This report analyzes and compares PACKAGING CORPORATION OF AMERICA'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
PACKAGING CORPORATION OF AMERICA 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 PACKAGING CORPORATION OF AMERICA. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PACKAGING CORPORATION OF AMERICA continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that PACKAGING CORPORATION OF AMERICA uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: PACKAGING CORPORATION OF AMERICA offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows PACKAGING CORPORATION OF AMERICA to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: PACKAGING CORPORATION OF AMERICA has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: PACKAGING CORPORATION OF AMERICA offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by PACKAGING CORPORATION OF AMERICA to grow as leaders and learn how to make tough calls.
- ONBOARDING: PACKAGING CORPORATION OF AMERICA does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, PACKAGING CORPORATION OF AMERICA implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: PACKAGING CORPORATION OF AMERICA has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at PACKAGING CORPORATION OF AMERICA.
Benefit | PACKAGING CORPORATION OF AMERICA | 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
PACKAGING CORPORATION OF AMERICA has suitable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers suitable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a suitable healthcare spending account at their disposal.
- COUNSELING: PACKAGING CORPORATION OF AMERICA 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 PACKAGING CORPORATION OF AMERICA have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. PACKAGING CORPORATION OF AMERICA partially pays for dentures and braces as well.
- HEALTH INSURANCE: PACKAGING CORPORATION OF AMERICA offers a superior 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, PACKAGING CORPORATION OF AMERICA 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: To financially help its team members with medical emergencies, PACKAGING CORPORATION OF AMERICA offers a suitable 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: PACKAGING CORPORATION OF AMERICA 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: PACKAGING CORPORATION OF AMERICA does not offer telehealth.
- VISION PLAN: PACKAGING CORPORATION OF AMERICA provides a first-class 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 | PACKAGING CORPORATION OF AMERICA | 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
PACKAGING CORPORATION OF AMERICA 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: PACKAGING CORPORATION OF AMERICA knows how important it is to think about retirement and start saving on time. That's why it offers a great 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 PACKAGING CORPORATION OF AMERICA 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, PACKAGING CORPORATION OF AMERICA provides resources which will help team members decide what to do with their 401(k) plan. PACKAGING CORPORATION OF AMERICA offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: PACKAGING CORPORATION OF AMERICA does not offer adoption assistance reimbursement.
- BONUS PAY: PACKAGING CORPORATION OF AMERICA offers superior bonuses to team members who excel in their field of work, provide extraordinary results for PACKAGING CORPORATION OF AMERICA, and encourage others to do the same.
- CHILDCARE DISCOUNT: PACKAGING CORPORATION OF AMERICA offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: PACKAGING CORPORATION OF AMERICA has a valuable 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: PACKAGING CORPORATION OF AMERICA 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: PACKAGING CORPORATION OF AMERICA has an outstanding 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: PACKAGING CORPORATION OF AMERICA 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: PACKAGING CORPORATION OF AMERICA realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why PACKAGING CORPORATION OF AMERICA has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: PACKAGING CORPORATION OF AMERICA does not offer paid volunteer time off.
- PARENTAL LEAVE: PACKAGING CORPORATION OF AMERICA has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PACKAGING CORPORATION OF AMERICA | 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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