Benefits & Compensation
ITW Benefits … For Life Your Way
Our total rewards package is broad and offers comprehensive support from health and wellness, to retirement and financial stability.
ITW is committed to offering comprehensive, affordable and flexible benefits that help you and your family be well – physically, mentally and financially. Specific benefits vary worldwide and are based on regional needs. Below are some common features of the U.S. benefit program. For more details, visit our Benefits page.
Healthcare
Having a choice of healthcare options allows you to decide what works best for you and your family. Our comprehensive affordable plans include:
- Medical coverage
- Dental coverage
- Vision coverage
- Health Savings Account (HSA)
- Flexible Spending Account (FSA)
Income Protection
If the unexpected happens, we offer peace of mind and a safety net for you and your loved ones, with income protection benefits including:
- Short and Long-Term Disability
- Employee Life & AD&D Insurance
- Spouse and Child Life Insurance
Pay
We offer competitive compensation packages that are aligned with market pay practices and ITW’s pay for performance philosophy. This philosophy is utilized by our businesses for rewarding employees when delivering excellent individual and company performance.
Parental Leave
ITW’s paid parental leave includes up to four weeks for both men and women to care for and bond with their new child.
Living Well at ITW
From numerous programs and resources to personal coaching, we offer free programs to help you be well at work and at home. ITW’s Employee Assistance Program (EAP) also offers confidential help whenever you or your family need it.
Retirement Savings
Choose the best way to reach your retirement goals with an industry-leading 401(k) plan. You have the option to contribute to the plan on a pre-tax, Roth and after-tax basis. If you choose to save in the plan, ITW will match your contributions. In addition to the match, ITW makes an automatic contribution to help you reach your retirement goals even faster.
Paid Time Off
We offer paid time off and a company holiday schedule to support maintaining a healthy balance in your personal and work lives.
Matching Gift / Volunteer / Community
You are empowered to support the organizations and causes that matter most to you. ITW’s Matching Gift Program is industry-leading, matching your donations $3 for $1. ITW also supports volunteering by contributing $15 to an employee’s charity for every hour of service to the charity.
