Benefits
Our employee-owners have peace of mind knowing they are covered by an outstanding benefits program. When it comes to your next career move, don’t short-change yourself by overlooking the importance of comprehensive employee benefits.
Employee Stock Ownership Plan (ESOP)
A truly extraordinary benefit of Austin is its Employee Stock Ownership Plan (ESOP). This benefit is what puts the “owner” in employee-owner. You are eligible to participate in a portion of the ESOP as early as after 90 days of employment through your participation in the Austin Advantage 401(k) Plan. Contributions to the ESOP are made annually by Austin Industries. You become 100 percent vested after five years of service. In 2001, Austin Industries became 100 percent employee-owned.
Matching 401(k)
The ESOP is just one way that Austin employee-owners build retirement savings. The Austin Advantage 401(k) plan is another component of an employee-owner’s retirement benefits package. The 401(k) plan allows you to make pre-tax contributions through payroll deduction. You may join the plan after 90 days of employment. Once you enroll, Austin Industries will match a portion of your contributions. You become 100 percent vested in the company’s contributions immediately.
Group Insurance Programs
You will be able to design a benefit plan that meets your needs by selecting among a number of different options including medical, dental, vision, life, accidental death and dismemberment, and long-term disability coverage. Austin pays a major portion of the premiums and you pay the remainder, in some cases, with pre-tax dollars.
Paid Time Off (PTO)
Austin Industries provides a Paid Time Off program that allows employee-owners to take paid time off for vacation time and/or sick time. In addition to this PTO, Austin Industries observes nine paid holidays per year.
Training and Development
Austin Industries offers employee-owners the opportunity to increase their knowledge and skills through classroom training. Managers work with direct reports to identify and address developmental needs. Classes on computer software, time management, construction law, interviewing skills and job cost analysis are just a few of the classes Austin employee-owners can access.
Tuition Reimbursement
Austin Industries encourages employee-owners to improve themselves educationally by reimbursing tuition fees for business-related courses from an accredited state – or county supported – institution of learning.
Job Opportunity Program
Austin Industries strives to fill job vacancies with the most qualified candidates available and to train and develop employee-owners for advancement to higher-level positions. Austin’s job opportunity program allows you possible advancement within the organization.
Employee-Referral Program
Employee-owner referrals are an excellent source of recruiting candidates for existing job opportunities. Employee-owners receive referral rewards for assisting in the fulfillment of open positions. Austin Industries encourages the referral of minority and women candidates for all positions.
Management Accountability Process (MAP)
MAP is a process designed to direct the accomplishments and advancement of employee-owners. It is an excellent opportunity for you and your manager to set performance goals, measure past performance, and assess your direction in the organization. Emphasis is put on individual development, determining the skills or abilities needed to reach your performance/career goals, and identifying the best way to deliver those skills and knowledge to you.
Flexible Spending Accounts (FSA)
The FSA is a plan that allows you to contribute a portion of your salary on a pre-tax basis. You may save pre-tax dollars to pay for certain qualified expenses, such as health care related services or day care expenses. These pre-tax dollars reduce your taxable income, therefore saving you money.
Wellness Advantage Program
Austin Industries is committed to helping you experience the highest quality of life possible. The Wellness Advantage Program is designed to encourage you to get healthy and stay healthy by participating in a variety of activities throughout the year. Whether you want to learn how to better care for yourself or a loved one, to have more energy, or even lose weight or stop smoking, the tools you need are available under the Wellness Advantage Program.
Service Recognition
Your service to Austin Industries is both valued and appreciated. Austin employee-owners are given recognition each year. Additionally, at five-year intervals, you will receive a gift catalog from which an award can be selected based on your length of service.
Employee Discount Programs
Through Austin Industries' relationship with many of its vendors, the company is able to use its purchasing power to provide discounted fees and services for its employee-owners. Discounts on Dell computers and participating in Ford’s X-Plan pricing are two examples of how the company passes savings along to its employee-owners.