Our integrated package for Zurn Elkay includes medical, dental, vision, health savings accounts, life insurance, disability coverage, employee assistance programs, medical second opinion programs, wellness programs and a parental leave program. We also offer a robust 401(k) retirement plan with a generous company match.
One change we implemented immediately was including all Zurn Elkay associates into Zurn’s non-health related benefits package. We enhanced this program in 2022 by bringing over features from Elkay’s benefits package to create an even stronger offering that combines the best of both companies. These benefits include:
All new Elkay associates as of July 1, 2022, received stock grants as we merged our organizations, to give Elkay an ownership stake in the company, like the grant awarded to legacy Zurn associates in October 2021.
All full-time associates not covered by a collective bargaining agreement are part of a bonus program. Eligibility is based on business performance, individual contributions, continuous improvement and volunteering time to help align bonuses with our sustainability strategy.
Associates have access to the Zurn Foundation scholarship program for the children of associates, which awards $56,000 in scholarships annually. In addition to this program, we created a new $24,000 scholarship that will be awarded annually in memory of Ron Katz, former President of Elkay, who passed away in 2022. We also offer paid parental leave available to all associates.
To encourage all our associates to be active in their communities, we offer up to 20 hours of paid volunteer time annually—equaling approximately 1% of time spent at work. In 2022, Zurn Elkay associates volunteered a total of 5,406 hours.
All U.S. associates are eligible for up to $5,000 in company matching funds for their gifts made to U.S.-based 501(c)3 charities.
We value our associates’ pride in our organization and reward them for referring friends and family to join our team. We paid more than $230,000 in referral bonuses to our associates in 2022.
We extended two days of paid sick time to our hourly associates in 2022.