This report analyzes and compares UNDERWRITERS LABORATORIES (UL)'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
UNDERWRITERS LABORATORIES (UL) 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 UNDERWRITERS LABORATORIES (UL). remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: UNDERWRITERS LABORATORIES (UL) continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that UNDERWRITERS LABORATORIES (UL) uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: UNDERWRITERS LABORATORIES (UL) offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows UNDERWRITERS LABORATORIES (UL) to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: UNDERWRITERS LABORATORIES (UL) has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: UNDERWRITERS LABORATORIES (UL) does not offer leadership programs.
- 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 UNDERWRITERS LABORATORIES (UL) offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, UNDERWRITERS LABORATORIES (UL) implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: UNDERWRITERS LABORATORIES (UL) realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | UNDERWRITERS LABORATORIES (UL) | 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
UNDERWRITERS LABORATORIES (UL) 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 UNDERWRITERS LABORATORIES (UL)'s superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: UNDERWRITERS LABORATORIES (UL) is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why UNDERWRITERS LABORATORIES (UL) implemented a great counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: UNDERWRITERS LABORATORIES (UL) 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: UNDERWRITERS LABORATORIES (UL) offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: UNDERWRITERS LABORATORIES (UL) is aware of the fact that a healthy employee is a productive employee so it offers outstanding 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: UNDERWRITERS LABORATORIES (UL) 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: UNDERWRITERS LABORATORIES (UL) offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: UNDERWRITERS LABORATORIES (UL) has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. UNDERWRITERS LABORATORIES (UL) covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: UNDERWRITERS LABORATORIES (UL) 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 | UNDERWRITERS LABORATORIES (UL) | 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 UNDERWRITERS LABORATORIES (UL). 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. UNDERWRITERS LABORATORIES (UL) offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect UNDERWRITERS LABORATORIES (UL) to partially cover the expenses.
- 401(K) PLAN: UNDERWRITERS LABORATORIES (UL) 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 UNDERWRITERS LABORATORIES (UL) 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, UNDERWRITERS LABORATORIES (UL) provides resources which will help team members decide what to do with their 401(k) plan. UNDERWRITERS LABORATORIES (UL) offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: UNDERWRITERS LABORATORIES (UL) does not offer adoption assistance reimbursement.
- BONUS PAY: UNDERWRITERS LABORATORIES (UL) has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: UNDERWRITERS LABORATORIES (UL) offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: UNDERWRITERS LABORATORIES (UL) has a good 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: UNDERWRITERS LABORATORIES (UL) offers a remarkable daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: UNDERWRITERS LABORATORIES (UL) 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: UNDERWRITERS LABORATORIES (UL) offers a solid life insurance policy to its team members for an affordable price. UNDERWRITERS LABORATORIES (UL) 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: UNDERWRITERS LABORATORIES (UL) wants for its team members to lead a happy and fulfilled life so it has a valuable 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: UNDERWRITERS LABORATORIES (UL) does not offer paid volunteer time off.
- PARENTAL LEAVE: UNDERWRITERS LABORATORIES (UL) has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | UNDERWRITERS LABORATORIES (UL) | 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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