This report analyzes and compares PHILIP MORRIS INTERNATIONAL's employee health insurance and employee benefits with its industry and in New York State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
PHILIP MORRIS INTERNATIONAL has first-class career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the PHILIP MORRIS INTERNATIONAL. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PHILIP MORRIS INTERNATIONAL continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that PHILIP MORRIS INTERNATIONAL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: PHILIP MORRIS INTERNATIONAL believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows PHILIP MORRIS INTERNATIONAL to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: PHILIP MORRIS INTERNATIONAL does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: PHILIP MORRIS INTERNATIONAL believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that PHILIP MORRIS INTERNATIONAL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: PHILIP MORRIS INTERNATIONAL offers a first-class Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: PHILIP MORRIS INTERNATIONAL knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to PHILIP MORRIS INTERNATIONAL.
- TUITION REIMBURSEMENT: PHILIP MORRIS INTERNATIONAL has a first-class Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at PHILIP MORRIS INTERNATIONAL.
Benefit | PHILIP MORRIS INTERNATIONAL | Industry | New York |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
PHILIP MORRIS INTERNATIONAL offers top-notch health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy PHILIP MORRIS INTERNATIONAL's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PHILIP MORRIS INTERNATIONAL does not offer counseling.
- DENTAL PLAN: Team members at PHILIP MORRIS INTERNATIONAL have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. PHILIP MORRIS INTERNATIONAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: PHILIP MORRIS INTERNATIONAL offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: PHILIP MORRIS INTERNATIONAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: PHILIP MORRIS INTERNATIONAL offers an impressive healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, PHILIP MORRIS INTERNATIONAL has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: PHILIP MORRIS INTERNATIONAL has implemented a first-class telehealth policy for its members to use any time of the day, every single day. PHILIP MORRIS INTERNATIONAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: PHILIP MORRIS INTERNATIONAL has an excellent Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | PHILIP MORRIS INTERNATIONAL | Industry | New York |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
Team members enjoy solid financial benefits at PHILIP MORRIS INTERNATIONAL. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. PHILIP MORRIS INTERNATIONAL offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect PHILIP MORRIS INTERNATIONAL to partially cover the expenses.
- 401(K) PLAN: PHILIP MORRIS INTERNATIONAL has an excellent 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, PHILIP MORRIS INTERNATIONAL offers an excellent program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, PHILIP MORRIS INTERNATIONAL offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: PHILIP MORRIS INTERNATIONAL has a top-notch Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by PHILIP MORRIS INTERNATIONAL.
- BONUS PAY: PHILIP MORRIS INTERNATIONAL has a solid bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: PHILIP MORRIS INTERNATIONAL does not offer childcare discount.
- COMMUTER BENEFIT: PHILIP MORRIS INTERNATIONAL has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: PHILIP MORRIS INTERNATIONAL offers a superior daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: PHILIP MORRIS INTERNATIONAL offers a remarkable short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: PHILIP MORRIS INTERNATIONAL offers a good life insurance policy to its team members for an affordable price. PHILIP MORRIS INTERNATIONAL participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: PHILIP MORRIS INTERNATIONAL wants for its team members to lead a happy and fulfilled life so it has a good vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: PHILIP MORRIS INTERNATIONAL recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PHILIP MORRIS INTERNATIONAL, on volunteer work of their choice.
- PARENTAL LEAVE: PHILIP MORRIS INTERNATIONAL has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PHILIP MORRIS INTERNATIONAL | Industry | New York |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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