FedEx Benefits Job Applicants Should Know About

FedEx delivers to more than 220 countries and territories. That makes it a leading name in the e-commerce and e-business world. From online retailers to multinational companies, FedEx has the experience and infrastructure to deliver your parcels on time.

Besides offering brilliant service, FedEx is also a great place to work, partly due to its benefits for employees.

Those working at FedEx are offered a wonderful benefits package to support themselves and their families.

Why are employee benefits important?

Employee benefits are a form of compensation that helps attract, retain, and engage employees. Benefits may include health insurance, dental and vision coverage, 401(k) savings plans, and more. Here are some reasons employers offer these perks:

• Retain top talent: With the recent Great Resignation, it has become more critical than ever for employers to offer competitive benefits to keep their best employees from leaving for other companies.

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• Engage employees: Employee benefits help engage employees by incentivizing them to remain with the company and perform their best. Benefits can also attract high-quality job candidates.

• Improve employee satisfaction: Any company that wants to improve its employee satisfaction should focus on providing benefits that employees value. Benefits that employees commonly value include health insurance, retirement savings plans, and paid time off.

• Build a positive company culture: Employee benefits also create a positive company culture, making employees feel appreciated. This can lead to employees being more productive and efficient while being less likely to leave the company.

What employee benefits does FedEx offer?

FedEx offers several employee benefits. These include health care, tuition reimbursement, and paid time off. Employees enjoy holiday pay, a good work-life balance, discounts, and adoption assistance.

The kind of perks you get at the company will depend on your role and level of seniority.

Health Insurance, Medical, Dental, & Vision

Package handlers get health insurance benefits after working for 1,000 hours. They can choose medical, dental, and vision benefits. These benefits apply to them and their dependents.

The Bureau of Labor Statistics found that employers in private industries pay a significant sum on employee health care premiums.

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Full-time package handlers are eligible after a 90-day waiting period.

• Medical

• Dental

• Vision

• Prescription drug

As part of its commitment to the workforce, FedEx runs a group benefits program. This program covers the monthly premiums (100%) for the employees' health.

Employees working for 90 days at the company can get health and dental coverage.

FedEx also offers an Employee Assistance Program (EAP), which provides counseling and support services for employees and their families. The company also covers the costs of employee physicals, vision exams, and immunizations.

Tuition reimbursement

Tuition reimbursement by employees means that your company will help pay for your tuition and other associated costs up to a specific limit. This can be an extremely valuable benefit that can help offset the cost of furthering your education.

The reimbursement limit is $1,500 per calendar year.

While full-time FedEx employees get this benefit, seasonal package handlers do not get tuition reimbursement. However, if seasonal package handlers continue their employment at the company, FedEx will count their service time.

Paid Time Off

For every 20 hours a package handler works, they get an hour of paid time off. They can use their paid time off after working at the company for 90 consecutive business days.

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• Part-time package handlers: Up to 40 hours of PTO per fiscal year

• Full-time package handlers: Eligible to earn up to 80 hours of PTO per fiscal year

Package handlers at FedEx start accruing paid vacation time as soon as they are hired, whether they're full-time or seasonal employees.

They can start using their paid time off after working at the company for six months. FedEx credits vacation time into the employee's account on the 15th of every month.

Paid Holidays

All package handler employees who have been at the company for a year get holiday pay. They get 11 paid holidays annually.

• Part-time package handlers: Eligible for 3.5 hours of holiday pay

• Full-time package handlers: Eligible for 7.0 hours of holiday pay

Seasonal package handlers do not get holiday pay.

Work-life balance

Work-life balance is one of the most sought-after employee benefits. It has been shown to improve productivity and job satisfaction. It also directly reduces stress levels.

Like most top-level companies, FedEx has a work-life balance policy. This policy includes flexible working hours, telecommuting options, leaves for new parents, and on-site child care.

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The work-life balance policies at FedEx are designed to help employees maintain a healthy lifestyle. In this way, they can still give their best at work. Here are some notable perks FedEx offers to improve its employees' work-life balance:

• Child and adult care: The company offers flexible working hours. It helps employees manage their child care responsibilities. They also have on-site child care at many of their locations worldwide.

• Diet and exercise: FedEx's wellness program provides employees with access to gyms. Employees also get personal trainers and healthy eating options.

• Mortgage and loans: The paid benefit offers solutions for employees dealing with various challenges. Examples include loan repayments, financial needs, legal issues, and mortgages.

• Relocations: The company helps with the costs of moving to a new location, whether for a new job or personal reasons.

As a result, FedEx employees can maintain a healthy work-life balance. This leads to better productivity and overall satisfaction with their job.

Stock purchase plan

A stock purchase plan is a program offered by many companies as a perk. It allows employees to buy shares of the company's stock at a discounted price. This can be an excellent way for employees to invest in the company they work for.

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The stock purchase plan is among the best FedEx benefits. Employees who have worked at the company for three consecutive months can enroll in it. They can then contribute a percentage of their paychecks to buy FedEx stock.

Additional Benefits & Discounts

• Discounts: Employees can get discounts through LifeCare, cell phone plans (20% off), cars, vacations, attractions, restaurants, FedEx shipping, and more.

• Wage payment: FedEx has a Progressive Wage Schedule for package handler employees paid every week via the payment options of direct deposit, Pay Card, and the FedEx Credit Association.

• MetLife: Employees can get assistance in critical illness insurance, auto insurance, home insurance, and legal services.

What makes FedEx a good place to work?

Besides FedEx's benefits, the company's positive and inclusive work culture makes it a great place to work. FedEx is committed to creating an environment where people from all backgrounds can succeed.

As a result, the company has been recognized for its diversity initiatives several times. Such a company is always looking for ways to improve and grow, making it an excellent workplace.

Diversity and inclusion

FedEx's commitment to diversity and inclusion is evident in its many awards and recognitions. The company has received awards from the Human Rights Campaign, DiversityInc, NAACP, and more.

More than 49% of the US workforce at FedEx belong to minority groups, while 35.5% of the company's management team members are minorities.

Forbes recognized FedEx as one of the Best Employers for Diversity in 2019.

Women's empowerment

FedEx also has several benefits and initiatives for women employees. For example, the company offers women flexible work options, parenting support, and professional development opportunities.

The Women's Business Enterprise National Council named FedEx one of the 2020 – 2021 Top Corporations for Women Business Enterprises.

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Social responsibility

Besides employee volunteerism and donations, FedEx has a few social responsibility initiatives. For example, the Zero Tolerance Policy is an anti-discrimination and harassment policy that applies to everyone in the company.

The company also has an environmental sustainability goal to reduce its greenhouse gas emissions and partner with charitable organizations that focus on environmental causes.

Get FedEx benefits by starting your career at the company

There's no denying that FedEx benefits make the company a good place of employment for many. After all, who wouldn't want good health insurance, paid time off, and tuition assistance?

If you're ready to join the company, search for jobs on the FedEx website. The search tool can filter by job type, location, and keyword.

If you want to explore working at FedEx Ground or need application tips for scoring a job at the company, Jobcase's Resource Center is just the place for it.