Ryder System, Inc., is an American company that provides transportation and products for supply chain management. It was founded in 1936 and is headquartered in Miami, Florida. Ryder’s employee benefits have earned Ryder the reputation of an excellent workplace.
The company is especially famous for its rental truck fleets. It also has expertise in Supply Chain Management, Contracted Carriage, and Fleet Management. Apart from the U.S, Ryder also operates in the UK, Asia, and North America.
Ryder has more than 36,000 employees and the company provides services to enterprises from different industries.
Ryder Employee Benefits Team
Frank Lopez – Executive Vice President & Chief Human Resources Officer
Mr. Frank Lopez joined Ryder in 2002 as an Associate General Counsel. He was promoted to his current position in 2016.
Mr. Lopez is responsible for leading HR operations, talent recruiting and management, benefits and compensation, employee engagement, and labor relations. He is a member of the company’s Executive Leadership Team.
Frank Lopez received his bachelor’s degree from Florida International University. He also holds a law degree from Emory University School of Law.
Find Frank Lopez on:
What are Ryder’s Employee Benefits?
The following are some of the major benefits offered at Ryder:
|Health Insurance||Good health insurance with multiple plan options for employees.|
|Dental Coverage||Basic dental coverage is available.|
|Vision Coverage||Basic vision coverage is available.|
|Prescription Drug Isnruance||You get coverage for prescription drugs.|
|Life Insurance||Life insurance includes employees, their spouse and children.|
|AD&D Coverage||In case of death or an injury, employees are given monetary coverage.|
|Disability Coverage||Short-term and long-term disability insurance is available.|
|Flexible Spending Accounts (FSAs)||You can set aside pre-tax money for dependent care and health care expenses.|
|401 (k) Plan||The company offers a good 401 (k) Plan. According to indeed.com you get a match up to 6%.|
|Employee Stock Purchase Plan||You can buy company shares at a discounted price.|
|Paid Time Off||Up to 3 weeks of PTO. It accrues over time.|
|Bereavement Leave||It is available.|
|Maternity Leave||According to fairygodboss.com you get 6 weeks of paid maternity leave.|
|Tuition Reimbursement||According to Glassdoor.com eligible employees can get tuition reimbursement.|
What Employee Benefits is Ryder Known for?
Ryder’s employee benefits are quite good and offer extensive coverage. These benefits help employees improve their mental, physical and financial wellbeing. Moreover, for a company of this size, employee benefits are key to improving employee retention and employee engagement.
Some of the most popular benefits at Ryder include the following:
- Health insurance.
- Dental and Vision coverage.
- Up to 3 weeks of PTO.
- Maternity leave.
- 401(k) plan with a company match.
- Disability coverage.
- Flexible Spending Accounts (FSAs).
Ryder offers good healthcare insurance to its employees. The overall plan includes dental, vision and prescription drug coverage. Employees can also get short-term and long-term disability coverage and life insurance. For medical plans, you can choose from multiple options all of which provide good standard coverage.
The company also has an excellent retirement and savings plan. Even though there is not much information available online, according to Glassdoor.com, you get a 401(k) match up to 6%. Moreover, you can also enroll in the Employee Stock Purchase Plan that allows you to buy the company stock at a discounted price. Besides savings plans, employees can opt for FSAs to cover their dependent care and healthcare expenses using their FSA’s pre-tax money.
As for the PTO policy, it accrues over time. After about 5 years employees can get up to 3 weeks. According to Glassdoor, PTO starts with 10 days. employees get paid holidays and sick time off too. The company offers bereavement leave as well. Maternity leave is also given separately, which according to Fairygodboss.com is about 6 weeks paid.
How does Ryder Help with Student Loans?
Ryder does not have any student loan support benefits program for its employees at this time. According to Glassdoor.com, the company does offer a good tuition reimbursement program that allows employees to continue their education.
Despite the obvious advantages of tuition reimbursement, it does not help employees reduce their student loan burden. The financial crises caused by student loans have become a major problem in the United States of America. Because of the financial crunch it puts you in, college graduates want to work for employers with student loan support programs. However, not even 5% of companies offer this program, which severely limits career options for job seekers.
But improvements are expected in this regard. Many companies are planning to introduce support programs for student loans. Some companies may offer the program on their own while others can partner up with third parties to offer the benefit.
For those who want to implement the program within the company can do so through FutureFuel. It is a unique and a one-stop management system that allows excellent features for student loan management, program monitoring, monetary transactions and handling personalized accounts. For employees, it is an excellent way to pay student loans back faster while employees can also send company contributions to employees’ student debt.
How do Ryder Benefits Change for Different Jobs?
Ryder’s employee benefits are good, but they are different for different job types, levels, experience and seniority levels. Here are a few factors that are likely to decide how much access you can have to Ryder’s employee benefits.
- New hires and part-time employees do not get the same type of coverage as full-time employees. They have to pay more to get the same insurance plans.
- New hires do not get access to all the company benefits.
- PTO starts at 10 and then goes up to 3 years for employees who have completed 5 years with the company. Moreover, new hires may have to wait a full year before they can have their PTO.
- Type of insurance plans and coverage costs also change with state policies.
How Has Ryder Improved its Benefits Package Over Time?
Founded in 1933, Ryder is still going strong. One of the reasons is its excellent employee retention rate, which has been possible through its employee benefits and compensation package. The company has tried its best to maintain all industry standards. For example, insurance plans such as health and life have not become too expensive.
Moreover, there are many benefits that get better with the years of service of employees. These benefits include the retirement and savings plan and PTO.
The introduction of new incentives and updating existing ones allow employees to keep up with changing financial and social trends.
Are Ryder Careers Worth It?
Ryder has a worldwide presence and is a well-respected name in the transportation industry. If you are part of this industry, then any job at Ryder is likely to increase your market value. Here are a few other factors that make Ryder careers worth it:
- The company offers affordable insurance plans that help you manage your finances well and work towards financial stability.
- The company offers a good work-life balance through benefits like PTO.
- The retirement and savings plan offers a good match, which allows you to save well for your retirement.
- The company also offers benefits like life insurance, disability coverage, and AD&D coverage, which protect you in case you cannot continue your employment due to unforeseen circumstances.
- The company offers in-house promotions that can allow you to move up the ranks.
All of these factors give you overall benefits that ensure you will be looked after well by the company.
Discover Ryder Jobs and Careers
If you want to apply for a job at Ryder, you should visit the following websites for constant updates on job openings:
The official website’s Careers page has all the jobs properly categorized. You can choose the category you are interested in and search for all the available openings. Each job not only has all the information about what it takes to qualify, but you can also see what the job offers to you. To look for specific jobs and narrow down your search by using the search toolbar. The website lets you submit your official application online.
Glassdoor is one of the most comprehensive websites for job-hunting. It contains about 2.4k openings at Ryder and each listing offers complete information such as expected salary, requirements, skills needed, and job descriptions. If you do not have the time to go through all the listings, you can use search filters to save time. Glassdoor also has hundreds of employee reviews about the company and its benefits, which will help you make an informed decision about your career at Ryder.
Indeed is another good platform to look for jobs at Ryder. It has hundreds of listings with complete details regarding each job. If you want to save time and look for specific jobs, you can use the search feature. The website also has many employee reviews that will give you a better idea of the company’s work culture. Moreover, you can also visit the Q&A page to get all the answers about any questions you may have about Ryder and its jobs.