Health Care and Insurance and Education & Workforce Development and Real Estate & Retail

How Family Friendly is: Duke Realty Corp.: Locally based, publicly traded, commercial real estate firm

March 13, 2006

Duke Realty Corp. Locally based, publicly traded, commercial real estate firm Flexible work arrangements

Duke managers support flexible work arrangements whenever possible. Some associates work flexible hours, compressed workweeks, part-time schedules or take advantage of part-time telecommuting.

Child care

Dependent Care Flexible Spending Accounts are offered and allow associates to set aside money on a before-tax basis through payroll deductions to cover daycare expenses.

Family leave/military leave

Eligible associates may take FMLA leave up to 12 weeks. Employees can also elect to take any accrued paid time off (vacation/personal days/floating holidays/ sick days/emergency days), adoption leave or paternity days (if applicable) in lieu of taking unpaid leave under the FMLA. An employee can also take short-term disability days for medical leave due to his/her own health condition.

Employees receive 10 paid days off when a child is adopted in addition to other time-off benefits available. Employees are also eligible for reimbursement of qualifying adoption expenses, up to $7,500 per child.

New fathers receive three paid days off for the birth of a child, in addition to other time-off benefits.

Employees are eligible for up to two weeks of paid leave per year for military responsibilities. Differential pay may be received for up to one year.

Family-friendly/Female-friendly benefits

Employee Assistance Program offers short-term counseling, referrals and free educational materials for employees and their families on a variety of personal/family topics.

Employer Assisted Housing Program helps employees afford home ownership by making forgivable loans of up to $3,000 to use toward the purchase of a first home.

Employees receive two paid community days per calendar year to be used for participating in volunteer activities, such as Habitat for Humanity, chaperoning school outings, etc.

In addition to nine paid holidays per year, Duke employees receive vacation, personal and floating holiday time off, which can be used throughout the year. Employees with less than five years of service receive 14 VPF days per year. If unused, as many as 40 hours can be carried over to the next calendar year.

Employees accrue eight sick/ emergency days per year that can be used for their own illness or to care for sick children as well as for family doctor/dentist appointments. Unused hours, up to a maximum of 40, can be carried forward or donated to colleagues faced with a personal crisis, allowing that person to focus on critical personal needs even after his or her own sick days have been depleted.

Duke will reimburse 100 percent of eligible educational expenses, up to $3,000 per year, tax-free. Duke will also assist with costs related to obtaining or maintaining an approved certification or designation specifically related to an employee's job.

Six $3,000 scholarships for fulltime study in college or vocational programs are awarded each year to children of employees.

Health/retirement benefits

Duke offers a PPO health plan that includes prescription, dental and orthodontia coverage.

Health Care Flexible Spending Accounts allow employees to set aside money on a before-tax basis through payroll deductions to cover out-ofpocket health care expenses.

Long-term disability insurance is provided to full-time employees who may have suffered loss of income due to an extended medical condition, injury or disability. The coverage pays 60 percent of the base salary.

Duke offers short-term disability coverage ranging from 10 to 60 days at full and/or partial salary for up to 60 days.

Duke provides life and accidental death and dismemberment insurance for employees at no cost and is equal to one times their annual salary.

Employees are eligible to participate in the company's 401(k) plan. The company will match an employee's contribution 100 percent up to 3 percent of pay for service of less than 10 years. For employees with continuous service of 10 years or more, the company will match 100 percent up to 5 percent.

Employees can also participate in a financial education program that offers seminars in all locations as well as the opportunity to speak to a financial consultant for help with 401(k) funds or other financial matters.




This monthly feature looks at one of Indianapolis' largest employers to see what family-friendly benefits it offers.
Source: XMLAr03500.xml
ADVERTISEMENT
Comments powered by Disqus