Fedex Employee Benefits Review: Why Fedex Could Be a Great Employment Option

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Fedex Employee Benefits Review: Why Fedex Could Be a Great Employment Option

FedEx Corporation is a courier delivery service provider headquartered in Memphis. The company was founded in 1971, and it has grown over the years to include numerous divisions and subsidiaries. Through its various divisions, it provides overnight, freight and ground delivery services to markets around the world. FedEx innovated the real-time package tracking feature that is now used by many of its competitors, and it was also one of the first service providers to use a dropbox to collect packages. Currently, FedEx employs more than 425,000 part-time and full-time workers they need to keep engaged and happy.

FedEx Employee Benefits Team

Diana Meisenhelter – Talent Acquisition Leader

Diana Meisenhelter holds a bachelor’s degree from the University of Maryland in College Park and an associate’s degree from the University of Maryland in Munich. After graduating, Diana started her career in human resources as a recruiter. Prior to moving into her current executive role as the head of talent acquisitions at FedEx, she maintained high-level positions at Riviera Advisors, Wyndham Hotels and Resorts, Westin Hotels & Resorts and Embassy Suites. She also actively participates in industry organizations, including DallasHR, CareerXRoads, and others.

Find Diana Meisenhelter on:

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What Are FedEx Employee Benefits?

FedEx takes care of its employees with a comprehensive benefits package. Here are a few of the key perks FedEx employees get to enjoy.

Employee BenefitsDescription
Health InsuranceBasic health cover including medical, dental, and vision.
Life InsuranceProtects employees families in the event an employee passes away.
Flexible Spending AccountPre-tax account that employees can contribute funds to in order to offset personal tax liability and pay for required expenses.
Dependent Care Assistance ProgramHelps employees care for dependant children and elders.
401(k) PlanFedEx matches 100% of employee contributions for the first 3%.
Paid Time OffPaid time off is accrued by employees and can be used for vacation days.
Holiday PayEmployees are eligible for 11 paid holidays a year.
Tuition ReimbursementEmployees are eligible for $1,500 of tuition reimbursement per calendar year.
Pet CareTo ensure that employees' furry family is also cared for.
Adoption AssistanceEmployees are eligible for reimbursement of up to $5,000 in adoption fees and costs.

What Employee Benefits is FedEx Known for?

FedEx has regularly been included in Fortune magazine’s “Top 100 Best Companies to Work for in America” for more than two decades. One of the reasons why it has consistently maintained this recognition is because of its excellent employee benefits package. Benefits include:

  • Health coverage for all employees.
  • A 100% 401(k) match up to the first 3% of your salary.
  • Up to 3 paid weeks of vacation time. PTO also includes separate sick days, personal time, and paid holidays.
  • Employees get additional leave for their wedding.
  • 6 weeks of maternity leave.
  • Performance-based salary increments.
  • Employee discounts.
  • Adoption benefits up to $5,000.

FedEx is one of the rare companies that has excellent coverage for both its part-time and full-time employees.

Full-time FedEx employees can choose between three health insurance plans based on their needs and financial situation. They also have access to vision insurance as well as two options for dental coverage. Part-time workers can purchase coverage through two employer-sponsored health insurance plans. They also have access to a vision plan and dental insurance. Only full-time employees can opt for additional coverages, including life insurance, long-term care coverage, pet insurance and more. Employees are eligible for coverage after 30 days of employment.

Employees can also have a Flexible Spending Account (FSA). FedEx offers a Health Care Reimbursement Account as well as a Dependent Care Assistance Program — both FSA accounts. In addition to the financial benefit of the Dependent Care Assistance Program, employees in select areas may qualify for a discount at select childcare centers.

As mentioned before, FedEx offers a 401(k) savings plan. The company matches up to 50% of your salary. For the first 3%, you get a 100% match. In addition, employees can purchase company stock upon request via payroll deductions.

Employee discounts include travel and airfare discounts, and reduced shipping rates. Employees can also get commuter benefits.

How does FedEx Help with Student Loans?

FedEx does not formally offer any student loan support. The company does have a tuition reimbursement program. To qualify, your courses must be at the undergraduate or graduate level, and they must be related to your current position or desired career path at FedEx. 

Student loans are a massive debt that can control an individual’s entire financial outlook. That is why job seekers who are burdened with this loan prefer employers that have some sort of student loan repayment benefit. However, despite the financial crunch, only about 4% of employers offer this support. The good news is that more and more employers are looking into implementing this benefit.

Another problem with student loans is the financial technicalities, which make it difficult for an average person to manage the loan. Fortunately, there is a solution called FutureFuel. This platform, through its different features, allows individuals to manage their student loans efficiently. It also lets employers make contributions through encrypted transactions. 

How Do FedEx Employee Benefits Change for Different Jobs?

FedEx has a robust benefits package and offers excellent perks for all of its employees around the globe. However, there are differences in benefits available to part-time versus full-time workers. For example, full-time workers have access to more health insurance and dental insurance options. They also qualify for flexible spending account options, scholarship programs, and other benefits.

Full-time benefits are available to all employees who work at least 40 hours per week, but high-level executives receive special perks and bonuses that are not available to other workers. In addition, some benefits are geographically-dependent, such as childcare discounts.

How Has FedEx Improved Its Benefits Package Over Time?

The incredible growth of FedEx has been enabled and supported by its diverse, hardworking team. FedEx actively recognizes its employees through various awards and honors. It also offers exceptional compensation and strives to match or beat wages offered by competitors in order to retain current employees and recruit other talented individuals.

Wages vary based on the individual’s skills and experience as well as the geographic location. Annual performance reviews and salary adjustments for part-time and full-time workers have been a part of the FedEx culture for decades. The company’s benefits package has continued to evolve over its decades-long history. Updates to benefits have been made based on changes to government regulations, the overall availability of new benefits and its employees’ needs.

Are FedEx Careers Worth It?

Those who pursue a career with FedEx can take advantage of these benefits as well as competitive salaries and wages. In addition, FedEx maintains a diverse workforce with an inclusive, accepting culture. It focuses on workplace safety and actively recognizes the hard work and achievements of individuals at all levels of the organization. FedEx also regularly promotes from within when possible, which gives employees upward mobility within the company.

With its tuition assistance program, employees can receive financial support from the company while they actively take steps to advance professionally. Because FedEx operates around-the-clock and in locations around the world, some of its employees may be required to travel regularly. Many FedEx workers must work in the evenings as well as over weekends and holidays. While FedEx jobs come with numerous benefits, workers may be required to make a few sacrifices in order to take advantage of those benefits.

Discover FedEx Jobs and Careers

Are you interested in exploring opportunities for FedEx careers in your area? Because FedEx operates globally, it has numerous openings available across dozens of countries at any given time in most cases. You can rely on a few resources for more information about current opportunities:

FedEx Careers

Through the FedEx website, you can find jobs by clicking on links for the company’s primary divisions. These include FedEx Ground, FedEx Freight and FedEx Express.

FedEx Internships

If you are currently enrolled in college, you may be interested in getting professional experience and exploring the work culture at FedEx. FedEx offers internships throughout the year in select locations, and you can explore these through the FedEx website’s internships page.

FedEx Indeed

Indeed.com has job listings for major corporations and smaller employers around the world. The listings of FedEx opportunities in all markets are updated frequently.

FedEx LinkedIn

You can also explore current FedEx job opportunities through LinkedIn. The site includes thousands of jobs posted for FedEx in the United States and additional opportunities available internationally. Using the LinkedIn search filters can help you find the opportunity for you. 

 

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