES offers superb bonuses to team members who excel in their field of work, provide extraordinary results for MDU RESOURCES, and encourage others to do the same.
- CHILDCARE DISCOUNT: MDU RESOURCES offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: MDU RESOURCES has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MDU RESOURCES has a valuable 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: MDU RESOURCES has a good disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: MDU RESOURCES has a top-notch 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: MDU RESOURCES 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: MDU RESOURCES has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MDU RESOURCES stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MDU RESOURCES has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MDU RESOURCES | Industry | North Dakota |
|---|---|---|---|
| 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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