This report analyzes and compares PANDUIT'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
PANDUIT offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. PANDUIT believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: PANDUIT offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, PANDUIT makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: PANDUIT does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: excellent development resources are what allows PANDUIT to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: PANDUIT does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: PANDUIT is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, PANDUIT ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: PANDUIT does not offer onboarding.
- RECOGNITION PROGRAMS: PANDUIT 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 PANDUIT.
- TUITION REIMBURSEMENT: PANDUIT has a great 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 | PANDUIT | 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
PANDUIT offers superb 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 PANDUIT's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PANDUIT wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable 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 PANDUIT have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. PANDUIT partially pays for dentures and braces as well.
- HEALTH INSURANCE: PANDUIT offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: PANDUIT is aware of the fact that a healthy employee is a productive employee so it offers excellent health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: PANDUIT 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: Aware of the challenges that come with pregnancy, PANDUIT has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: PANDUIT has a suitable 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. PANDUIT can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: PANDUIT 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 | PANDUIT | 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 valuable financial benefits at PANDUIT. 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. PANDUIT offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect PANDUIT to partially cover the expenses.
- 401(K) PLAN: PANDUIT 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 PANDUIT 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, PANDUIT provides resources which will help team members decide what to do with their 401(k) plan. PANDUIT offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: PANDUIT has a great Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: PANDUIT offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for PANDUIT, and encourage others to do the same.
- CHILDCARE DISCOUNT: PANDUIT cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: PANDUIT 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: PANDUIT has a great 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: PANDUIT 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: PANDUIT offers an impressive life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: PANDUIT wants for its team members to lead a happy and fulfilled life so it has a suitable 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: PANDUIT does not offer paid volunteer time off.
- PARENTAL LEAVE: PANDUIT has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PANDUIT | 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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