Benefits 1
The M&T Medical Plan covers these services at 100%
What are preventative services?
A full-time employee that has been on short term disability for 6 months should transition to this
What is long term disability?
Employees reaching out with concerns regarding manager treatment or disagree with a policy are referred to this department
What is Employee Relations?
The definition of retirement eligibility under the M&T equity plan
What is 55 years of age + 10 years of service?
The 3 components of core compensation
What are base pay, short term incentive (bonus), long term incentive (equity)?
The definition of retirement eligibility under M&T Retirement Plans
What is age 55 with 10 years of service or 65 with 5 years of service?
This partnership offers 10 eCoaching programs to all employees for FREE
What is Cleveland Clinic?
Employees reaching out regarding performance or development are referred to these departments
What is HRBP and Learning & Development?
The two factors used in a merit matrix
What are Performance rating and Compa ratio?
Current salary divided by structure midpoint
What is the calculation of compa ratio?
If your balance of this account reaches $1,000, you have the ability to invest
What is a Health Savings Account?
M&T provides this contribution annually based on bank performance
What is the Discretionary Employer Contribution (DEC)?
Time submission and approval deadline
What is end of day Tuesday of pay week?
The three objectives of our compensation programs
What are (1) Fair & Equitable, (2) Competitive, (3) Aligned with performance?
Often used in roles which earn commission, this kind of payment is an advance against future anticipated incentive compensation
What is a draw?
This program allows employees an opportunity to share in the growth and success of M&T through ownership of our stock at a discount
What is the Employee Stock Purchase Plan (ESPP)?
This commuter benefit does not allow for any reimbursements due to IRS limitations
What is transit reimbursement plan?
HRD members work with the EE manager/ER regarding the approval/denial of return to works with restrictions
What is the accommodation process?
The month that the Annual Proxy is published for our shareholders outlining our Executive Compensation programs and what our top 5 earners make
What is March?
The two types of short-term incentives
What are corporate and divisional?
The Leadership Retirement Savings Plan offers an additional match to these grades
What are grades 65+?
This is done prior to Open Enrollment to determine plan changes and price tags
What is benchmarking?
we collaborate with this group regarding discrepancies, adjustments, time entries, and severance pay
What is Payroll?
This is the process that Compensation uses for recommendations on promotions and laterals
What is use the established guidelines and include judgment after reviewing market, internal equity and internal range factors?
The different exemption categories under the Fair Labor Standards Act
What are Administrative, Executive, Professional, Computer, Outside Sales, Highly Compensated?