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Benefits & Compensation

As a global employer, we are committed to providing market competitive benefits and compensation to attract and retain great talent across our global divisions, maintaining fair labor practices and pay equity and ensuring a work environment that reflects our ITW culture and core values everywhere we operate.

Supporting Our Colleagues Through Comprehensive Benefits and Compensation

Specific benefits and compensation vary worldwide and are based on regional practices. In the U.S., where we employ approximately 18,000 colleagues, we continue to focus on providing a comprehensive, competitive benefits package that helps our colleagues be well – physically, mentally and financially. Below are some common features offered to our U.S.-based colleagues:

  • Medical, dental and vision benefits for colleagues, spouses, domestic partners and dependents
  • Flexible Spending Accounts for both healthcare and dependent care
  • Health Savings Accounts
  • Wellness programs for colleagues and spouses
  • Life assistance program for colleagues and their families
  • 401(k) retirement savings program with options to contribute on a pre-tax, Roth or after-tax basis, with company matching contributions
  • Paid vacation and holidays
  • Paid parental leave, for both men and women
  • Fertility treatment benefits under our health plans and adoption assistance
  • Short-term and long-term disability benefits
  • Employee life and AD&D insurance benefits
  • Education and tuition assistance
  • Scholarships to support the academic achievement of colleagues’ children and dependents pursuing college or skilled trades education
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